Boiler Room: The Official Stock Market Discussion

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17 of 18 S&P 500 companies that have reported earnings BEAT expectations by an average of 26% !

To me this is big news. It shows why there is a disconnect between the market and the economy. The major corporations for the most part are either doing very well or they are in the midst of a recovery.

Small businesses are in trouble. So you are going to continue to see this disconnect as the major corps get bigger and the small businesses shut down.

This is good news for the market and bad news for everything else.
 
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Also, Biden winning is starting to be priced in. I think there will be a sell off around election but I think if Biden wins and there is no contested election the market will recover and take off.

The market actually wants Biden presidency with a GOP Senate. Meaning Biden can't raise capital gains taxes on the wealthy because a GOP senate wouldn't ever allow it.
 
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