E Market Review

It is amazing how difficult it has become to operate on the internet, over security fears and risks to hosts from dissatisfied users. The news that Google went down yesterday in many parts of the world is not surprising. The technicians are not in control of their own programs.

A tumultuous week looks like ending in a draw but it is too early to predict the close. Oil is down fractionally, both WTI and Brent, which further nipped the prices of oil stocks. Oil demand rose in July.

Pinduoduo (PDDfell sharply after its orders did and Pfizer (PFE) and BioNTech (BNTX) rose on hopes they would be able to start producing a coronavirus drug starting as early as next month. In my view, there will be lots of winners over COV-19 because so much science is being brought to bear.

Surprise, surprise, as lefty Mexican Pres. Andres Manuel Lopez Obrador encourages investigation into corruption by his predecessors presidents, his own brother Pio Lopez Obrador was filmed loading up with huge amounts cash in 2015 when his brother was running for office.

Canada banksters

*A day after our Bank of Nova Scotia (BNS) was heavily fined for finagling the price of gold futures, TD Bank, another Canadian, was found by the US Consumer Protection Bureau to have charged and enrolled borrowers for overdraft protection without asking for their permission. TD Bank is a separate entity but is linked to my new brokerage, TD AmeritradeContrary to myth, Canadians are not nice.

*Again Banco Santander (SAN) is being hit with selling although it has not been accured of any misdeeds. SAN, the Spanish bank is a bigger player cross border than the Canadians but better managed. SAN fell another 2.3%. It may be because of the rebound of Covid-19 in Spain.

*Hang Seng Bank (HSNGY) in Hong Kong is up 7.3% possibly because it published its replacement interim report due late this month but I cannot get it.

Mining and Oil

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