Today's topics include small businesses' struggle, domestic vs. foreign equities, the latest WSJ survey of economists, low rates & inflated asset prices, the budget deficit, have we reached peak SPAC?, surveying Americans on jobs and spending, and oil's dependence on airlines
Today's topics include bonds responding to odds of a Democratic sweep?, 2016 vs. 2020, Europe's second wave, European stocks, a note on jobless claims, low rates & demographic trends, reviewing the FOMC minutes, a wealth divide, what does the average recovery look like?, and LIBOR legislation moving along at a snail's pace
Why is the market so obsessed with fiscal stimulus? Because the reopening continues to stall.
Today's topics include stimulus off, stimulus on, timing high beta stocks, hidden joblessness, earnings season gets underway next week, the world's wealthiest, the IPO market, the low cost of servicing debt, and the jobs market in swing states
Think of the Fed as a post and the bond market as a horse tied to that post. The horse will remain in place, tied to that post, unless spooked by inflation. The horse has the ability to rip that post from the ground and run wild. The post cannot stop a scared horse.
Today's topics include checking in on the consumer, the retail landscape, bankruptcies actually lower in the U.S. in 2020, hedging against election uncertainty, retail investors' ability to time the market, more bad publicity for the paycheck protection program, financial advisors predict divided government, and bond traders pricing in unified government
Europe's second COVID wave grows. Is a similar trend beginning in the U.S.? We also show the latest on the election betting markets and polls.
Q3 earnings season kicks off next week. Companies are positive, but analysts are less so.