Good News Wednesday, there is so much good news that I don't know where to start. The Dow was up but the NASDAQ hit an all time high, the 21st of this year. The NASDAQ has been up 16 of the last 18 days the best streak since 1999.
New home sales were up 16.6% week over week and 12.7% year over year. New home sales were unfazed by the virus.
Gold is at an 8 year high.
But not all is rosy I have some other numbers too.

Tuesday, stocks were up yesterday after a negative start. There wasn't much news, existing home sales dropped, Chicago National activity moved back into positive territory.
What happens if you own a stock or any traded investment and it is delisted from the exchanges?
There is a coin shortage, what's with that?
Good news for the economy, demand for raw material is picking up.

Monday, stocks slipped Friday as investors attention was focused elsewhere. The attached article is a good explanation of the risk and rewards of the stock market.
The slowly opening economy is causing people to breath a little easier. Most are eager to get on with their lives.
There are bottle necks in the economy and the challenge today is to work through those constraints because on the other side is normal life.

Saturday I posted an article titled "All Remains Sane and Calm Out Here in Rural America". It offers a good perspective on the turmoil in the Country today.
Last, Ohio is trying to claw back unemployment benefits.
wspd @6:35

Friday, yesterday was a quiet day for stocks but I found two very interesting articles for your enjoyment.
The first is an interview with Jeremy Grantham, if you don't know who Jeremy Grantham is you should not be managing your own investments. A quote from the article:
"The Covid-19 pandemic “should have generated enhanced respect for risk and it hasn’t. It has caused quite the reverse,” Grantham told the Financial Times. He noted that trailing price-earnings multiples in the US stock market were “in the top 10 per cent of its history” while the US economy “is in its worst 10 per cent, perhaps even the worst 1 per cent”, echoing what he said in his quarterly letter.

The second article is from Reuters and tells the story of where the 'big boys' are investing. Even if you don't agree it is worth knowing where they are putting their money.

Earlier this week I spoke about a young investor using the app Robinhood who after thinking he had lost and owed $700,000 more than his investment committed suicide. An article on CNBC now indicates he may not have understood his statement and in fact may have owed nothing.
The exciting news this weekend will be the Trump rally in Tulsa and the events surrounding the rally. The Tulsa Mayor and Police are expecting problems.

WSPD @6:35 Fred LeFebvre Ben Treece NewsRadio 1370 WSPD & now on 92.9-fm Treece Investment Advisory Corp.

Thursday, stocks slipped slightly yesterday. News was on the light side but on the whole was good.
Mortgage applications, housing starts and permits were all up.
J&B Medical is going to open a new distribution facility in Toledo.
Finally some sanity, bankrupt Hertz new stock sale is on hold.
A question, is the world a darker and more dangerous place today or thanks to social media are we just more exposed to all that is happening? Asking for a friend.
wspd@6:35 Fred LeFebvre Ben Treece NewsRadio 1370 WSPD & now on 92.9-fm Treece Investment Advisory Corp.

Good news Wednesday, Fred was in charge of the stock market yesterday and he came through. Stocks rose as consumers shopped.
Dock took a short trip across a portion of the country yesterday and he gives his take on the current economy.
Another article of not knowing what you don't know, https://www.marketwatch.com/…/finance-isnt-worth-losing-you…
How to lose $700,000 and your life.

wspd@6:35 Fred LeFebvre Ben Treece NewsRadio 1370 WSPD & now on 92.9-fm Treece Investment Advisory Corp.

Monday, stocks bounced higher Friday after Thursday's sell-off. But futures this morning are indicating no follow through from Friday's gain.
Employee tracking technology may be the worst nightmare for cities' tax income.
Consumer Sentiment was higher Friday but fears for the future remain. A quote from the attached article, " Yet consumers are still wary that a second wave of infections could once again throw the economy into turmoil.
“Bad times financially in the economy as a whole during the year ahead were still expected by two-thirds of all consumers, and a renewed downturn was anticipated by nearly half over the longer term. The most often cited cause of a renewed downturn is a resurgence in the spread of the coronavirus,” Curtin said.
Gambling or investing? What's the difference?
wspd @6:35 Fred LeFebvre Ben Treece NewsRadio 1370 WSPD & now on 92.9-fm Treece Investment Advisory Corp.

Friday, the delayed response to the Federal Reserve announcement was a shocker. Stocks gave back a couple of weeks of gains in one day.
There is currently a great divide between economic reports and stocks' reaction. The question is, are stocks looking over the valley or ignoring reality? Time will tell.
Delta said second quarter revenue collapsed 90% year over year. TSA checkpoint crossings are down 86% year over year. Friends in the travel industry tell me that tourist business is picking up but business travel is not.
New jobless claims continue to decline but continuing claims are still above 20 million.
A Wall Street Journal says that the N.Y. response to the coronavirus pandemic made it worse.
A quote from the attached article, “The upswing has already begun, although full recovery will take time,” said Lynn Reaser of Point Loma Nazarene University, a former chief economist at Bank of America Corp.
My question is, 'how long'?

Thursday, nothing else matters when the Federal Reserve Chairman speaks. Unfortunately stocks didn't like what he said. Is the old Wall Street saying still true "don't fight the FED"?
Mortgage rates rose again. I actually saw an ad from a bank saying real estate investing is safer than stocks.
Good news there is no inflation, if you don't need housing or food.
Government debt, how fast is it growing?
Quote from the article, "Mr. Powell said it was possible millions of people wouldn’t go back to their old job or their prior industry, given the potential for reduced demand for goods or services that require increased human contact."

Good news Wednesday, but not from stocks. After 6 up days the DOW dropped yesterday. But there is good news to celebrate. The attached article identifies 2 new auto supply companies coming to NWO. One is locating in B.G. and one in Oregon with a combined total of 150 new jobs.
Two follow up articles, first day traders are back reminding me of the 2000 dot com bubble: