Like any hangover, this market needs some patience. More corrections are needed at this stage. The Fed warned more stimulus is needed to push US equities and therefore we experienced 8 weeks low; erasing earlier gains and ending an advance that began on Tuesday. Jobless claims comes more than expected. This time of the month is week and I think Fed will have to jump in again which we'll see the bullish trend. Apple Inc dropped more than 4% in the afternoon, dragging the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite along with it. Tech-heavy Nasdaq is down nearly 10% for the month. Dollar is now testing resistance at its 50-day moving average as investors seek a haven from the recent volatility in risk assets. A close above the key level could point the way toward further gains, especially in the options market. Johnson & Johnson begins the biggest U.S. trial of a one-shot Covid-19 vaccine as global deaths close in on 1 million. TikTok faces a deadline this wee...

The virus has begun spreading among the old again. Banks fall under presure because more than $2 trillion worth of transactions were flagged as possible money laundering. Pompeo announces snapback sacrions on Iran while other nations question it after US exited the nuclear accord. Bloomberg Adam Haigh reported "The latest CFTC data, released Friday, showed how speculative positioning in Nasdaq e-mini futures has climbed to the most bearish level since 2008". The Dollar weakening seems to be going on for a while since the Fed announced that they will be exceeding the 2% inflation target. However, the trends in the ten year yield shows no fear in investing money into the stock market. Although the economy is in the worst shape in the past decade, and the pressure is going to be on the middle-class, the stock market is near all time highs and probably will surpass that in Oct. Airlines got a $25 billion bail out in the first round and the second round seems to be coming soon. Th...

The market doesn't always go up smoothly. This month has been volatile and it could go on for a while. Main US indexes finished slightly lower on Fri and dollar was about flat. Crude and crypto were a bit under pressure.  US Farmers had their third bail out ($14 billion). The funny thing about it is that China has major farm lands in US; so much for the China deal! As long as federal reserve keeps printing, this paradigm will get applied to other industries too; i.e. airlines. Trump blesses Oracle's TikTok, leaving Microsoft a looser. Snowflake IPO doubled this week; for those who could get on the initial deal though, not us. I think we should wait a bit for SNOW to drop before riding it. Similar case for Unity Software Inc (U).  Biden's chances for a 2021 presidency is growing; currently ahead of the Donald. Saudi building the city of future, the Neom.  Let me know what you think. Keep smiling and stay charitable.