Monday - Trumps' Recovery Lifts The Market

Investors fear over Trump's health are easing while stimulus hope lifts Dow futures and European stocks.  Crud is higher on the Saudi news targeting $50. However, US permanent job losses continue to rise. Chevron acquires Nobel Energy for $5 billion.

Trump is ready to go back to work after being treated with dexamethasone, Gilead Sciences and Regeneron. WHO fears, 1 out of 10 people may have been infected by Covid.

China claims, US bans and India's restrictions on Chinese apps violates WTO regulation. Bitcoin moves slightly higher as SEC chairman praises blockchain. Although Tesla's delivery was higher, stocked tumbled 5%.

Investors are also positioning for the possibility of a Democratic sweep in November's election, and the associated impact that could have on the U.S. deficit. While the 10-year/30-year curve has steepened over 30 basis points so far this year, it remains below the near 81 basis points level it hit in June.

Let me know what you think.

Keep smiling and stay charitable.