Stocks... Election... ACB Hearings...

• Stock market mixed a bit today.  Earnings season is kicking off.  JNJ COVID19 vaccine trial halted.
• What's better for stocks? A blue wave sweep where Biden wins and the Dems take the Senate and keep the House?  So says Guggenheim's Scott Minerd.
• Disney announces that they're reorganizing and focusing more on streaming!  Shares trading about 4% higher as I type.
• It's Amazon Prime Day!  (If you need another Echo Dot).
• The big question for investors, is whether Disney stock will receive a higher PE multiple on the news.  I have owned $DIS for a long time, and it has underperformed this year and recently. Hard for travel and vacation related stocks to thrive in a COVID19 world.
• Yesterday, I tuned into the opening remarkds on the ACB hearing for the SCOTUS. I decided not to watch today.
• But I did watch some of the Apple Event on the new iPhone! The latest and the greatest! These things used to be kind of exciting, but it seems like improvements are marginal in the terms of how most of us use the phone.
• I watched "Christopher Robin" on Disney+ recently. (Spoiler: No time travel or world ending plague involved).
• I would think investors prefer gridlock, like we have now. The government is basically at a standstill. No legislation can be passed. Status quo! Full speed ahead!
• The Blue Wave Sweep would happen if the polls are right as of today. Are they?

ACB Hearings and Stocks Surging!

• The stock market rally continued today...  Apple iPhone event?  ACB hearings?  Amazon Prime Day?  Or just general enthusiasm about the economy?
• Yes, the economy isn’t working for everyone - if that’s even a thing. I think a lot of the strip mall shops and restaurants are still struggling due to people wanting to avoid COVD19. But other parts of the economy around tech, remote work and shopping are doing well.
• I’d like to take October off from the movie streaming services.  At least the “new releases” lists. There is one Halloween horror movie after another. Not my thing!
• The Nasdaq is just 1.5% down from all-time closing high!
• Who has had a Beyond Meat burger (or anything)?
• I suppose the COVID19 vaccine and therapeutic stocks are another speculative area.  I think we know the major players, right?
• I did watch The Social Dilemma on Netflix. The horror of social media...
• I watched some of the Amy Coney Barrett hearing today. Uh, nobody is going to learn anything watching that. Just looked like a bunch of nonsense to me.
• Amazon Prime Day tomorrow.  If you don’t already have 12 Echo Dots around your home, here’s a chance to pick up a few more.
• Started watching Home After Dark on Apple+ and it’s not bad.  Kid sleuth tries to solve a crime sort of thing.
• Anyway... Happy Columbus Day!