$SPY $QQQ Chamath Palihapitiya on Stimulus

Chamath Palihapitiya always impresses me when he speaks. Mr. Palihapitiya is my favorite speaker on CNBC. Mr. Palihapitiya told CNBC this morning, "Unlike other recessions where you don't know where the

$SPY Trader Alert – US Economy Severe Shock

Aug.05 -- “Financial repression is acting as a new form of taxation,” says Paul Donovan, as he discusses the need for austerity measures in the U.S. and how markets are reflecting the coronavirus pandemic. He speaks on “Bloomberg Surveillance.” Source: https://www.youtube.com/watch?v=IJczKAgSJGk

$SPY JPM Economist Consumer Recovery Incomplete

Aug.05 -- Bruce Kasman, chief economist and head of global economic research at JPMorgan, discusses U.S. economic growth and his unemployment outlook for the remainder of the year. He speaks on “Bloomberg Surveillance.” Source: https://www.youtube.com/watch?v=4k4lMbPMj-M

No Sign of Rising Layoffs

Years of strong hiring have reduced layoffs in the U.S. to the lowest level in decades. The number of people who applied for unemployment benefits at the end of August rose

Shipments Weakest Since 2008 Recession

CASS Information Systems reports that shipments fell by -0.8% in July, which is better than the -2% decline that is average for the month. The year-to-date change is now -3.9%