Good morning and let’s make it another GREAT day, shall we!
A little positive action this morning on the open … because of hope for stimulus. I am not surprised. Many Americans just want the election to be “over” so there will be some clarity on what happens next. Including yours truly.
Speaking of which, here’s what has my attention this morning.
I’ve often said that money doesn’t do politics but politics sure as hell tries to do money and last night’s debate showed why. One candidate has created thousands of jobs and one candidate has told others how they should. I don’t have the luxury of picking sides as a professional investor. So, let’s get that off the table.
The decision WE have to make is which companies will produce the results we seek and to invest accordingly.
I don’t think it’s a question of “who wins” like most think but rather which companies can succeed despite the outcome a few weeks from now. That’ll come down to executive talent, best in class products/services and market leadership. I have some thoughts here, of course, but I am also making a keynote address at next week’s virtual MoneyShow.
There are three companies in the developmental stages: $MRNA – Moderna, $PFE – Pfizer and $JNJ – Johnson and Johnson. My money is on Pfizer and has been for some time because I like everything else the company has going; the virus is gravy. I also own Gilead which developed Remdesivir which the FDA approved for treatment last night.
I love Italy and, in particular, spending time in the country’s mountain villages. By motorcycle, car or even Vespa … I can’t wait to return! If only I were under 40 again … Santo Stefano will PAY you to move there and establish a business.
This is a fascinating article from the Financial Times showing how Africa’s response may actually be the model the so-called modern world may want to follow. Especially when it comes to prevention.
“Never before had Africa managed such a response,” says Peter Piot, director of the London School of Hygiene and Tropical Medicine. “Remarkably, they acted even before they had a problem.”
Japan and the United Kingdom signed a post-Brexit bilateral trade agreement to ensure continuity as the EU transition continues. It’s key because many Japanese companies view London as a gateway to the continent. Whether other countries step up is yet to be seen but will be very telling about how China pressures ‘em.
The markets will take off like a rocket when a vaccine is announced but it’s going to take nerves of steel to hang on through the election, through the unrest, through stimulus etc.
Mind the risks but stay focused on opportunity or somebody else will!
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