E This Weekend Is Different From All Other Weekends

FRIDAY MARCH 26. Today is a hot news day and moreover an important one for my personal life, as I have to prepare for Passover, which begins tomorrow night. Because of the Sabbath, almost everything has to be done today when it is legal to work. Monday is the start of the Christian Holy Week culminating with Easter, so it is likely that the news load will be light as well as a Jewish holiday in the diaspora. But it is sure heavy today.

So naturally, it was this morning that I was trapped in the elevator in my apartment building and cut off from electricity in my office because my cleaning woman used a weak plug to connect the vacuum. Also, my husband's modem in our apartment used as a backup crashed and needs to be replaced.

Business newspaper article

image source

There will be no updates on our tables over the weekend, given the holiday, and there will be no blog on Monday either. Sorry about that, but at least my views about the stock market being bubble-prone so far has not hurt the index. My early blog yesterday put out because of issues with our internet turned out to be excessively gloomy as the market reversed. I suppose this is better than being very bullish and being proven wrong. But Pres. Biden certainly is considering tax hikes reversing Trump's cuts.

Today's February US personal income beat having lost only 7.1%. whereas the forecast was -7.3%.

EPFR which tracks fund flows said today that conflicting trends in Europe, back in lockdown, and fund flows into equities were down 85% in the month so far. Bond funds also saw very low inflows. The Cambridge, Mass. outfit publishes Global Navigator.

Drugmakers

*Teva rose a nifty 2.6% today when Tel Aviv was closed until Monday. (Israelis only celebrate one day for Passover, but the second one is obligatory in the rest of the world and many Orthodox Israelis still observe 2 days.) However, smaller Israeli drug shares are down: Bioline RX (BLRX), NovaCure (NVCR), Compugen (CGEN). This is because Netanyahu need coalition partners who may be socialists or Arabs. Enlivex, ENLV, our worst Israeli drug performer, actually rose 2.3% today because of contrarians. Friday is when they pounce. My worst performer is US Esperion, down 4%.

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Vivian Lewis 2 weeks ago Author's comment

you will need to spell out where I lost you. all best, vivian

William K. 2 weeks ago Member's comment

OK, VL, This article loses me. That may be exhaution, or something else, not sure..