A few notes from Boyce Watkins, PhD about the stock market, stimulus packages, etc. This is a stimulus check update from the daily Black Financial Report. The election is looming and this appears to distort developments on Capitol Hill.

It is unlikely that a stimulus package is going to be passed before the election, as it doesn’t appear that the Democratic Party has any incentive to get anything done. When speaking about the Stimulus deal with The White House, House Speaker Nancy Pelosi doesn’t seem to want to move forward.

Housing news is going to come out Wed on the number of mortgage applications being filed, AMC may be declaring bankruptcy, as they mentioned in a recent stock offering. The company is in dire need of cash.

In other stock market developments, it’s hard to imagine a Covid vaccine being completed at any time next year that completely eradicates the disease. Instead, the disease may become as endemic as the flu, according to leading scientists. There are other stocks in the market that are having big moves, namely Verizon, Autonation, Winnebago and Netflix.

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