It looks like the demonic Democrats have more respect for President Trump and the American people than the RINOs (Republicans In Name Only) do.
Why? After President Trump made a statement announcing that he wants $2,000 stimulus checks for everybody, notable Democratic politicians expressed agreement with Trump and were willing to negotiate them into the second stimulus bill in a vote that happened yesterday.
Unfortunately, House Republicans decided this wasn’t such a good idea. From MarketWatch:
“Republicans in the House blocked a bill put forward by Democrats on Thursday that would have sent $2,000 checks to individuals as part of a coronavirus financial aid package, up from the $600 agreed to in the measure approved by Congress earlier this week that President Donald Trump criticized as too meager.
The House of Representatives will reconvene on Monday, Dec. 28th, when Democrats plan to hold a roll-call vote on the bill that will require individual representatives to vote on the record on a standalone bill that would increase relief payments to $2,000.”
They objected to not only the increase in stimulus check amount but also President Trump’s demand to strip the bill of financial aid to foreign countries. Which really makes you wonder where their priorities are at.
But there are some dangerous implications of this delay…
One, the government has until midnight on December 28th to vote unanimously on this bill and for President Trump to sign it. He has to approve both the government funding and the COVID-19 aid, otherwise, it’s not happening and the government will shut down for the rest of the year.
Two, there are two major relief measures that are set to expire by December 31st: The eviction moratorium imposed by the Centers for Disease Control and Prevention, and the $300/week in unemployment insurance for jobless Americans.
The clock is ticking rapidly and each second without forward progress is a second tragically wasted.
This is much bigger than Trump, his chances of getting re-elected as POTUS for a second term, or the never-ending feud between Democrats and Republicans. This is about the future of the American economy and the prevention of a second crash akin to what we saw in March.
If we don’t put our differences aside and get this issue resolved, President-Elect Joe Biden may have been correctly in ominously saying “our darkest days are ahead of us.”
What do YOU think about House Republicans blocking the initiative to give $2,000 stimulus checks to every American? Why would they do something so idiotic? Reply to this newsletter and let us know what’s really going on!
Not a Bad Day for Only Four Hours of Stock Market Trading…
As you already know, yesterday’s stock market activity was cut short at 1pm EST due to the Christmas Eve holiday. And considering there were effectively four hours for traders to place their bets before the markets close today for Christmas, the markets did decently with a low volume of trading.
Here are the most important numbers you need to know about Thursday’s trading session:
- Dow Jones: +0.2% (+0.1% for the week)
- S&P 500: +0.4% (-0.2% for the week)
- NASDAQ: +0.3% (0.4% for the week)
Vital Knowledge founder Adam Crisafulli commented on the lack of activity in the stock market, putting aside the fact that Thursday had reduced trading hours:
“Markets don’t care too much about Trump’s criticism of the stimulus bill as a formal veto is considered unlikely, [and] the joint stimulus/budget legislation passed both the House and Senate with veto-proof majorities.
…Even if Trump were to successfully veto the measure, Biden will be president in only 27 days and can sign it then.”
There are only four days of trading left in 2020, and it’s unlikely for anything significant to happen. Might as well take all of next week off and enjoy the holidays!
Despite COVID-19, 2020 Was Yet Another Good Year for Stocks
We are exactly 7 days away from the disastrous of 2020 FINALLY coming to a much-needed close.
CNBC wrote an article reflecting on the stock market’s performance this year, noting that on an annual basis it wasn’t anything out of the extraordinary:
“The S&P 500 heads into the final week of the year with about a 15% gain for 2020, but from the March low the index is up about 65%. The bull market turned nine months old this past week.”
However, they did have some interesting predictions for 2021:
“At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — ‘so goes January, so goes the year,’ as the saying goes.
If the market is higher in the first five days, history shows the S&P 500 has been up 82% of the time for the full year with an average 12.5% gain.
Some strategists expect a pullback early in the year, but the consensus is that the market ends 2021 higher. The average expectation for the S&P 500 at year end 2021 is 4,056.”
It will be rather interesting to see how 2021 plays out. It could either be one of the greatest years for the stock market in its entire history, or a lackluster failure. Then again, NOBODY can predict the markets – not me, not you, and especially not Warren Buffett.
How Baby Boomers Can Make You Super-Rich in the Next 10 Years
The Motley Fool is famous for promoting the latest and greatest stock market opportunity. They are so shameless in the promotion of 5G, artificial intelligence, and pot stocks that it’s actually admirable.
In their latest article, they wrote about a brand-new trend that investors should watch out for…
“The unstoppable trend to which I’m referring is aging. You’ve no doubt heard about the huge numbers of baby boomers reaching retirement age. The last of the nearly 72 million baby boomers in the US will turn 65 in 2030. The US Census Bureau projects that older adults will outnumber children under age 18 by 2034. That’s never happened before in American history.
The most obvious way to profit from aging populations across the world is to focus on healthcare. As individuals age, it will drive demand for a multitude of healthcare services… As the senior population grows, this ratio will likely increase. Unfortunately, the potential for risks during surgical procedures also rises with age.”
They then went on to promote several up-and-coming healthcare companies who they claim have provided returns of 300-600% over the past 10 years, such as AbbVie and Intuitive Surgical.
I may not necessarily agree with their specific recommendations, but there is some truth to the general trend: Look out for medical device makers, pharmaceutical companies, and biotech startups who will forever change the face of healthcare.
Which Companies Will Help You Profit from the Home Fitness Movement?
Barron’s penned a piece yesterday afternoon about the exploding trend of at-home workouts. But not the types of companies who manufacture rubber bands, dumbbells, or any type of equipment.
They focus seems to be on two companies providing a complete home fitness experience: Peloton and Nautilus. Here’s what they had to say…
“Remember Nautilus (NLS)? A year ago, it was a collection of left-for-dead brands including Bowflex and Schwinn, trading at a dollar and change a share. This year, it’s up more than 1,000%, to a recent $21, for a market value of close to $640 million.
This past week, [Peleton] agreed to pay $420 million for Precor, which makes strength machines and more for homes, gyms, and hotels. This will give [them] an inroad to big customers like the no-frills gym chain Planet Fitness and, perhaps more important for now, its first US manufacturing presence—625,000 square feet in North Carolina and Washington state.
Peloton stock rose 12% the day after the Precor announcement, adding 10 times the deal price to the company’s market value. If that math makes sense, there’s more where it came from: 85% of analysts who cover Peloton recommend buying shares, even though the stock price is now 13% above the average target price.”
It’s interesting to see how this movement has been 100% accelerated by the COVID-19 pandemic. And since it’s not going away anytime soon, we might as well bet big on the companies who clearly stand to profit from it…