Pre-Market Rundown (November 6 , 2020)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • IS IT OVER?
    • Lawsuits and Contests May Continue
    • Markets Rocket – WHY? (Split Congress)
    • VIX Plummets – As Expected
  • Pandemic
    • Markets Lost Interest
    • narrative: More Cases = More Stimulus
    • UK Lockdown – Central Bank Announced New QE
  • Economic Data
    • Slight Deterioration
    • Stimulus Delay = Economic Slowdown
    • All About Stimulus
  • Outlook – Biden Plan
    • $3T Infrastructure Plan – Hard To Get Done
    • Tax Increase – Hard To Get Done
    • Next Round of Stimulus – Same Fight Continues
    • Regulation Increase – Hard To Get Done
    • Logjam of Initiatives
  • Earnings
    • ~ 83% of Companies Beat Expectations
    • Analysts Know Nothing – No Edge
  •  Economics
    • Confidence Don a Bit, ISM Numbers Looking Good, FOMC Rate Decision, Employment Report
    • Next Week – Light Week (IPI, PPI, UMich (Nov), Initial Claims
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  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: MJ, BTCUSD, GLD, EEM, GDX, TLT, SLV, XLF, NIO, SEDG, PTON, ROKU, LYV

Your Symbols

 

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