The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and spin classes were kaput many tried to crash peloton hol
John dana, happy monday to you and happy groundhog day to you as well. We keep reliving the same day over and over again. Incremental movements in various directions. The president on twitter again yesterday again reiterating that there is no way that he could have lost the election. Also raising the question as to how republicans did so well on down ballot races yet the president lost apparently to joe biden when it came to the race at the top of the ticket. The president saying he is not doing this for him. Is he doing it for the people who voted for him tweeting, this morning quote im not fighting for me im fighting for the 74 Million People not including the many trump ballots toss you had a record for a sitting president who voted for me. President trump continuing his locally action to challenge the vote count in several states. His best chance for any remedy may rest with the Supreme Court, his team is planning to file an appeal on their case in pennsylvania. Though on sunday mo
Latest. Lets start with the interview with comey. This isnt something thats a shocker but it is probably pretty hard to overstate his knowledge of the kinds of things that Robert Mueller is looking at. Youre absolutely right, chris and it underscores that Robert Mueller continues to investigate this question of whether the president or members of his team obstructed justice because james comey as we all remember testified to congress that he wrote a series of memos about his interactions with President Trump, that he found troubling and that he found inappropriate and in one case he said the President Trump suggested that he drop the fbi investigation into then National Security adviser mike flynn. Now james comey has revealed that to the world. He was an extremely compelling witness but now we know that hes also spoken to Robert Muellers team secretly at the he end of last year and Jeff Sessions also has information potentially about Donald Trumps state of mind when he fired comey and