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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: October 29, 2020
Corporate tax receipts must rise from here
Large corps have long-lobbied for preferential tax treatment and government subsidies because they are ‘job creators.’ In reality, automation and off-shoring have been reducing their employment rolls steadily. As globalization has allowed multi-nationals to position head offices in the lowest … Continue reading
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Sri-Kumar: Selloff just beginning, tech not impervious
Komal Sri-Kumar, president and founder of Sri-Kumar Global Strategies, says the Covid-19 pandemic, the lack of another federal stimulus package and the U.S. presidential election are creating a trifecta of negative forces for markets. Here is a direct video link.
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