Markets Getting Hit Badly - Nick Santiago #145

Oct 27, 2020

1. 1. Markets down big on the back of 2nd European Covid Wave. Markets are down 2.5 % except for Nasdaq 1.7%, S&P 500 down over 2%. Hospitalizations are up. Caution going into the election. All election induced. How long with the post-election chaos last for? Probably the most divided time for our country since the Civil War. Hopefully people will wake up. Biden’s campaign is flagging. He’s unintelligible. He’s been on the take for decades. The laptop disclosures have been shocking. Word is getting out, despite efforts to supress the story. Trump supporter caravans are breaking out all over. 5th Avenue in New York.

    

   2. Anti-covid riots cropping up all over Europe. People are done with this. They want to get on with their lives. Will they be able to lockdown everything again. 

    

   3.Earnings are coming but they are taking a back seat to the election and Covid. Highest number of reports coming this week. SAP, huge German company getting absolutely slaughtered, down 24%. 

    

   4. Election outcome, you can speculate on your own. 

    

   5. Gold is up slightly. Silver down about 1%.