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SurPRISE, surPRISE, surprise. Rinse, REPEAT(Emphasis added) <GOLDMAN, Deutsche Say U.S. Stock Selloff May Be Close to an End By Joanna Ossinger September 13, 2020, 8:23 PM EDT The recent pullback in U.S. stocks could be close to an end if history is a guide, according to strategists at GOLDMAN SACHS Group Inc. and Deutsche Bank AG. Its magnitude has matched a “typical” SELLOFF in the S&P 500 since the financial crisis, albeit at a FASTER pace . . . . “Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months,” wrote the GOLDMAN strategists . . . . . . . . Still, both teams pointed to the U.S. ELECTIONS as the key source of uncertainty for markets ahead. “Investors still have to contend with the upcoming macro event of the U.S. presidential elections,” the Deutsche strategists warned. “With a LIKELY unprecedented VOLUME of MAIL-IN BALLOTS, prospects for volatility enduring post-election day are high.”> More: https://www.bloomberg.com/news/articles/2020-09-14/goldman-deutsche-say-u-s-stock-selloff-may-be-close-to-an-end Now that Big Money has slinked off with their heist, if current global futures (03:30 am) are any indication of today's market, how green is our valley! HOWEVER . . . opined WSJ on July 14 . . . (Emphasis added) <Joe Biden is a heavy favorite to be the next President, yet the media have barely paid attention to what he will do if he wins. We’ll try to fill that knowledge gap in the coming weeks, and a good place to start is his proposal for TAX INCREASES of more than $3 trillion over a DECADE. Let’s examine the unfine print:> Read on, Macduff . . . https://www.wsj.com/articles/read-joe-bidens-lips-new-taxes-11596235892 I did not categorize this post as 'Off Topic' because money — such as AAPL profits — and politics are immutably joined at the hip. |
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