Promoting Useful Knowledge

  We’re just in a wait and see pattern. Wait and see if we get stimulus. Wait and see what happens with the election. Wait and see what happens with Google’s new antitrust lawsuit. Wait and see if Bitcoin actually turns the corner it’s looking around right now. This week we start the week waiting on earnings from five of the largest companies in the world. So many markets seem to be like a spring waiting to uncoil. As Tom Petty once wrote, "The Waiting is the Hardest Part." Outside of Earnings this week, we have a couple of events that I’m paying attention to. Robin Hood’s Investor Conference is on Wednesday and Thursday. They have some big names presenting during their virtual format like Larry Kudlow, Cliff Asness, David Einhorn, Ken Griffin, and more. Also, Spartan Energy Acquisition Corp (SPAQ) shareholders are voting on the proposed merger with automaker Fisker. Earnings’ Watch We’re back into the real meat of Earnings’ Season. Over the next two weeks, 60% of the compani...

Last week was filled with newsworthy events, but honestly I’m behind schedule and you’ve probably already read about them and don’t really need my opinions on them. Earnings are the early favorite to be the main story for this week. We also have McAfee (MCFE.O) pricing and GM’s Hummer event. I’ll also have an eye on DraftKings as its IPO lockup period expires on Tuesday. In this week’s post, I decided to make up for my lack of charts last week and bombard you with them this week. Seriously though, there are a lot of things that caught my eye this week and not as many standout podcasts. I do have to say if you’re a fan of Annie Duke, her new book is out this week and she joined a bunch of podcasts to discuss. I shared an interview with her already last month on this topic, but if you liked that, as I do, you can find more from her this week. This week's post  Earnings’ Watch Of the names I was watching last week, performance was mixed. Ally Financial did well after reporting Friday ...

As the Van Halen song goes,  "One step ahead, one step behind me Now you gotta run to get even Make future plans, don't dream about yesterday, hey C'mon turn, turn this thing around" Last week, we lost the great American rocker, Eddie Van Halen. Eddie was a wizard with the guitar. If you're not familiar with his work check out Eruption  and/or Poundcake . This week I'm quoting another Van Halen song, Right Now . It seems when the politicians make progress on stimulus talks, they take a step back. It's time to turn this thing around and get this economy moving in one direction on all fronts. Volatility measured by the VIX was lower last week, but there was a little blip higher when the President tweeted on Tuesday that he wouldn't sign any stimulus bill. Apparently, he didn't like the market's response to that, so he backed off that and by the end of the week doubled down a possible stimulus. US and Canadian markets were scared off and most indi...

  Last week was dominated by COVID news. The President testing positive was the biggest, but also the NFL had to postpone two games and New York City had to shut down schools in nine districts due to an outbreak. The Fed expanded its buyback and capped dividends restrictions for banks. It also approved the Morgan Stanley acquisition of E*Trade. Palantir (PLTR) & Asana (ASAN.K) were two of the most popular new traders last week. The direct listings were just a small piece of the busy week, which we'll highlight below. The Charles Schwab - TD Ameritrade merger will finally go through this week. Beyond Meat (BYND.O) hits Wal-Mart stores this week. This should help boost Q4 sales. Nvidia (NVDA.O) holds an analyst day later today. FED chairman, Jerome Powell, speaks at the National Association for Business Economics Annual Meeting on Tuesday. We have the VP Debate on Wednesday. Let’s be honest though everyone is watching the President’s health and for a possible stimulus package. Ea...