Any hope of a new, and much needed, comprehensive Infrastructure plan to be drafted for discussion with the newly elected, re-elected Congress and President vanished over the weekend turning Washington into a cat fight with hundreds of angry felines. Any attempt to restore order would likely result in scratches, bites, and a rabies shot.
Dow Jones Industrial Average (Year to Date) 
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index Quarterly Earning Estimates (09/25/2017 – 09/24/2020) 
– Courtesy of Bloomberg LP
Exchange Trade Fund Flows (09/25/2020)
– Courtesy of Bloomberg LP
Yearly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (2013 – 2022)
– Courtesy of Bloomberg LP
Quarterly U.S. Economic Actual & Estimated Forecasts w/ Probability of Recession (4th Qtr. 2019 – 1st Qtr. 2022)
– Courtesy of Bloomberg LP
NYSE FANG+ Index (Year to Date)
– Courtesy of Bloomberg LP
Health Care Select Sector SPDR Fund (Year to Date)
– Courtesy of Bloomberg LP
Health Care Select Sector SPDR Fund (Approx. 10 Years)
– Courtesy of Bloomberg LP
Nicola Corp. (Approx. 1 Year)
– Courtesy of Bloomberg LP
Headline Round Up!
*14 Year HIGH in New Home Sales!
*Existing Home Sales Spike to Decade HIGH!
*Shrinking Supply of Homes?
*New U.S. Household Net Worth Record Powered by Residential Real Estate Values.
*KB Home’s Revenue and Profits Boom.
*GDP and Earnings Updated Forecasts.
*Fed Lending Programs Winding Down as Recovery Takes Hold.
*UK and Europe in a Second COVID-19 Wave?
*Johnson and Johnson Vaccine Late Stage Testing!
*Liquefied Natural Gas (LNG) Tankers to Double by 2030!
*Natural Gas Demand 5% Below Year Ago Powered by LNG Exports.
*California Bans Sales Of New Gasoline Cars By 2035?
*Nikola Gobsmacked! Tesla’s Battery Breakthrough!
*Goldman Sachs’s $49 Oil Year End Projection, $65 Projection Mid 2021 and Bank of America’s $60 Mid 2021 Projection.
*Fracking Will Not Be Banned.
Profit Report!
*This Week’s Money Flow and Sector Performance Updates.
*Top Client Questions of the Week:
-
September Market Correction?
-
Washington Cat Fight?
-
Election Results, Lack Thereof and Riots?
-
Implications for Investors?
-
What Happens if Biden Elected?
-
What Happens if Trump Elected?
-
Is My Income Intact?
-
What to Do For The Next 2 Months?
-
Should I Buy Gold for Chaos and Inflation?
-
Best Question: “Where are we likely to be in mid- 2021?
*Best CPA’s and Estate Planning Attorneys for Investors?
