All US Indices up big as Bernie Sanders dropped out of the Presidential race. The Dow and S&P led the way up around 3.5%. The Nasdaq lagged a little bit still up 2.6%.

28 of 30 Dow components up. Walmart and Disney only slightly down.

All 11 sectors of the S&P finished in the green.

Yesterday Dow was up 900 the back to 0, why?

Dow futures up around 200 points as of 8:30 AM EST.  Asian markets were mixed.  European markets down around 1%.  

FOMC Minutes at 2PM.

Some good news...Baseball may be coming back May 1 and Dr. Fauci says kids maybe back in school in the Fall!

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Huge gap up again for the Dow and US Indices, but we have to be careful here. During the 10 minute taping of this episode, the Dow started to fall back to Earth.

Asian and European markets up again. Crude up 1% (as of 9:45AM EST).

Wait for Jobless Claims number on Thursday for a true indicator of how we are doing.

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Dow Futures up big - 800 points on news that curve might be flattening. Optimism about treatments.

Asian markets up around 4%

Crude down 3-4%

No major economic news for Monday.

In this episode we argue whether or not this 800 point jump is sustainable or not...does it have a backbone? Are we out of the water?

Comments from Dr. Scott Gottlieb (former FDA Commissioner.

Thanks for listening!

Jobs reports out today:

701,000 jobs lost in March

4.4% unemployment rate

Per Goldman Analysts, this is just the official report and is not indicative of the actuals (since 10 million people filed for unemployment over the past 2 weeks)

Unemployment % going to anywhere between 10-20% before this is all said and done.

Bank of America becomes first bank open for small business loan applications.

Stay safe, stay home, and have a good weekend!

Reaction to new jobless claims. 6.64m vs. 3.1m. More than double and easily the most in history.

Markets now responding lower but choppy. Stay tuned and stay safe!

US markets up slightly after the open. US Coronavirus cases rising and we haven’t peaked yet.

Mandated shutdowns. Stay-at-Home and social distancing.

All about the tests and vaccines at this point. Record timing for getting some of it approved.

Goldman reduces Q2 GDP guidance to -34% (whoa), but Q3 was raised to +19%.

Wow.  Jaw nearly hit the floor. 3.2m vs 1.5m estimates

Dow Jones up over 2,100 points. Back above 20,000, and the best day for US stock markets in 87 years.

Lots of optimism about the Stimulus Package that should be approved (hopefully) tomorrow.

Monday, March 23, 2020

We have 2 crises to fight...Health and economic.