The U.S. presidential election is days away and the stock market is in freefall. But there’s one little-discussed outcome that could be very good for the S&P 500. No, it’s not a so-called Blue Wave, with Joe Biden winning the presidency and Democrats taking the Senate. Nor is it a Donald Trump victory, with the Senate remaining in Republican hands. But what if Donald Trump wins reelection and Congress goes to the Democrats? That could be very good news for the stock market, explains BTIG strategist Julian Emanuel. The catalyst for a higher S&P 500 will almost certainly be more stimulus. Emanuel notes that a package nearing $3 trillion would boost industrials thanks to increased infrastructure spending. Financials, too, could rise if the yield curve steepened thanks to a supportive Federal Reserve and progress with the coronavirus. That would be a recipe for the S&P 500 hitting 4000, Emanuel says. The path to such a massive stimulus program is clear. The Democrats want stimulus, the president wants stimulus—and has even said he wants more than the $2.2 trillion House Speaker Nancy Pelosi has been proposing—but Senate Republicans have been reluctant to go much beyond $500 billion. A Trump presidency and a Democratic Congress could clear the way. Now, the odds don’t favor such an outcome. And there’s always a chance that Democrats refuse to work with President Trump. But it’s not impossible, Emanuel says. “In 2020, the rapid change from ‘Impossible’ to ‘Base Case’ has been an economic, social, political and asset market constant,” he writes. “While this is clearly the lowest probability Election outcome, a Democratic House and Senate and a second Trump term could be very positive for markets.” With the S&P 500 down 2.9% at 3293.66 today, that would leave 21% upside to 4000. With current 2021 earnings forecasts of $165.25 a share, the index would be trading at around 24 times earnings, up from the current 19.9 times. Nick Note: I see the mother of all stimulus coming. And I see the greatest vaccine roll out in history and i see a HAMUGAS stock market rally. We have to be careful and make sure we can get to the land of milk and honey.
Bond King” billionaire Jeffrey Gundlach predicts Trump win
‘When I said that I think Trump is going to win in 2016, I also said that, if you think 2016 is weird, just wait for 2020. Well, if you think 2020 is weird, just wait until 2024. You ain’t seen nothing yet.’
The stock market’s ‘presidential predictor’ is forecasting a Biden victory
Trump changes election night plans, cancels party at Trump International: report
US sees record 88,521 new daily virus cases
The U.S. has reported a record-breaking number of new coronavirus cases, continuing an alarming surge and stoking concerns from health experts that the nation could be in for a difficult winter. The country reported 83,757 new Covid-19 cases on Friday, passing the last record of roughly 77,300 cases seen on July 16 as the U.S. grappled with outbreaks in Sun Belt states, according to data compiled by Johns Hopkins University. On Saturday, the U.S. reported another 83,718 new coronavirus cases. “I think we’re in for a very hard stretch here,” Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, told CNBC on Friday evening. “I think the winter is going to be very difficult.”

Coronavirus cases grew by 5% or more over the past week in 37 states as of Friday, according to a CNBC analysis of Johns Hopkins data that uses a weekly average to smooth out fluctuations in daily reporting. Some states, like California and Alabama, have been working through a backlog of tests that were added to Friday’s count, pushing the nation’s total higher, according to their data dashboards. However, the nation is now reporting roughly 63,200 daily new cases based on a weekly average, a more than 14% increase compared with a week ago. While Covid-19 testing is up nearly 13% from Oct. 1, new cases have risen at a much faster rate. The seven-day average of new infections is up 51% over that same period, according to Johns Hopkins data. “I think we’re going to bear a lot more infection … and the health-care system is going to have to bear the brunt of this burden, because I don’t think you have the popular will for stay-at-home orders or broad mitigation,” Gottlieb said, adding that the virus’ spread would slow “if everyone would just wear masks.” The recent surge is a “distressing trend” that is likely due to “smaller, more intimate gatherings of family, friends and neighbors” that are moving indoors as the weather cools, Jay Butler, the U.S. Centers for Disease Control and Prevention’s deputy director for infectious diseases, told reporters on a conference call Wednesday. The outbreaks are building throughout the country with particular areas of concern in the Midwest, Butler said. As of Friday, North Dakota, South Dakota, Montana and Wisconsin continue to report the highest number of new cases per capita.

