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[CNBC] Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’ [CNBC] Black Friday shopping in stores craters 52% during pandemic as e-commerce sales surge [Yahoo/Bloomberg] Eerie Calm in Treasuries Is at the Mercy of Jobs and Virus Data [Yahoo/Bloomberg] Biden Has Republican Powell as Ally in Bid to […]
[AP] With no action by Washington, states race to offer virus aid [CNBC] Los Angeles issues stay-home order as coronavirus cases surge out of control [Yahoo] The US could face an ‘apocalypse’ by Christmas as COVID-19 cases surge: Dr. [Reuters] Killing of suspected Iranian nuclear mastermind risks confrontation as Trump exits [Reuters] Iran’s supreme leader […]
Feeling More Secure, Investors Take On More Risk As we digest our Thanksgiving turkey, we are also digesting what has become a significant market rotation. At least some of the near-term certainty around the election outcome has been lifted, and there are early signs of life at the end of the COVID tunnel. It is […]
The U.S. Goods Trade Deficit jumped to a then record $76 billion back in July 2008. A few short months later, financial chaos unleashed the “great recession” economic crisis. Traditionally, large trade deficits are evidence of loose monetary conditions and resulting unsustainable spending patterns. By May 2009 – only 10 months from the all-time record […]
[Reuters] Stocks edge higher after Thanksgiving holiday [Yahoo/Bloomberg] Caution Sets in for Stock Market; Treasuries Climb: Markets Wrap [Reuters] Dollar edges down, set for weekly loss; kiwi having best month since 2013 [Yahoo/Bloomberg] Oil Rally Stalls Amid OPEC+ Tensions Over Production Plans [CNBC] Coronavirus live updates: AstraZeneca CEO touts a new vaccine trial in response […]
[Yahoo/Bloomberg] Stock Rally Pauses as European Cyclicals Retreat: Markets Wrap [Reuters] World shares hold close to record highs; U.S. markets close for Thanksgiving [Yahoo/Bloomberg] Bitcoin Plunges Along With Other Coins [Reuters] America celebrates scaled-back Thanksgiving as COVID-19 surges [Reuters] Disney increases planned layoffs to 32,000 as virus hits theme parks [Yahoo/Bloomberg] U.K. to End Lockdown; […]
[AP] Global stocks edge lower after Dow crests 30,000 [Reuters] Dollar under pressure as risk appetite stages a comeback [Yahoo/Bloomberg] Stocks on Track for Record Month; Treasuries Dip: Markets Wrap [Axios] Scoop: Israeli military prepares for possibility Trump will strike Iran [MarketWatch] Advanced U.S. trade deficit in goods widens to $80.3 billion in October [CNBC] […]
Your local small businesses need help – buy deliberately local. Covid brings massive changes to norm, will some be “creative destruction”? CARES Act money used for mask enforcement versus help for small business. https://www.govtrack.us/misconduct The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Insider Trading: “Some Animals Are More Equal Than Others” November […]
