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Showing posts from October 7, 2020

Wednesday - Trump is loosing the election

  Yesterday the market was up and down until Trump announced that he won't accept any stimulus package until after the election which resulted in a sell off; more than 1% in major indexes and around 2% in big tech companies. Today, Dow futures and Dollar are up. Gold is under pressure. Oil and Crypto are a bit lower. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump said Tuesday in a tweet. Although the president is being very self centered and only focusing on winning the election, without considering the middle-class and those who have lost their jobs, the fact is that the economy recovery according to  Jerome Powell needs this stimulus ASAP. Since democrats are also pushing for it, we the investors, can be rest assured that it's coming no matter which one of these clowns win the election. Demo...