The NASDAQ is up 12% in 2020 thanks to a surge in the prices of so-called growth companies. But Apple’s 19.7% rise this year on 0.5% revenue growth defies logic.
Despite historic levels of stimulus, such as the payroll protection plan, people are unemployed and some are lining up in food lines not seen since the 1930s.
Most of what I read suggests we’re experiencing a Bear Market rally, and that it will be short-lived. A very respected strategist friend of mind put it this way: It…
Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the…
Apparently Goldman strategists expect profits for companies in the S&P 500 will decline 33% this year, and rebound 55% next year. It implies a V-shaped recovery. Let’s forget that 2021…
Seems there’s been a run on marijuana as folks stuck at home look for some relief: Shares in most of the big cannabis companies are up sharply this week following…
FED Just announced interest rates near zero: The Federal Reserve encourages depository institutions to turn to the discount window to help meet demands for credit from households and businesses at…
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