The Arora Report

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July 1, 2020

POLITICIANS SET UP THE STOCK MARKET FOR A JULY FALL — MORE BORROWING AND MONEY PRINTING AHEAD $CCL $AAL $DIA $SPY $SPX $PFE $BNTX $NVAX $MRNA $INO

POLITICIANS SET UP THE STOCK MARKET FOR A JULY FALL — MORE BORROWING AND MONEY PRINTING AHEAD $CCL $AAL $AMZN $AAPL $MSFT $GOOG $DIA $SPY $SPX $PFE $BNTX $NVAX $MRNA $INO

The stock market has been detached from economic reality. Investors, drunk with “hopium,” bored at home and unable to bet on sports, have turned the stock market into a casino.

The stock market always looks ahead. It’s sensible for investors to gaze beyond the valley caused by the coronavirus toward good news on earnings in 2021 and a vaccine for the deadly virus.

Pfizer PFE has released promising early results on a coronavirus vaccine, along with partner BioNTech BNTX. Other companies are also in the running.

However, such optimism does not justify the extent of the strong stock market rally from the lows.

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