Holiday Market Rally at Hand
Dow futures were up 200 points when checked. The reason – to me, anyway – looks technical rather than fundamental. Because…
- President Trump’s Election Challenge Lawyer – Sidney Powell – has been fired (as some call it) because the “grand conspiracy” got too…well, you know… too too.
- Joe Biden is working on his replacement cast of clowns. Antony Blinken as Sec. State? “Come on Man!” (But with Blinken, prospects of Winken and Nood have improved…)
- Another vaccine breakthrough shows up. Oxford-AstraZeneca shows 70% efficacy. (Spoiler alert: Let’s see how not-yet-pres Biden claims credit for all these vaccines, shall we?)
- The other turkeys will be going in the ovens Wednesday or Thursday which is why we advised last week: Beware Holiday Rallies.
One story – which we have characterized as “Trump’s Scorched Earth” policy, was the move last week by the Treasujry Secretary to effectively “turn off” a lot of the Fed’s CARES Act money.
So as Biden expected to announce Treasury secretary and other Cabinet picks, obviously one of the first moves by [whoever it is] will be to try and get the money turned by on again. But that may not happen until after the market reacts as “free money” comes off the table. We shall see…
Virus Danger Lurks
We continue to watch the mounting numbers and media histrionics ramp. A few CV-headlines du jour:
- Good Brookings piece to be contemplating: Reimagining the global economy for a post-COVID-19 world.
- COVID Deaths Mount In France & The Czech Republic As Lockdowns Fail.
- And, says CNN “Hospitalizations and Covid-19 cases soar as the US enters one of the busiest travel weeks of the year.
Yet, despite the warnings about gatherings, there is some hope out there.
As Stocks and futures gain on AstraZeneca’s vaccine breakthrough. Here are the big winners. Sounds like we will have an assortment to choose from. We’d like a vaccine with pinpoint carbonation, adjuvant free, no disclaimer of liability, and a nice oakey finish, perhaps?
Such are we all driven to drink by this stuff. Try and get any medicine without waivers of liability under the surface… Do docs ever mention that? Would you ever get treatment if you were told “You can’t sue me/us if this kills you or cripples…” Yet that’s the real world.
China Steals Moon
One of the major disappointments of the Trump administration has been a fixation of Trade instead of strategic positioning relative to China.
Sure, we’re not happy with their island-building in the South China Sea, but a few typhoons ought to scuttle those as unsustainable. Patience.
No…what really has us concerned is the Moon.
Not only has China been surveying the Moon, but now we read now China Prepares Moon Probe To Bring Back Lunar Rocks.
The problem of Moon is the problem of Earth: We seem to take our quarrels and differences with us wherever we go…including the Moon.
Even the Antarctic has been contentious. It would be even more so, if anything of value had been found there. So, too, we fear will be the Moon.
Since we’re in the Chinese Century – and Shanghai will replace New York as a financial center, with Hong Kong reprising Chicago – one would have hoped the Trump administration would have been able to play a longer game.
More than a twit-storm seemed beyond their reach.
Speaking of chess – and general American illiteracy at the great game – did you see the story NY Times about how ‘The Queen’s Gambit’ Sends Chess Set Sales Soaring“? I’ve told you about the time I lost to a grandmaster, right? (Yasser Seirawan vs. Ure…while interviewing him about chess, lol,.)
Another sign that America may be coming around to some (sorely needed) international “intellectual catch-up” work is the movie “CRITICAL THINKING.” Absolutely the right message.
(Why Trump can’t be tweeting about these kinds of things…but hey! He’s had to run “The Reactive Presidency” from day one. Thanks to that whole Schiff Show of fake Russian Dossier. As we head into Obama’s (effectively) third term – wanna bet?)
With many people having seen evidence that the Deep State and Big Social have merged, pay attention next to how the Titans of Tech are sucking up to the Biden administration in advance to avoid pejorative legislation.
