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Congress blows it on the economy

Congress blows it on the economy

The Senate left Washington yesterday without putting its plan for the next coronavirus aid package on the table. That guarantees, in case you had any doubt, that the enhanced $600 a week unemployment benefit that, for practical purposes, expires with today’s...
Inflection point for stocks approaches

Inflection point for stocks approaches

Today what I’m calling “re-opening dependent” stock fell again. At least in the early going. Toward the end of session–like yesterday–these stocks and stocks in general rallied. Which in and of itself tells us something important about...
Apple says it will close 30 more stores

Apple says it will close 30 more stores

I’m using Apple (AAPL) as one indicator for the state of the re-opening economy. Apple’s decision today to re-close 30 more of its stores in seven states, including Alabama, California, Florida, Georgia, Idaho, Louisiana, Nevada, Oklahoma, Texas and Utah,...
Don’t fight the Fed? Well, maybe

Don’t fight the Fed? Well, maybe

The advice “Don’t fight the Fed” makes sense. If the Fed is flooding the financial markets with cash, then buy and follow along as the Fed makes money available to drive up asset prices. If the Fed is tightening, reducing the available supply of...
Stop torturing the data to determine the “reality” of the coronavirus re-opening–Look to an early adopter model from technology to determine the stock market trend from the re-opening economy

Stop torturing the data to determine the “reality” of the coronavirus re-opening–Look to an early adopter model from technology to determine the stock market trend from the re-opening economy

I’m as much in favor of reality as the next guy. Maybe more so. And during the coronavirus pandemic and the current economic re-opening I’ve been scarfing up every bit of data that I can. I begin my day by digging into the latest news of cases n Arizona,...