Here are others in the Covid race: CSBR, CYDY, INFI, NKTR, ZTS, AMRN, ACAD, SRPT, GILD, AGN if CYDY isn't to your liking.

You left out biotechs. $CYDY is due to report on their study early next month and it looks more than promising. Sadly it is running up, but it is a small cap trying to move to the big board, so it has a lot more to run.

Nice article. Sadly few people take the time to understand basic economics let alone consider the diverse ramifications of monetary policy and its unintended consequences. Sadly the distortions are quite large nowadays and like a crease in paper, they tend to get bigger and more pronounced the longer the distortion remains until they tear from one stress or another on the paper.

In general, I agree that the market has the potential to go down if another stimulus isn't passed soon. However, regarding FANG stocks I think there is a distinct separation between these stocks. Although Google and arguably Apple aren't too overvalued, especially given slow growth, no inflation, and low interest rates, other stocks like Facebook and Netflix are a bit rich for their implied growth to say the least.

The estimates don't justify the current price, therefore it is probable that they must beat the estimates consistently to keep the current price. This is why I suspect the price has hit a wall. As people who watch the stock market, it is hard to beat expectations that well exceed estimates on a regular basis. I think the company's performance needs time to catch up with the stock price, but it has been a nice bounce off a scary downturn in stock price.

Congress needs to revoke Presidential arbitrary tariff powers. This is obviously a tax and worse a tax on American consumers and rightfully belongs to Congress. Republicans should be against it in theory if there are still real Republicans against taxation, for capitalism, and for free trade. Likewise, Democrats should embrace it to limit Trump and to support global peace and prosperity.

As for oil, the biggest problem is US domestic production that even the US doesn't need. Exporting the low grade oil is not going to happen and the reason why the US is in this mess is because bankers financed a bunch of companies willing to lose money forever and go into debt they know they can never repay and haven't. Instead they they borrowing and drilling more to justify more borrowing which the banks were happy to give because it was used to keep them from defaulting. This gig has reached its limit. Until these money losing drillers go under they will keep pumping at a loss and selling at low prices if they can sell oil at all dragging the US oil industry into the muck regardless on whether or not global oil is balanced or not.

Right now is a strange time, especially determining inflation. There is obvious demand, however, Covid is delaying those purchases. Likewise, supply is now being hurt due to Covid. So we see grocery prices increase. Things will remain dicey for a while, especially as Trump starts hail mary passes by tariffing the EU when no one will do a deal with him until after the election (he should know this) making such action nothing more than political posturing or just an expression of vindictive hate for the EU.

Rather than eradicating uncertainty and helping the market, Trump decides to double down and continues to raise the tariff card in a downturn with potentially devastating results. Fortunately, other countries aren't doing the same although US citizens are ending up paying the added taxes as tariffs inevitably become just a tax on its own citizens. Congress can and should act against this, but so far haven't.

Maybe governments are too busy trying to help their populations rather than try to win the gold hoarding game. You can't win if you aren't in power.

I think this largely depends on if there is more stimulus measures by the US. Despite the rhetoric, Republicans need a deal to have a hope of winning the upcoming election and Democrats want aid and support for those out of work and/or another stimulus check to all paying taxpayers (which is just a fairer tax rebate check for everyone than the standard Washington giveaway).

Sadly the US needs to curb its production since the crude oversupply is in the US and it is running out of storage space leading to even lower pricing. Overseas cuts will do nothing to solve this given there is no real increase in overseas demand to sell the excess to right now. Even US demand remains muted. My advice is since banks are willing to finance money losing oil companies, they can now finance money losing oil storage companies too, lol.