Stocks... Election... ACB Hearings...
- Stock market mixed a bit today. Earnings season is kicking off. JNJ COVID19 vaccine trial halted.
- What’s better for stocks? A blue wave sweep where Biden wins and the Dems take the Senate and keep the House? So says Guggenheim’s Scott Minerd.
- Disney announces that they’re reorganizing and focusing more on streaming! Shares trading about 4% higher as I type.
- It’s Amazon Prime Day! (If you need another Echo Dot).
- The big question for investors, is whether Disney stock will receive a higher PE multiple on the news. I have owned $DIS for a long time, and it has underperformed this year and recently. Hard for travel and vacation related stocks to thrive in a COVID19 world.
- Yesterday, I tuned into the opening remarkds on the ACB hearing for the SCOTUS. I decided not to watch today.
- But I did watch some of the Apple Event on the new iPhone! The latest and the greatest! These things used to be kind of exciting, but it seems like improvements are marginal in the terms of how most of us use the phone.
- I watched “Christopher Robin” on Disney+ recently. (Spoiler: No time travel or world ending plague involved).
- I would think investors prefer gridlock, like we have now. The government is basically at a standstill. No legislation can be passed. Status quo! Full speed ahead!
- The Blue Wave Sweep would happen if the polls are right as of today. Are they?
Source: http://thelearningcurve.blogspot.com/2020/10/stocks-election-acb-hearings.html
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