E Market Briefing For Friday, June 5

We'll get to 'the other side' - of current challenges, in time, but not just yet. That applies to a number of issues: the stock market, civil disobedience or protests; and importantly what is a mixed-message about the pandemic.  

It's also a 'super-cap' market that slightly surpassed S&P 3100 resistance; so was due for some exhaustion, or at least an attempt to blunt the upside angle-of-attack thrust. Liquidity and monetary backdrops remain favorable, while there are a myriad of questions about how things go looking ahead.  

It quite a contrast right now; for a market propelled by the 'Fed Put', with its dangerous ramifications down-the-road, various kinds of perspectives about disrespect (ranging from media that endorses militarization to those inclined to criticize a group of girls cleaning graffiti off a Federal building 'as if' doing a good deal to clean up the Capital is somehow to be discouraged), or even morale in high levels of government. Most Americans don't like bullies, and they don't like contrived empathy either. They do like helping true suffering.  

I look forward to the country moving forward with Middle Class revival, as it seems to targeted by those lashing-out violently (not just criminal thugs, but groups that if they prevailed, actually would have financial ramifications). So there is a contrast between legitimate protests and agenda activists. Dare I show preference for corporate donations to help small businesses recover, instead of funding 'feel good' causes, as often are anti-capitalist in-nature?  

I suppose there's enough blame to go around, but having heard a bit from members directly or indirectly impacted by looting, it seems that damage to private businesses is more significant to address, than legal defense funds for the perpetrators of looting. Big companies aren't going to have favorable community relations, if they behave in self-serving fashion, rather than being supportive and growing their consumer/customer base. (I won't relate this in precise fashion to Amazon (AMZN), who would do well anyway during a 'stay-home' era; but there are more antitrust rumblings going on.

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