The Tim McGraw, “I Like It, I Love It” Stock Market (and Sentiment Results)…

This week I chose Country Legend Tim McGraw’s song, “I Like It, I Love It” to embody the current sentiment of the Stock Market.  While anyone who has been around knows – it can change on a dime – right now, market participants are enjoying the ride and singing along:

But I like it, I love it, I want some more of it
I try so hard, I can’t rise above it… Continue reading “The Tim McGraw, “I Like It, I Love It” Stock Market (and Sentiment Results)…”

Be in the know. 15 key reads for Wednesday…

  1. Warren Buffett plows another $337 million into Bank of America, boosting his stake to nearly 12%. (Business Insider)
  2. Forget Spas and Bars. Hotels Tout Housekeeping to Lure Back Travelers. (New York Times)
  3. Disney, Staggered by Pandemic, Sees a Streaming Boom (New York Times)
  4. U.S. and China Will Meet to Discuss Compliance With Trade Agreement (Barron’s)
  5. Treasury yields inch higher as eurozone retail sales returns to pre-crisis levels (MarketWatch)
  6. Winners and Losers Are Emerging in Airline Stocks (Barron’s)
  7. America’s Trade Gap Narrowed in June for First Time in Four Months (Bloomberg)
  8. J&J reaches deal with U.S. for 100 million doses of coronavirus vaccine (CNBC)
  9. The Fed is expected to make a major commitment to ramping up inflation soon (CNBC)
  10.  Isaias causes 2nd-largest power outage in ConEd history: How long recovery may take (Fox Business)
  11. Fed Vice Chair Clarida still sees the economy staging a comeback this year (CNBC)
  12. David Einhorn Is Making a Big New Bet. (Institutional Investor)
  13. Wells Fargo to cut consultancy spend after internal backlash (Financial Times)
  14. Novavax Says Coronavirus Vaccine Generated ‘Robust Antibody Responses’ In Phase 1 Trial Participants (Benzinga)
  15. Covid-19 Researchers Hope Monoclonal Antibody Treatments Are a Bridge to Vaccine (Wall Street Journal)

Be in the know. 13 key reads for Tuesday…

  1. U.S. Counts Smallest Daily Rise in Coronavirus Cases in Weeks (Wall Street Journal)
  2. Pelosi, Mnuchin Signal First Glimmer of Progress on Stimulus (Bloomberg)
  3. Trump says U.S. may have coronavirus vaccine ‘far in advance’ of end of the year (CNBC)
  4. Bets Against U.S. Dollar Assume Early Virus Vaccine, BofA Says (Bloomberg)
  5. Ex-Trader Stephen Diggle Bets Big on Oxford’s Tiny Vaccine Maker (Bloomberg)
  6. Warren Buffett’s Berkshire Hathaway is allowed to double its Bank of America stake to almost 25%. (Business Insider)
  7. Trump Suggests He Could Suspend Payroll Tax by Executive Order (Barron’s)
  8. Gilead Will Get a Boost From Covid-Treatment Sales, Citi Says (Barron’s)
  9. FAA Formally Proposes Fixes for Return of Boeing’s 737 MAX Jets (Wall Street Journal)
  10. China only fulfils 5% of Sino-U.S. energy trade deal in first half of 2020 (Reuters)
  11. Hedge funds scour alternative data for edge on Covid and economy (Financial Times)
  12. Here’s what history tells us about U.S. stocks in a close election race and why the polls matter, Deutsche Bank says (MarketWatch)
  13. Google Pixel 4a Review: Why Spend $1,000 When You Can Spend $349? (Wall Street Journal)