Nothing New Today
The Stimulus game continues. See Friday’s comments. Trump, Mnuchin, and Pelosi do the good cop thing, McConnell and the Republicans do the bad cop thing.
As the election appears to be continuing to move to the Democrats side, the desire by the Republicans to destroy the economy increases. This will really accelerate if as it appears now, McConnell could lose.
In the meantime more people are dying from COVID.
S&P is trying to hold above 3360 and Nasdaq 100 above 11,080. If these levels are breached we will see a October 1987 kind of move.