Monday, one more day!! Stock were down Friday but a late day rally prevented what could have been a much worst decline.
Will N.Y.City ever recover? The attached article may cause you to question its ability to come back. N.Y. City has lost population equivalent to Toledo's total population.
The 5 stocks that have carried the S&P Index higher this year are all under public and legal pressure.
In an interview the President gave a very 'fractured' description of fracking. Here is a brief description, "Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well."

Friday, stocks ended on the plus side yesterday after a wild ride during trading.
The big news was the GDP report. It was higher than expected at 33.1% annual growth rate. Unemployment claims also dropped again.
I chose the attached from CNN because it shows that no matter how good the news they put a negative spin on it.
https://www.cnn.com/.../economy-gdp-jobs-covid/index.html
Changes are coming in the retirement savings space no matter who is elected. This article highlights the risk in making long term decisions in a shifting environment.
https://www.wsj.com/.../bipartisan-retirement-bill-offers...

Thursday, stocks were hammered yesterday but auto manufacturing and sales were strong. Was David Einhorn correct?
Ohio to return $5 Billion to companies from the Bureau of Workers' Compensation unemployment fund. If the State has money to return they are collecting too much.
Ford and FCA report sales, profit and prices are up but the stock prices dropped.
It is unwise to equate economic conditions to stock prices.

Good news Wednesday but certainly not from stocks. Stocks dropped over 200 points yesterday even though the news was positive. Political concern was most likely the reason..
I received a letter from a listener posing the question, which is better for stocks a democratic or republican President ?
We have talked about lower travel numbers impact of airlines. What about airports?
The attached article is interesting for one reason the subject identifies the top of the stock market. Is he right?

Tuesday, stocks were hammered yesterday but a partial recovery late in the day lifted them off the low.
The economy continues to improve but the attached article identifies one of the largest dangers for investors. The bond market is much larger than the stock markets and has the capacity to hurt risk adverse investors.
Good news locally about a new company (to Toledo) shopping for a site to build a new facility.

Monday, stock markets were mixed Friday. And that seems to be the state of the country and the economy, mixed.
Guess what I learned at the auction I attended last week? "insanity is contagious".
Building or remodeling a home? Don't dispose of you old appliances until the new ones arrive. That is one lesson from the attached article, the other lesson is shortages result in higher prices.
GDP estimates are out Thursday, I have some predictions.
Without anyone noticing (except me) 10 year Treasury rates are creeping up. Mortgage rates are priced off the 10 year Treasury.

Friday, one day closer to election day. Stocks were up yesterday but the big news was in the reports. Jobless claims, existing home sales and improving economic reports will have a much larger influence on voters than any debate.
From the attached article, "New applications for unemployment benefits so far this month fell to the lowest levels since the corona virus pandemic shut many businesses in March, a sign of improvement for the U.S. economy."
This article is an indication of how strong the housing market is, https://www.breitbart.com/…/flight-from-the-cities-existin…/

Thursday, stocks slipped but the market is waiting for earnings and the election. The DOW has been in a trading range since August.
A view from the breakfast club. A first hand look at the local real estate market.
From the article, "The report found that the recovery was proceeding on separate tracks, with the manufacturing, residential housing and banking industries reporting steady growth, while consumer spending and commercial real estate remained weak. For instance, home builders in the Dallas region said high demand had produced backlogs of work and raised prices. Workers and supplies—particularly appliances and windows—were in short supply."

Good news Wednesday, stocks up, GM investing and expanding and jobs everywhere. According to the attached WSJ article. " Home-mortgage firms, financial-service companies and tech outfits are advertising thousands of jobs". https://www.wsj.com/…/millions-of-jobs-have-been-lost-but-h…

GM announced yesterday they are investing $150 million in 5 Michigan plants and $2 billion in a Tennessee plant to build electric vehicles.

Tuesday, stocks were down yesterday. While the number looks big the percentage was small.
The only two stories worth talking about were both old stories with new information.
The first story I posted to my page yesterday, it is about apprenticeships being the opportunity for a middle class life for young people. Unfortunately college with the associated debt and in some cases useless degrees put students behind the curve while an apprenticeship puts a young person on the road to a comfortable life. Spoiler alert, you have to be willing to work.
The second worthwhile story is the housing market. The pandemic has changed opinions about city living and that is driving demand for suburban housing. Cities will face major depopulation challenges. That in turn will shift political power.