Notes Today:

• Ray Dalio  (smart dude) said he saw no reason that stocks couldn’t trade at 50 times earnings. Plus, according to Investmenttools.com “invaluable”😏 Dow Trend Earnings (AKA FED Model) still inexpensive. 

• QuantumScape (NYSE:QS) releases performance data demonstrating that its technology addresses fundamental issues holding back widespread adoption of high-energy density solid-state batteries, including charge time, cycle life, safety, and operating temperature. The stock is up 57% today 
• If you are not risk-averse, it might be worth your while to take a look at QS. In the greater scheme of things, it is only a $1.6 billion Co. (Tesla 613 billion) and has More than a $1 billion in its war chest. If the technology performs as advertised it could improve things substantially.
  
  
  

•  China Producer Price Index (YoY) out at -1.5%, above expectations (-1.8%)

•  Pelosi and Schumer say Mnuchin's $916b aid plan unacceptable.

•  The Supreme Court rejected the Trump lawyers bid to overturn the Pa. election and doesn’t even bother to comment.

•   Trump's

and Scott Atlas’s herd immunity at work.  US Coronavirus deaths  at 293,398, surpassing the number of US combat deaths (291,557) in World War II.