What’s driving the rally? Lee Adler tells Lindsay Williams what he sees in this interview on Strictly Business.
And you can probably guess what it is.
It’s baldly obvious.
The data shows that the US economy has been weakening sharply since the beginning of June. That follows May’s dead cat bounce, which Dear Leader Trump and Wall Street had all touted as recovery. Uh… no.
Here’s why.
The big news this morning was a 17.7% jump in the headline number for retail sales. LOL Enjoy the rally, everyone. The stock market rally that is.
The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have…
The state formerly known as Arizona. This data typically lags.
Note from Tim: I think I could save myself a lot of time and energy by just publishing really good emails. This is another one I just received from Lee Adler of the Wall Street Examiner.
Total nonfarm payrolls as reported by the Trump Regime Bureau of Liar Statistics rose 2.25 million on a not seasonally adjusted basis, before downward revisions for March and April. This is based on a comparison of the year to year change for May vs. the year to year change for April.
Hidden beneath the headlines was a lot of bad news.
Good Morning. It’s May 35, 2020 and here’s how it looks today.
Daily new cases.
