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Showing posts from October 23, 2020

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 laws...