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Showing posts from December 8, 2020

Tuesday - Stimulus package is awaiting the fall?

 US economy has added the least amount of jobs in 7 month, in Nov. Although there is a chance that nearly 80% of wealthier countries will get the vaccine by end of  2021 and the S&P 500 forecast are encouraging, but we might enter the new year with a lot of pessimism.  The stimulus package seems to be taking so much time to rap up, that I think it might be because a bear market is ahead of us and there is nothing else the Fed can do for this market. So they are keeping the stimulus as the last resort but timing the release to prevent a sudden free fall. Tesla touched record highs again on Mon. They are the most valuable auto maker while the production is a fraction of the likes of Toyota, VW and GM. Still, they have launched their second $5billion share sale this month. Aurora will buy Uber's Advanced Tech. Groups. Let me know what yo think. Keep smiling and stay charitable.