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Market News

Location American Market News for 6 December 2020
Stocks have won big this year, not primarily because earnings went up but because the cost of money went down almost to zero. A repeat in the next decade is almost inconceivable, which means future returns are likely to ...
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Could A Stimulus Bill End The Stock Market Rally? As more signs emerge that the economy is weakening most of the major averages, even the NYSE Composite, made a new high last week. Some technical measures are approaching high-risk levels and Tom Aspray wonders how stock...
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Trump And McConnell Will 'Come On Board' With $908 Billion Stimulus Plan, Sen. Cassidy Says The bipartisan framework already has the support of top Democrats who say it's a good place to start.
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Stocks Laugh at Economic Uncertainty, for Now

Wall Street Journal - 6 Dec 2020 20:00
Three professors' index of economic uncertainty is flashing that the economy and the stock market are out of sync. Is it a Roaring '20s scenario?
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Stocks This Week: Buy Broadcom And Consolidated Edison The S&P is likely to consolidate its gains in the next week.
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Sen. Manchin: 'We Don't Have A Choice' But To Pass $908 Billion Coronavirus Stimulus The clock is ticking for lawmakers to pass new relief legislation (not to mention a federal budget) before the end of the year.
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If companies are going to pursue goals beyond profits, investors should be allowed to weigh in, argue these academics.
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Soured energy bets, a deal with Credit Suisse that left less equity to go around as performance shrank and a rocky succession all contributed to the firm's pullback.
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The 11%-Yielding Industry Nobody Pays Attention To Good news: There is indeed some potential (and dividends) we can squeeze out of this space.
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Soaring Metals Prices Signal Bets on Global Economic Recovery

Wall Street Journal - 6 Dec 2020 12:30
Investors are piling into wagers on industrial metals like copper and nickel, betting that coronavirus vaccines and stimulus programs will drive a boom in manufacturing activity as part of a global economic resurgence.
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Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground.
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Mr. Market Won't Let The Grinch-Like Economy Steal This Christmas! Equity markets are hooked on easy money, and easy money is what the Fed, the Congress, and nearly every politician wants. Someday, economic fundamentals will again mean something.
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