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Showing posts from October 29, 2020

Thursday - Is there really going to be another stimulus any time soon?

Today equities are finding some support with a small reversal since yesterday's sell off. S&P closed 3.5% in the red zone. Other markets slipped too, including Oil, Gold and Bitcoin. The main reason for the panic was due to higher number of covid cases across the glob, with Europe planning on another shut down. European shares rise today ahead of the Central Bank conference with a hope of a stimulus, after hitting a 5 month low yesterday. Bureau of economic growth will publish the first estimate of the third quarter growth, and the historical figures can be another turning point in the market today. This is while the jobless claims this week is expected to be slightly lower. Marvel Tech is planning to acquire Inphi Corp, that specializes in semiconductor pieces, for $10 billion. After a 25% jump in Pinterest's shares last week, they are another 30% up today in the pre-market based of their revenue boom from advertising. Investors are buying the dips as if they are sure that...