And speaking of climate, this one IS important: Climate crisis: CO2 hits new record despite Covid-19 lockdowns. If CO2 is up, plants should do splendidly. Mammals? Not so much…
Still, we consider that massive periodic Droughts are a regular feature of “climate” and climate is always changing. But Dust Bowl 2 avoidance seems like a fine plan so in this context go read ‘Will we have water when we need it?’: How Indiana utilities are preparing for climate change.
One Thing Trump Got Right: *(Credit where due) Pulling out of the Paris Accord. Not that we don’t want to be climate-sensitive. But equality among nations matters. Unless you’re Joe and the “Kamunist” provisional govt. “Trump slams global climate agreement Biden intends to rejoin.” Having provisions impact countries unequally (US now, China in 2030) was total Obama sell-out bullshit.
Secretly, we hope Kamala remembers her law school basics (equality under the Law, for example). But no, we’re not holding our breath on that.
The Week Ahead
Treasury auctions today, so pack No Doz. Not much better tomorrow, with little happening till 10 Eastern (no news is good news, though, for market hype).
But Wednesday? Data dense fo show:
- Cporate profits
- International trade
- Weekly joblerss claims
And more. Almost certainly one of those will provide some excurse to unload ahead of the half-session Friday and long weekend overall.
Build a “Holiday Lockdown Kit”
Are you a victim or a leader?
How you structure your holiday reveals a lot about who you are inside.
If you’re a victim, you are susceptible to all kinds of holiday blues:
- Lack of sunshine (vitamin D from Sun exposure)
- Don’t have electronic friendships
- Have no particular goals in life (a workbook on that tomorrow)
- And with these voids comes the temptation to abuse substances as a result…
- In turn leading to higher holiday suicide rates.
6 Legal Lockdown “Escapes”
These come under the heading of legal and mentally transporting. That is, while your physical presence may be “here” you can move into intellectual headspace with great effect. Some options (stock up supplies for the holidays!):
- Change your decor. It’s easy to take a room well out of “ordinary” and into extraordinary. Do a Google image seach for life-size dioramas. Then, simply scroll down. Or, find an old TV show (like the Real McCoy’s) and rebuild the front porch of that as a “movie set.” Or anything in Disney World/Land.
- Buy a challenging a new skill. My present bent is 3D printing and honestly, gotten pretty good at it. Built a site around it here.
- Read useful (non-fiction) books: It’s amazing how quickly you can find a new way to use your hands. Welders, woodworking – lots of tools on Craigslist and OfferUp or eBay. Before you spend, set some goals: “I want to build a George Barris level custom car” will keep you engaged for years.
- Take online classes. There are thousands upon thousands. Honestly, the biggest problem you’ll have is? Figuring out which one or two you are willing to put the work into. MIT OpenCourseWare, Open University, even some of the local community college offerings are worth a look.
- Grow your own food. Even in January, if you have some south-facing windowns and some containers you can get a real head start on a garden.
- Work on Dreams. I enjoy the hell out of a very rich and vivid “dream life.” Entertaining as hell. Last night, had a dream about a low turn-out county fair and got up to find it may have been the one this weekend up in Wisconsin. Star of it was a parapalegic fellow who was a kind of sparkplug that kept everything going. Social distanced eatery, too. Fascinating. Journal ’em, map ’em, learn from them. My best “future touching dreams” come after I’ve been up for a few hours, eat, then crawl back in bed for some serious dreaming…. give it a try.
- Bonus: Explore New Cooking: Again, we all eat something every day., But have you ever looked in the pantry, cupboards, and freezer and asked “What novel new dish could I make from all this?” That’s fun. Best find so far is Baileys and Nutmeg French Toast. Although my rum-soaked chicken breasts in a cream sauce are great, too.
- Bonus. Life Planning – this is the one we deep-dive tomorrow morning.
Totally more useful than nbinge-watching TV series…
On which note…got totally involved Sunday in yard work. Deep-immersion in leaf blowing and tractor work.
Today? We’ve got all kinds of fun ahead but it won’t happen till we finish our coffee here…so….
Write when you get a “round tuit.”
George@Ure.net (in holiday mode: fun-bound!)