Market Weekly: June 14 – 20 2020

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    [color=purple][i][b]Where have we been and where are we … wishing all a safe & good week ahead
    And take advantage of the LONGEST daylight days of year … I will be planting all next week
    as got 5 dozen great tomato plants + other plants in 2020 close out sale — so will be planting all week
    and prayers for our nation, leaders, etc. to get on better footing for the good of everyone
    Everyone matters or otherwise our civilization would have been destroyed years ago :)[/b][/i][/color]



    [i][color=purple][b]after a great church service today — my hope things can go better in 2nd half of 2020 including:
    (1) COVID-19 containment (2) end of “Civil War of 2020” (3) economic rebound

    as reflected in favorite song below …. may peace & love & tolerance grow
    May we have another “summer of LOVE” … well maybe not like 1967 – lol
    as like Rome our nation can “fall from within” … still beyond media there are positives
    many in USA have sacrificially stepped up for greater good & we are the USA 8)

    May unity, love, peace, gardens, and baby fawns GROW in days ahead 8)[/b][/color][/i]



    [size=5][i]Good Monday morning to all … Futures have been falling sharply
    as Rain today in SW Virginia[/color] is [color=green”>good planting weather for Tomatoes, squash, & cukes[/i][/size] 8)


    [color=teal][size=5][b]RALLY TIME — as bumbles bounce & STOCKS going from deep RED to GREEN
    Do not fight the FED — as they are providing SWEET FEED to the WALL ST BULLS
    with a few M&Ms thrown in – markets are on a SUGAR HIGH lol[/b][/size][/color] 😉


    [i]A+ on WEST POINT address — from what I heard so far is excellent
    and certainly not favor everything — but law & order is a basic civilization requirement
    or at least verses “CHAZ” in Seattle & “BLM Plaza on Layette ST in District of crime
    and many other popularly promoted alternatives out there – lol[/i]


    [size=5][color=green][b]Dow 25,763.16 157.62 0.62%
    S&P 500 3,066.59 25.28 0.83%
    Nasdaq 9,726.02 137.21 1.43%
    GlobalDow 2,796.48 -2.82 -0.10%
    Gold 1,733.90 -3.40 -0.20%
    Oil 37.10 0.84 [/b][/color][/size]


    Stock Futures #ES_F Soar After Close:

    1. US Commerce Depart says US firms can work with #Huawei on #5G
    2. Fed expands main street lending program to provide credit access for non profits
    3. Trump considering further 1tln economic infrastructure stimulus update


    US May advance retail sales +17.7% v +8.4% expected
    Prior -16.4% (revised to -14.7%)

    Ex autos and gas +12.4% vs +5.5% expected
    Prior ex autos and gas -16.2% (revised to -14.4%)
    Ex autos +12.4% vs +5.1% expected
    Control group 11.0% vs +5.2% expected
    Prior control group -15.3% (revised to -12.4%)
    Sales y/y -6.08% vs –19.9% prior

    Covid Affect:

    Biggest increases were seen in sales of clothing and footwear (188 percent); furniture (89.7 percent); sporting goods, hobby, musical instrument, & book stores (88.2 percent); electronics and appliances (50.5 percent); motor vehicles (44.1 percent); and gasoline stations (12.8 percent).

    Restaurants are still struggling but building material & garden centers surge along with online (non-store sales).

    Super Harley

    White House in the discussions on 4th stimulus

    Congress to be part of discussions

    Today’s report from Fox Business’ Charlie Gasparino says the White House is in ‘deep discussions’ about +$1 trillion in spending.

    “Infrastructure likely part of bill. Other measures: State aid; liability protection; unemployment extension. Administration also pushing “return to work incentives,” he tweeted.

    Obviously, the White House is only one party in the discussions going to be hard getting the House and Senate on board. The above wish-list sounds awfully expensive.


    [color=green][size=5][b]Dow 26,289.98 526.82 2.04%
    S&P 500 3,124.74 58.15 1.90%
    Nasdaq 9,895.87 169.84 1.75%
    GlobalDow 2,860.68 68.23 2.44%
    Gold 1,734.30 7.10 0.41%
    Oil 38.20 1.08 2.91% [/b][/size][/color]

    tis the Summer of LOVE 2020 in “CHAZ” occupied territories in SEATTLE :woohoo::woohoo: :woohoo: :woohoo: :woohoo:

    Super Harley

    Car rental company Hertz dipped 4% after the closing bell.

    Hertz, currently in bankruptcy proceedings, decided to issue up to $500 million in new stock that it said would likely end up worthless.

    Former SEC Chairman Harvey Pitt told CNBC Tuesday that regulators did not ever think investors “would be gullible enough” to buy “garbage” like Hertz’s bankrupt stocks.

    Super Harley

    Norwegian Cruise Line NCLH dropped 13% after the closing bell

    After the company announced it is extending its suspension of global cruises to include trips between August 1 and September 30 for its three main cruise brands.

    The cruise line said the cancellations exclude Seattle-based Alaska trips in September. Select voyages, including Canada and New England itineraries, are also canceled through October 2020 due to travel and port restrictions.

    Shares of Carnival CCL and Royal Caribbean Cruises RCL each fell more than 7% in after-hours trading as well.


    [color=aqua][size=5][b]WINTER STORM warning for NW USA
    Up to FOOT of SNOW in mtns of beautiful MONTANA
    2020 is indeed the wild year of the RAT & BAT[/b][/size][/color]


    US treasury auctions $17 billion 20 year notes at 1.314% high yield v WI 1.329%

    Bid to cover 2.63x v 2.53x last auction
    Dealers 21.9% v 24.6% last auction
    Directs 16.454% v. 14.71% last auction
    Indirects 61.624% v. 60.728% last auction

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