Anyone who has been keeping an eye on the stock market knows it’s been doing well. Sure it’s completely out of whack but the Fed won’t let it fall. I mean, they love us, right? Yes, it’s completely overvalued by every single metric, but who looks at stats anyway? And I know that there’s an economic recession on right now that could easily unfold into the worst in a century, but that’s just a buy signal, I think. Oh well, I don’t need to worry because Janet Yellen might make a comeback and she’ll know exactly how to keep this train moving.
Falling Market Volatility Signals Growing Optimism About Stock Rally – WSJ
Market volatility is collapsing to levels not seen since February, the latest sign of optimism about a stock rally that lifted major indexes to fresh records this week. Stocks have soared back to highs, fueled by enthusiasm about a coming vaccine for the coronavirus as well as relief that the election-widely anticipated for months-has passed.
Fear & Greed Index – Investor Sentiment – CNNMoney
Fear & Greed is CNNMoney’s investor sentiment tool that comprises of 7 markets indicators.
Tesla become sixth-largest U.S. company, surpassing Warren Buffett’s Berkshire Hathaway – MarketWatch
Tesla Inc. on Friday surpassed Berkshire Hathaway Inc. as the sixth-largest U.S. company by market capitalization. The Silicon Valley electric-car maker ended Friday with a market cap of $555 billion, and Berkshire Hathaway ended the day with a market cap of $543 billion, according to FactSet.
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Millions of Americans Expect to Lose Their Homes as Covid Rages – Bloomberg
GM Plans to Seek Banking Charter to Grow Auto-Lending Business – WSJ
The auto maker ‘s lending arm is drawing up plans to apply for a banking charter, a move that would allow it to accept deposits and expand its auto-finance business, according to people familiar with the matter. General Motors Financial Company Inc.
China slaps 200% tax on Australia wine amid tensions
BEIJING (AP) – China on Friday added wine to the growing list of Australian goods barred from its markets in a trade war against Australia over disputes including its support for a probe into the origin of the coronavirus.
Robots on the rise as Americans experience record job losses amid pandemic | Technology | The Guardian
They can check you in and deliver orange juice to your hotel room, answer your questions about a missing package, whip up sushi and pack up thousands of subscription boxes. And, perhaps most importantly, they are completely immune to Covid-19. While people have had a hard time in the coronavirus pandemic, robots are having a moment.
The financial system has seen some serious money, debt, margin in 2020. There has been a considerable rise in stock prices. The stock market goes higher. Tech stocks are seeing major interest.
— APPENDIX —
— FOOTNOTES —
“The evil was not in bread and circuses, per se, but in the willingness of the people to sell their rights as free men for full bellies and the excitement of games which would serve to distract them from the other human hungers which bread and circuses can never appease.”
Hmmmm…What do you think about this? pic.twitter.com/M87q3TLzv9
JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T
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