Friday - Investors are Holding Back Even on Good Earning News

We are getting closer to the Oct end and corporate earning are out and impressive. However, investors are not impressed and eagerly holding back for the stimulus package. Congress has moved to the next phase in the stimulus talks, and awaiting the "technical language" fixture. 

According to Yahoo Finance: "The Federal Reserve’s balance sheet inched up to a record $7.18 trillion as of Wednesday, with all signs pointing to further growth in the central bank’s portfolio. The Fed’s outright holdings of U.S. Treasuries and mortgage-backed securities added about $25 billion to $6.56 trillion over the last week. Concerns over a slowing economic recovery have pushed the Fed to open the possibility of further ramping up its asset purchases or changing the targets of its asset purchases.".

Remdesivir gets FDA approval and therefore Gilead's stocks surged. Goldman Sachs will pay a foreign bribery penalty and has plead guilty for the first time.

Google's monopoly lawsuit could be a bad news for Apple, because they have been paid $8 to $12 billion a year to use Google's search service as a default that could be stopped.

New York Times revealed an unreported bank account of Trump in China. The same account paid taxes to China. So he has been paying taxes to China not the US? LOL.

Trump probably did worse in last night's debate because first of all he talked about lots of unpopular topics and conspiracy theories which were not useful or in most part even true. I think he wasn't able to approach to voters outside of his base which at this point might not be big enough to win him an election.

Let me know what you think.

Keep smiling and stay charitable.