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Too Much Sleep! - 6/30/20

I slept way too long last night and am off to a very late start today.

It's month-end, so watch out for some weirdness - remember, the pension funds have to sell a lot after the bull run. Whether they do it during market hours or after-hours is the question.

1) So far, the Fed has not even approached their limits on various lending facilities. Their balance sheet has undoubtedly grown, but the limits are way higher than today.


2) Buying the stock market at the wrong time can result in decades of breaking even, on an inflation-adjusted basis. 

3) The coronavirus pandemic has started to hurt red states more than blue states.
Covid Spread: It's a Blue and Red Thing.

Good luck today, hopefully you're more awake than me!

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