With all that's going on in the macro economy, I keep expecting the stock market bubble to burst. It was a tremendous run up until 9/3 especially in QQQ/TQQQ.
The hopes of a second stimulus bill have kept the bubble from deflating IMO. Friday we'll see. New unemployment numbers that are not likely to be good. October will be worse without a PPP/CARES extension. 41,000 layoffs out of American Airlines, 28,000 out of Disney, more from hotels, restaurants, entertainment and other airlines. January we get to see forebearance and CDC eviction moratorium effects. Winter is coming. It's beginning to look a lot like Christmas!
So do we fiddle while Rome burns right up until the election?
Or does the Jack in the Box finally make an appearance and ruin everyone's day?
*NOT FINANCIAL ADVICE - NOT AN ADVISOR*
The hopes of a second stimulus bill have kept the bubble from deflating IMO. Friday we'll see. New unemployment numbers that are not likely to be good. October will be worse without a PPP/CARES extension. 41,000 layoffs out of American Airlines, 28,000 out of Disney, more from hotels, restaurants, entertainment and other airlines. January we get to see forebearance and CDC eviction moratorium effects. Winter is coming. It's beginning to look a lot like Christmas!
So do we fiddle while Rome burns right up until the election?
Or does the Jack in the Box finally make an appearance and ruin everyone's day?
*NOT FINANCIAL ADVICE - NOT AN ADVISOR*