Fool...

 

U-Turn...

 

Long-term market bull Jeremy Siegel expects a serious pullback that it isn’t tied to the Covid-19 surge risks.  His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation.

“If the Fed suddenly gets tougher, I’m not sure that the market is going to be ready for a U-turn that [chair] Jerome Powell may take if we have one more bad inflation report,” the Wharton finance professor told CNBC’s “Trading Nation” on Friday. “A correction will come.”

The consumer price index surged 6.2% in October, the Labor Department reported earlier this month. It marked the biggest gain in more than 30 years.
Siegel criticizes the Fed for being far behind the curve in terms of taking anti-inflationary action.

“Generally, since the Fed has not made any aggressive move at all, the money is still flowing into the market.”  “The Fed is still doing quantitative easing.”
He speculates the moment of truth will happen at the Fed’s Dec. 14 to Dec. 15 policy meeting.

If it signals a more aggressive approach to contain rising prices, Siegel warns a correction could strike. Despite his concern, Siegel is in stocks.

“I am still pretty fully invested because, you know, there is no alternative,” he said. “Bonds are getting, in my opinion, worse and worse. Cash is disappearing at the rate of inflation which is over 6%, and I think is going higher.”

Siegel anticipates rising prices will stretch out over several years, with cumulative inflation reaching 20% to 25%.

Un-Ruley...

 

Kyle Rittenhouse, who fatally shot two men and wounded another amid protests and rioting over police conduct in Kenosha, Wis., was found not guilty of homicide and other charges.

After about 26 hours of deliberation, a twelve jury panel accepted Mr. Rittenhouse’s explanation that he had acted reasonably to defend himself in an unruly and turbulent scene in August 2020, 

Mr. Rittenhouse sobbed and was held by his lawyers after a clerk read the jury’s verdict, acquitting him of all charges.

The question is, 

How unruly was the crowd?

How many rioters walked the street carrying guns or various weapons?

  Just a thought.

Upside...

 

The vast majority of New York state's 62 counties are seeing sharp upticks in new COVID-19 positives: from a 32% increase in cases over the seven days through Thursday on Long Island, to a 37% increase in Niagara County in western New York.

And hospitals in New York reported 2,249 confirmed COVID-19 patients as of Friday, up 20% from the previous Friday.

Hospitalization rates are flat in some communities including Manhattan and Albany.

Monroe County, in the Finger Lakes, is up to 244 patients, up 30%.
And hospitals in Erie County reports 227 patients, a 23% increase.
Hochul earlier this week warned that a continued uptick in COVID-19 rates could mean New Yorkers will again face more virus protocols in high-risk communities.

So Manhattan is ok but not the suburb. This is an upside statistics that we ever seen.  Just a thought

 .

Low Risk...

 

Myocarditis and pericarditis refer, respectively, to inflammation of the heart muscle or the pericardium, the sac surrounding the heart. Myocarditis and pericarditis can occur after a viral infection, including COVID-19, as a result of an exaggerated immune response.

 Myocarditis and pericarditis can also occur after a vaccination, likely related to the immune response generated by the vaccine.

The Centers for Disease Control and Prevention (CDC) has released data showing a small increase in cases of myocarditis and pericarditis after receiving the mRNA COVID-19 vaccination especially in young adults. In the great majority of cases, though, the myocarditis and pericarditis were mild and resolved on their own.

Risk of these complications is very low. However, if you experience chest pain or discomfort, shortness of breath, nausea or vomiting in the days following your COVID-19 vaccination, it would be prudent to seek medical attention to exclude these or other rare complications of the COVID-19 vaccine

Fight...

 

Republicans fighting President Joe          

Biden’s coronavirus vaccine mandates are wielding a new weapon against the White House rules: natural immunity.

They contend that people who have recovered from the virus have enough immunity and antibodies to not need COVID-19 vaccines, and the concept has been invoked by Republicans as a sort of stand-in for vaccines.

Florida wrote natural immunity into state law this week as GOP lawmakers elsewhere are pushing similar measures to sidestep vaccine mandates. Lawsuits over the mandates have also begun leaning on the idea. Conservative federal lawmakers have implored regulators to consider it when formulating mandates.

Scientists acknowledge that people previously infected with COVID-19 have some level of immunity. Natural immunity is also far from a one-size-fits-all scenario, making it complicated to enact sweeping exemptions to vaccines.

The Centers for Disease Control and Prevention reported in August that COVID-19 survivors who ignored advice to get vaccinated were more than twice as likely to get infected again. A more recent study from the CDC, looking at data from nearly 190 hospitals in nine states, determined that unvaccinated people who had been infected months earlier were five times more likely to get COVID-19 than fully vaccinated people who didn’t have a prior infection.

The question is the rate of severe infection and or hospitalization?  

Just a thought.

Crashed...

 

Trump's interventionist approach continued in April 2020 when oil prices crashed below zero for the first time ever. 

Realizing that dirt-cheap oil prices threatened jobs in key Republican states, Trump did an incredible shocking 180 and successfully urged OPEC slash oil production.

"It was one of the most stunning epiphanies in modern energy diplomacy," said McNally, who previously served as an energy official under former President George W. Bush. "The arch foe of OPEC became the master of a deal in which they cut production. That's man- bites-dog stuff."

The situation in the energy market couldn't be any more different today. After collapsing during the onset of Covid, energy demand is rising sharply as Americans hit the skies and the roads.

Yet supply can't keep up. OPEC+ continues to hold back the production it sidelined last year. OPEC pumped 25.5 million barrels per day in May, down sharply from the 2019 average of 29.3 million.

Powered by the shale revolution, domestic oil production hit a record 13.1 million barrels per day in March 2020. 

Biden should ease the restriction on energy production to overcome the disaster to come.  Just a thought.

Who...

 

Two of the men found guilty of the assassination of Malcolm X are expected to have their convictions thrown out on Thursday, the Manhattan district attorney and lawyers for the two men said, rewriting the official history of one of the most notorious murders of the civil rights era.

For decades, historians have cast doubt on the case against the two men, Muhammad A. Aziz and Khalil Islam, who each spent more than 20 years in prison. Their exoneration represents a remarkable acknowledgment of grave errors made in a case of towering importance: the 1965 murder of one of America’s most influential Black leaders.

A 22-month investigation conducted jointly by the Manhattan district attorney’s office and lawyers for the two men found that prosecutors and two of the nation’s premier law enforcement agencies — the Federal Bureau of Investigation and the New York Police Department — had withheld key evidence that, had it been turned over, would likely have led to the men’s acquittal.

And people can go to sleep at night knowing that people wrongfully accused and convicted? Just an "exonerated" thought.

Pullout...

 

Shocked...

 

CNN published a lengthy piece admitting the anti-Trump Steele Dossier has been discredited after the liberal network spent years promoting it at every turn.

The dossier was used as the roadmap for CNN and other liberal outlets to paint former President Donald Trump as compromised by Russia. CNN’s piece, "The Steele dossier: A reckoning," by reporter Marshall Cohen, detailed why "the credibility of the dossier has significantly diminished."

"A series of investigations and lawsuits have discredited many of its central allegations and exposed the unreliability of Steele's sources. They also raise serious questions about the political underpinnings of some key explosive claims about Trump by shedding new light on the involvement of some well-connected Democrats in the dossier, and separate efforts to prod the FBI to investigate ties between Trump's campaign and Russia."

Broad band deliberate deception. As we call, The most trusted...  Just a thought.