Massachusetts Keeps Top Spot in Milken State Technology and Science Index

Nearly every industry has felt an economic blow from the COVID-19 pandemic, which revealed holes in the framework of business models throughout the country. But some business sectors, such as the tech industry, are pivoting with new opportunities, offering a path forward for states beyond California’s Silicon Valley.

Loading...

Load Error

Massachusetts, Colorado and California have the greatest science and technology capabilities, according to the State Technology and Science Index. The biennial report from the Milken Institute, a Santa Monica, California-based think tank, compares states along their “capacity for achieving prosperity through scientific discovery and technological innovation.”

For almost two decades, researchers have explored the elements of development in the technology and science sector, identifying why some states are more effective than others when it comes to job creation and wage growth in high-tech industries. But this year, the report takes on new meaning amid the pandemic and a reeling economy,

Read More

Massachusetts Keeps Top Spot in Milken State Technology and Science Index | Best States

Nearly every industry has felt an economic blow from the COVID-19 pandemic, which revealed holes in the framework of business models throughout the country. But some business sectors, such as the tech industry, are pivoting with new opportunities, offering a path forward for states beyond California’s Silicon Valley.

Massachusetts, Colorado and California have the greatest science and technology capabilities, according to the State Technology and Science Index. The biennial report from the Milken Institute, a Santa Monica, California-based think tank, compares states along their “capacity for achieving prosperity through scientific discovery and technological innovation.”

For almost two decades, researchers have explored the elements of development in the technology and science sector, identifying why some states are more effective than others when it comes to job creation and wage growth in high-tech industries. But this year, the report takes on new meaning amid the pandemic and a reeling economy, as states

Read More

COVID-19 pandemic to disrupt consumer holiday shopping plans, according to EY Future Consumer Index | News

LONDON, Oct. 27, 2020 /PRNewswire/ — The COVID-19 pandemic has accelerated the transition to online shopping and its long-term adoption in certain product categories and markets, according to the fifth edition of the EY Future Consumer Index. More than a third (37%) of the 14,467 consumers surveyed say the pandemic will keep impacting their lives for at least another year. This rises to 43% in Europe and 66% in Japan, while consumers in India (19%) and China (18%) are noticeably more optimistic. Globally, consumer respondents believe the way they shop will change over the long-term and 39% say they will shop more online for things they used to buy in stores.

Online shopping adoption varies across markets and categories

The EY Future Consumer Index finds that consumers in China and, to a lesser extent, the UK are far more likely to shop online as their primary channel than

Read More

Most Index Charts Remain in This Trend

The bulk of the major equity indices closed higher Friday except for the DJIA posting a loss.

No violations of support/resistance/trend were registered, leaving all but the Dow Jones Transports and Value Line Arithmetic Index, which remain positive, in short-term neutral trends.

The Nasdaq 100 (see below) tested support while the MidCap 400 and Value Line index tested resistance.

Source: Worden

Breadth was positive on the day but left the cumulative advance/decline lines for the All Exchange, NYSE and Nasdaq neutral and above their 50-day moving averages.

Data

The one-day McClellan Overbought/Oversold Oscillators remain neutral (All Exchange: +15.0 NYSE: +18.01 Nasdaq: +13.21).

Psychology continues to be of some concern, though, as the Open Insider Buy/Sell Ratio dipped to a neutral 34.3 while the Rydex Ratio (contrarian indicator) remains bearish with the leveraged ETF traders extended in their leveraged long exposure lifting to a bearish 1.17.

Meanwhile, last week’s Investors Intelligence

Read More