Written by Gary
Stocks, Gold, Oil, And COVID-Cases Soar, US large caps managed to squeak out a moderate gain on so-so volume (SPY +0.6%). Some analysts say we are near exhausting this bull market.
The Market in Perspective
| Here are the headlines moving the markets. | |
 | Stocks, Gold, Oil, And COVID-Cases SoarStocks, Gold, Oil, And COVID-Cases Soar Tyler Durden Mon, 06/22/2020 – 16:01 Stocks fell Friday on the heels of various virus headlines and Apple’s decision to re-close some stores. Things have got worse in terms of cases and hospitalizations over the weekend (but the median age of positive tests is plummeting as test volumes soar)… |
| Louisiana Extends ‘Phase 2’ For Another Month As COVID-19 Cases, Hospitalizations Soar: Live UpdatesLouisiana Extends ‘Phase 2’ For Another Month As COVID-19 Cases, Hospitalizations Soar: Live Updates Tyler Durden Mon, 06/22/2020 – 15:52 Summary: Louisiana extends ‘Phase 2’ for another four weeks 2 more Trump Campaign staffers test positive Texas Gov says virus spreading at “unacceptable” rate Cali reports another DoD jump in covid cases WHO warns minks have spread virus to humans US deaths pass 120k according to Reuters Boston Fed chief says reopening to early threatens the economic recovery Arizona reports latest covid numbers Florida passes 100k cases Kudlow talks up small biz plan WHO says yesterday saw biggest jump in new cases NYC enters ‘phase 2’ reopening More evidence emerges showing virus hit earlier than previously thought 24 states have “R” above 1 Spain welcomes back tourists UK PM unveils latest step in reopening plan * * * Update (1544ET): In what appears to be the first sign of a state delaying, or at the very least elongating, the process of reopening its economy, Louisiana Gov. John Bel Edwards just announced that his state will remain under ‘Phase 2’ for another 28 days, instead of moving into ‘Phase 3’ at the end of the week. |
| Trump Urges Legislation For Flag Burning To Be Federal Offense With One Year In JailTrump Urges Legislation For Flag Burning To Be Federal Offense With One Year In Jail Tyler Durden Mon, 06/22/2020 – 15:50 President Trump told supporters at his Saturday rally in Tulsa that he wants to make the act of burning the American flag a federal offense punishable by up to one year in prison. œTwo days ago, leftist protesters in Portland, Oregon ripped down a statue of George Washington and wrapped in an American flag, and set the American flag on fire, the president said according to Forbes. While introducing the comments Trump pointed to Oklahoma’s two Republican senators in attendance, Sens. Jim Inhofe and James Lankford, and said: œWe ought to come up with legislation that if you burn the American flag, you go to jail for one year.” |
| Peter Schiff: Are We Close To Exhausting The ‘Bull Market’ In Stocks?Peter Schiff: Are We Close To Exhausting The ‘Bull Market’ In Stocks? Tyler Durden Mon, 06/22/2020 – 15:35 Via SchiffGold.com, On Friday, the Dow Jones was up around 400 points early in the day, but closed down just over 200 points. Meanwhile, gold had a solid rally that held up. The yellow metal was up about $20 on the day. |
| What India can do to lower its import dependency on ChinaWhat India can do to lower its import dependency on ChinaAcuite said that India can cut imports in sectors like chemical where it is the world’s 6th largest manufacturer. |
| Economic recovery won’t be as ‘V’ expectedEconomic recovery won’t be as ‘V’ expectedIndia’s economic recovery is more likely to be a ‘U’ or ‘W’ shaped rather than ‘V’, analysts said. |
| Can India become the world’s big factory?Can India become the world’s big factory? ‹ ‹ Attracting GSCs to India is actually very hard work, without having any attractive catchphrase. |
| The Margin: Here are 9 hand sanitizers that the FDA warns can be toxic if absorbed by the bodyThe Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. |
| Stocks are heading toward a bearish pattern ” this move could turn it aroundPlus, many recent studies suggest short-term weakness. |
| Here’s the secret sauce to handle the stock market’s election and virus fearsProper risk management ” of which there are at least 12 examples ” should be high on investors’ list. |
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