Monday, October 12, 2020

Nasdaq had its best day since April, U.K. gets more virus controls and a Johnson & Johnson vaccine study was halted. Get ready for Tuesday.



  • FT: UK public borrowing is set to reach £350bn this year, or 17% of gross domestic product, the highest peacetime level in more than 300 years 
  • Nearly half of British firms are financially vulnerable and unprepared for the future, according to Microsoft's boss Nadella.



 Quick Overview is up to date

Facebook (AKA the plague  on humanity) announced it will now ban content that “denies or distorts the Holocaust,” reversing its earlier policy. 


Sunday, October 11, 2020

Bloomberg: If Democrats do sweep the November elections and increase capital gains taxes, it would be unlikely to cause more than a temporary slide in the U.S. stock market, according to JPMorgan 


Most daily stuff is up to date (I think) 

  • And low rates are  moving housing right along. 


  • Sox Semiconductor Index sipping right along.

 

  • S&P 500 Vix Ratio rate of change back to red. 


Bloomberg: On the same day the World Food Programme was awarded the Nobel Peace Prize for its fight against hunger, fresh numbers from the U.S. government showed that tighter crop supplies could worsen the food-inequality crisis that’s sweeping the globe.



 Quick Overview is up to date

Friday, October 09, 2020

  •  And here is todays USDA report via Karen Braun


  • A look at Dec. Gold 


  • A look at Jan. Soybeans 


  • CFTC Commitments of Traders for Grains.

 

  •  Today’s USDA report could  turn out to be interesting. Steve’s comments over here.

Ok, new plan.  Mnuchin tells House Speaker Nancy Pelosi that Trump now wants a comprehensive stimulus package -- in a reversal from his position on Tuesday when Trump snappishly ended negotiations.  
Oh, wait! There’s McConnell “Deal unlikely in the next three weeks”

Thursday, October 08, 2020

 And now:  The real lessons from Sweden’s approach to covid-19 

Sweden is held up as a champion of liberty. In fact it is the home of pragmatism

  • The bullion holdings in gold ETF's are hitting records. 


  • Facebook (AKA plague on humanity) is a social network monopoly that buys, copies or kills competitors, the House Antitrust Subcommittee determined.