The increase in cases in several states are leading to more hospitalizations and will ultimately lead to more deaths, White House coronavirus advisor Dr. Anthony Fauci told MSNBC’s Chuck Todd on Friday. Thirteen states reached record high hospitalizations on Friday, based on a weekly average. Many of them are in the West and Midwest, including Iowa, Montana, North Dakota, Nebraska, Ohio, Oklahoma, South Dakota, Utah, Wisconsin and Wyoming, according to a CNBC analysis of Covid Tracking Project data. Coronavirus deaths have remained relatively flat in the U.S., though health experts warn fatalities typically lag infections by a few weeks. “When you enter the season of the cooler months of the fall and the colder months of the winter, where a lot of activity, out of necessity, is going to be inside as opposed to outside, that’s a difficult and challenging situation to be in because you have a couple of factors against you,” Fauci said.

Germany adds record 18,681 COVID cases, 77 deaths
As Election Day nears, Trump ponders the prospect of defeat
Continue reading “As Election Day nears, Trump ponders the prospect of defeat”
US Q3 GDP growth at all-time high of 33.1%
The U.S. economy grew at its fastest rate since records began in the third quarter, reversing much – but by no means all – of the output lost in the second quarter under the impact of the coronavirus pandemic. The Commerce Department said gross domestic product grew at an annualized 33.1% in the quarter, after contracting by 31% in the second quarter. Analysts had expected an expansion of 31.9%. U.S. stock futures turned positive on the news, with the Dow 30 futures contract rising 110 points in response, erasing earlier losses for the session. The dollar also strengthened to $1.1706 against the euro, albeit the latter was hit by the European Central Bank signaling after its council meeting that it will likely ease monetary policy again in December. The figures, while spectacular, are essentially backward-looking and exaggerated by the habit of annualizing GDP data. They reflect the reopening of many businesses in the summer after government-mandated stay-at-home orders had crippled both manufacturing and services output in the spring. “The general population judge living standards by their personal experience, not abstract concepts,” said Paul Donovan, chief economist with UBS Global Wealth Management, in a morning podcast. An arguably better indication of current developments in the economy came from the weekly jobless claims numbers, which were released at the same time. Initial claims for jobless benefits fell by more than expected to their lowest since March, at 751,000, while continuing claims fell to 7.756 million. Nick Note: you cannot fall off the basement floor. It is obvious the masses will not tolerate another total national lock down. And its not the way to do it. Isolate the outbreaks, practice contact tracing. You cannot preform brain surgery with a machete. Reality is high risk people like baby boomers need to isolate as much as possible. And lose the toilet paper masks. Go to a nanofilter and you go a long way to protecting yourself. Disinfect and Filter you in house air with a clean room, biolab filter system. As a point in fact we have the technology to turn your forced air system into a viral filter. And if you do not have forced air we will soon be introducing room air filter systems. We are negotiating with manufactures as we speak…..
All French regions placed on high virus alert – Macron
In a stark TV address to the nation, the French President warned: “The virus is circulating in France at a speed that even the most pessimistic forecasts had not anticipated.”We are all overwhelmed by a second wave which we know will arguably be tougher and more deadly than the first.”The new lockdown, which will run until December 1, will be reviewed every two weeks. It comes after 527 more deaths were recorded yesterday in France, the highest daily death toll since April, with 33,417 new confirmed cases in 24 hours. Under France’s new measures visits to care homes – which were banned during the country’s previous two-month lockdown – will still be allowed.
