Market Update

Happy Friday the 13th in 2020, 

On this day in history, Wednesday, November 11th 1953, Indiana Textbook Commission member charges that Robin Hood is communist. In an example of the lengths to which the “Red Scare” in America is going, Mrs. Thomas J. White of the Indiana Textbook Commission calls for the removal of references to the book Robin Hood from textbooks used by the state’s schools. Mrs. Young claimed that there was “a communist directive in education now to stress the story of Robin Hood because he robbed the rich and gave it to the poor. That’s the communist line. It’s just a smearing of law and order and anything that disrupts law and order is their meat.” Also, his executions suck and his website crashes any time there’s market volatility. 

News of the Day:  

Stocks Climb as Earnings Temper Lockdown Fears: Markets Wrap – https://www.bloomberg.com/news/articles/2020-11-12/asia-stocks-set-to-follow-u-s-lower-bonds-jump-markets-wrap

Trump bans U.S. investments in companies linked to Chinese military – https://www.reuters.com/article/us-usa-china-securities-exclusive/trump-bans-u-s-investments-in-companies-linked-to-chinese-military-idUSKBN27S2X3

G20 strikes historic debt pact to help poorer states hit by COVID – https://www.reuters.com/article/us-g20-debt/g20-strikes-historic-debt-pact-to-help-poorer-states-hit-by-covid-idUSKBN27T1R8

WeWork losses mount but sees ‘seismic shift’ in office leasing to its favor – https://www.reuters.com/article/wework-results-idUSKBN27T075?taid=5faeab381ef01a0001239c72&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Other News & Blogs:

The Big Lessons From History – https://www.collaborativefund.com/blog/the-big-lessons-from-history/ (Doesn’t say anything about Robin Hood’s exclusion from text books) 

A Work From Home Tax – https://theirrelevantinvestor.com/2020/11/12/a-work-from-home-tax/

The Glass is Half Full and Half Empty Right Now – https://awealthofcommonsense.com/2020/11/the-glass-is-half-full-and-half-empty-right-now/

The State of the Multi-Billion Dollar Console Gaming Market – https://www.visualcapitalist.com/multi-billion-dollar-console-gaming-market/

Weekend Podcast Recommendations:

Masters in Business – Adam S. Posen on the Need for Fiscal Stimulus – https://open.spotify.com/episode/7ucOUtpzmOWrRTJAZbZIC2?si=EJ3hy4fTSPev8jjuKjaY8w

Odd Lots – This Is The NYSE’s Plan To Win More Direct Listings – https://open.spotify.com/episode/20UyCQGumrW4qhzIGmrdtV?si=zNh7RHEVQaK_5CiZobXGzg

Infinite Loops – Michael Batnick – The Irrelevant Investor – https://open.spotify.com/episode/1AqwhQjlTYTkqXSB05THL9?si=Z2hm_bbCQmGJ84TLFBAnQg

Invest Like the Best – Todd McKinnon – Creating and Defining a New Market Category – https://open.spotify.com/episode/1TyBss92El1Oq9L8Yt0lkq?si=NVJmaNc1QCeJvd3lKD9ynQ

Be safe out there! 

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