Wondering what happened this week?

The Bear market of our generation lurched upward as news of the $2T stimulus resounded and the big boys exit their hedge positions (see Pershing Square).

The sky is falling...

Why? Because the S&P might be far from the bottom...

The S&P shed another 15%, closing this week at ~2,300. How far will it go? 

Don't be fooled by Trump's press conference.

This week's sell-off is only the beginning. 

While stupendous volatility has roiled the markets, the S&P was effectively sideways this week, closing this Friday where it opened on Monday.

But uncertainty is high, so much so that Jerry Powell announced a 50 bps rate cut to allay the Street and investors are growing increasingly concerned about the historic Corporate debt bubble.

The end is here! 

And like William Wallace at the Battle of Stirling Bridge, we were ready. The S&P notches its worst week since 2008 as the Coronavirus engenders fear throughout the world.

In more trivial news, Bobby Iger surprises us all and replaces himself.

Coronavirus strikes back, dragging the markets into destruction again, as aggregate output in the US and Japan slinks to a 6 year low. 

Allegedly companies like Apple and Nike are facing supply chain disruptions. Should we be shorting the market every Friday? For Fridays have been the doom of the market. 

SLACK bucks the market as rumors swirl of an impending contract with UBER to support messaging services for its drivers.

WELLS FARGO pays $3B in fines to settle its fake accounts case. Should we be looking at this motha?

At long last, BIDU reports earnings on Thursday, which will reveal the truth of our investment. 

And finally, with Bloomberg jumping into the pit of politics, we take a look at Election odds. And we also ask the question, is Michael Bloomberg creating a revolution in American politics. Will the American Republic now be subject to the will of the Rich beyond counting?

The Markets strike back, posting the biggest weekly gain since June 2019, as the financial elites move on from their angst over Coronavirus. The Long Summer continues with the Fed backstopping markets for eternity. But is there more to this than just the collusion between central banks and elites? 

Element 1: The Information Age is a revolution in economic affairs that creates explosive investment on capital

Element 2: The Information Age began in America and has bred massive technology monopolies like the physical monopolies of the 2nd Industrial revolution

The conclusion: In our lifetime, you can't miss if you invest in a basket of technology stocks over the long term, subject to the political risk that monopolies are broken up.

The S&P falls this week for the first time in living memory. 

Then, we return to the advanced performance metric, Value over Sock, and proclaim the greatest non-founder CEOs of the decade. You won't believe who's #1.

A plague has come to China, sparking a sell-off as fears of global pandemic fulminate. 

We reach back into the annals of history to discuss other plague fueled recessions, including:

-the Black Death of 1347, which ironically, originated in China and came to Europe on the Silk Road, and which led to the greatest recession of all time

-the Spanish Flu of 1918, which arguably contributed to the post World War 1 recession of 1918

-the SARS crisis of 2002-03

Again we discuss the multiplicity of recessions in the late 20th century, and how certain events can tip the scales of panic, as in 2001.

Then we turn to DAVOS! The summit of the elites! The theme of 2020 was CLIMATE CHANGE. Which might explain the irrational rally in TESLA and BYND.

And finally, we discuss Huawei! Despite the neocon conspiracy to bring down the Chinese telecom, the Pentagon intervened on behalf of American companies to stop the mercantilist intervention.

This Week!

The S&P continues its historic run, but there may be sinister hands at work.

And the China Trade Deal at last reaches safe harbor after an endless round of talks. Does it matter? No. Except maybe for BIDU?