Market Update

On this day in History, October 9, 1967, socialist revolutionary and guerilla leader Che Guevara, age 39, is killed by the Bolivian army. The U.S.-military-backed Bolivian forces captured Guevara on October 8 while battling his band of guerillas in Bolivia and executed him the following day. His hands were cut off as proof of death and his body was buried in an unmarked grave. In 1997, Guevara’s remains were found and sent back to Cuba, where they were reburied in a ceremony attended by President Fidel Castro and thousands of Cubans. Che Guevara would die well before the success of his shirt line.

News of the Day:  

S&P 500, Dow track second straight weekly gain on stimulus optimism – https://www.reuters.com/article/us-usa-stocks/sp-500-dow-track-second-straight-weekly-gain-on-stimulus-optimism-idUSKBN26U188

Covid Is Crushing Small Businesses. That’s Bad News for American Innovation – https://www.wsj.com/articles/covid-is-crushing-small-businesses-thats-bad-news-for-american-innovation-11602235804?mod=hp_featst_pos3

U.S. Economic Recovery Stuck in Low Gear as Fear Still Dominant – https://www.bloomberg.com/graphics/recovery-tracker/?srnd=economics-vp

Other News & Blogs:

The 7 Things That Matter For Markets Going Forward – https://awealthofcommonsense.com/2020/10/the-7-things-that-matter-for-markets-going-forward/

Mainstreaming MMT (Modern Monetary Theory) – https://lareviewofbooks.org/article/mainstreaming-mmt/?utm_source=rss&utm_medium=rss&utm_campaign=mainstreaming-mmt

Accountable to Darwin vs. Accountable to Newton – https://www.collaborativefund.com/blog/darwin-newton/

Weekend Podcast Recommendations:

Invest Like the Best – Jesse Livermore – Upside Down Markets (MMT Related) – https://open.spotify.com/episode/0WmUBqUYWW6udaf98hEr6D?si=SnzWiD1BS1WL1e63FolG0A

Masters In Business – Dave Portnoy on the Business of Sports Media – https://open.spotify.com/episode/6G67i0yb4gXNrXTpvosxAt?si=R27L_lQ1T4mF5WpH2_Ouzg

Drink (Regeneron) Responsibly. Have a blessed weekend.

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