FEDERAL DEBT TO SMASH WORLD WAR II RECORD — SMART MONEY SELLS THE STOCK MARKET $DIA $DJIA $GLD $QQQ $SLV $SPX $SPY

 

To gain an edge, this is what you need to know today.  

National Debt

Please click here for a chart of the federal debt compared to Gross Domestic Product (GDP).

The Congressional Budget Office said that the national debt is now on track to smash World War II record. This is a great reason for the momo crowd to celebrate — they believe the higher the debt the higher the stock market.

‘Lies, damned lies, and statistics’ applies here when counting on funded liabilities.  The debt is much greater.

Jobless Claims

The momo crowd is excited about the new jobless claims data.  They bought on the news.

Weekly Jobless Claims came at 881K vs. 915K consensus.

Vaccine

CDC says that a vaccine will be available by November 1.  Can you figure out why the vaccine availability date must be before November 3rd? This is creating additional excitement to buy stocks.

Durable Goods

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Momo Crowd And Smart Money In Stocks

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Gold

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Oil

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Markets

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Protection Bands and What To Do Now?

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