BP became the first oil major to call the end of an era many thought would last another decade or more, saying that relentless oil demand is over in its latest energy outlook. Oil consumption may never return to levels seen before the COVID-19 crisis took hold. I agree with BP...
Here is a rare political post from me. Too funny!
Whichever RNC staffer did this deserves a promotion 👇
Last week showed some dealmaking as Nvidia agreed to buy SoftBank's chip division Arm for $40B in cash and stock, which will have wide-ranging implications for the global semiconductor industry. This is an overall real positive move for the US semiconductor industry -- bravo!
Stocks sank to six-week lows in a bout of broad selling, with the S&P 500 slipping more than 1% for its third straight decline and all 11 S&P sectors ending in the red. The Nasdaq also fell 1% as investors continued to dump shares of high-flying tech companies. Have courage!
The Stock Market Is a Strong Election Day Predictor. Since 1928, the incumbent party has won nearly 90% of presidential elections during an S&P 500 upswing. More Americans predict Trump will win the presidential debates than Biden, USA TODAY/Suffolk Poll shows. We'll know soon.
A secular bull market runs on all cylinders. I believer that we remain in the early stages of a bull market that will likely last another decade (!) How else can you explain the S&P's move to an all-time high in the midst of a 100-year pandemic? That is bullish behavior, folks!