The virus is circulating in France at a speed that even the most pessimistic forecasts had not anticipated Emmanuel Macron
Mr Macron added: “If we do not put a brutal brake on contamination today, our hospitals will quickly become overwhelmed.”We will never let hundreds of thousands of our fellow citizens die. These are not our values.” Meanwhile, the EU’s top adviser on the pandemic warned most of the continent will have to go back into some form of lockdown. Professor Peter Piot said people had “relaxed too much” on social distancing measures like mask wearing and now “we’re paying a high price”.
And he warned if current restrictions are eased too soon Europe may face “a third wave with maybe even more deaths”. It comes as another 310 Brits were reported today to have died from coronavirus, as deaths double in just a fortnight. Brussels boss Ursula von der Leyen admitted Christmas will be “different” but said “a lot depends on behaviour from each individual in the next few weeks”. Mrs Merkel signed off on a second lockdown for all of November after an emergency meeting with state premiers from across Germany. She admitted: “We are now at a point where, on average nationally, we no longer know where 75 per cent of infections come from.”
We are now at a point where, on average nationally, we no longer know where 75 per cent of infections come from Angela Merkel
Under the measures, due to come in on Monday morning, people will be restricted to meeting members of just one other household in public. Bars, restaurants, gyms, and cultural venues will be ordered to close and hotels can only stay open for non-tourism related stays. Schools and nurseries will be allowed to stay open as will shops so long as they impose hygiene measures and limit customer numbers. The plan says: “Families and friends should be able to meet each other even under Corona conditions during the Christmas season.” In France, Mr Macron ordered bars, restaurants, and secondary schools to shutter as of midnight on Thursday. In France, schools and key public services were given a reprieve after doctors warned hospitals are just days from being overrun. Europe is being ravaged by a second wave of the virus that experts are warning will be worse than the first. Authorities in Belgium, which has the highest case rate in the EU, are also eyeing a second national lockdown as early as this weekend. Nick Note: This is getting more serious then a incubation tube down your throat hooked up to a ventilator. You heard about girls gone wild. In this case its the coronavirus gone wild. As in out of control….
Nick Bit: This guy in the video is a liberal PC lefty. All I got to say to the indigenous people everywhere is this. If you can’t defend you land you can’t keep it. So get over it. That is how the world works. I am not apologizing for nothing….
In the waning days of a bitterly partisan presidential election amid a global pandemic, there appears to be some significant distance between President Donald Trump and the nation’s top epidemiologist Dr. Anthony Fauci over the national outlook for dealing with Covid-19. According to almost all topic-centric polls, the coronavirus—and how the federal government has handled it—is the most important issue for voters. But while Trump continually says that we’ve “turned the corner” on the potentially deadly contagion that has caused over 220,00 American deaths, Dr. Fauci tells a much more ominous story. In a teleconference interview with the University of Melbourne Professor Shitij Kapur, Dr. Fauci told his mostly Australian audience “I think it will be easily by the end of 2021 and perhaps into the next year before we start having some semblance of normality.” The Director of the National Institute of Allergy and Infectious Diseases in the US, Dr. Fauci was taking part in a new series, Conversations on COVID-19: The Global View. He continued by explaining the term normality, saying “If normal means you can get people in a theatre without worrying about what we call congregate-setting superinfections if we can get restaurants to open almost at full capacity.” President Trump has repeatedly bragged to anyone who asks, but lately mostly political rally-goers, that his administration’s response has been strong, even telling Eric Bolling that there is “not much” he would do differently in the federal government response to the global pandemic. Per capita, however, the United States response in terms of infections and mortality rate has been far from ideal. Dr. Fauci eventually lauded Australia’s response to the pandemic, saying “Australia is one of the countries that has done quite well. New Zealand has done well. I would like to say the same for the US, but the numbers speak for themselves. We’ve had 8.7 million infections, 225,000 deaths, and we are… getting worse and worse.” Nick Note: As i warned you this is not over by a long shot…. And face facts the kill the cats cures are useless. You better get smart, take control and protect yourself…..


