Direct from the desk of Dane Williams.
With the SPX still on track for record highs, you could be forgiven for forgetting we're in the midst of a global pandemic and thousands of vulnerable members of so-called first world countries are dying because quite frankly, people just don't give a fuck.
I just can't fathom how much of a cunt you'd have to be to live in Arizona and go out clubbing because "you're too young to die from it", while according to the Department of Health Services, ICU capacity in the state has passed 80%.
What, you're okay with elderly family, friends or just members of your community dying because you wanted a fucking $25 vodka red bull with your friends who are obviously cunts too?
Disgusting.
SPX Daily:
Meanwhile, the Federal Reserve said Monday that they'll start buying individual corporate bonds.
Previously, the Fed had been buying only ETFs but have now said that they'll be buying individual issuance on the primary market.
As you can see, equities liked the news because there is a buyer with unlimited printing power always there to prop up the company, no matter how unprofitable or shit the business actually is.
Best of probabilities to you,
Dane.
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Saw the news a tad too late, meaning late in the day, when the equities were already high and away, luckily I caught a good channel outbreak wih DAX and ES, didn't right all the way until day's end though...
And best of OPEX week to you too :)