Trump, who once predicted that markets would crash if Joe Biden were elected president. Well,  it seems the exact opposite is happening.

A Trump era first. Democrats rather than Republican's holding a more optimistic economic outlook.

Notes Today:

• (FT) Facebook allowed ads in the UK that tried to sell cures for Covid-19 including vitamin shots and intravenous drips.

• (Reuters) - Failure by Britain and the European Union to agree a free trade deal would wipe an extra 2% off the United Kingdom’s economic output while driving up inflation, unemployment and public borrowing, official forecasts showed on Wednesday.

• Flynn  pardoned.

• Initial jobless claims rose by 30,000 to 778,000 in the week ended Nov. 21, according to Labor Department data. Not seasonal adjusted it rose by 78,000.

• LONDON (Reuters) - Banks in the European Union will have to use platforms inside the EU to trade derivatives from January, the bloc’s securities watchdog said on Wednesday, in a move that could cut off the City of London, the world’s biggest derivatives trading hub.

 The wonderous  effects of  "historic" low rates on RE

 Notes Today:

• There’s little evidence that herd immunity is helping Sweden combat the coronavirus, according to the country’s top epidemiologist. (642 deaths per 1M Pop.)

• Reuters: The Conference Board’s consumer confidence index dropped to a reading of 96.1 this month from 101.4 in October. Economists polled by Reuters had forecast the index falling to a reading of 98 in November. The index was at 132.6 in February.

  

• Reuters: Despite consumer trepidation about the future, the housing market continues to boom. The pandemic has fueled a migration from city centers to suburbs and other lower-density areas as Americans seek more space for home offices and schooling.

• A separate report on Tuesday showed the S&P CoreLogic Case-Shiller 20-metro-area house price index jumped 6.6% from a year ago in September after rising 5.3% in August.

• (Reuters) - Germany’s gross domestic product grew by a record 8.5% in the third quarter as Europe’s largest economy partly recovered from an unprecedented plunge caused by the first wave of the COVID-19 pandemic in spring, the statistics office said on Tuesday.

And what's the strongest stock on NASDAQ today? Well its (FCEL) Fuel Cell Energy up 76.9%

Hydrogen bubble, short squeeze, climate motivation, or the next greatest thing in transportation? Perhaps all of the above?

The wealth gap persists: As seen in the figure below, Black and Hispanic family wealth has fluctuated relative to white family wealth from 1989 to 2020. Despite the ups and downs, the sizable gaps (represented by low ratios) have changed very little.

 Roku, perhaps also worth a graph today.