Monday, November 9, 2020
Sunday, November 8, 2020
Biden will be the new US president! - Part 2
Biden has attained the minimum 270 votes required to be the official US President!
Saturday, November 7, 2020
Friday, November 6, 2020
S&P 500 Technical analysis. - Part 14
When was the recent buying signal for S&P?
Well, whenever there are at least 2 bullish indicators, that will be the time to buy. Let's take a look at the recent signs.
In the ellipse, S&P had closed just above the 5-day SMA and the Stochastics had also turned bullish (black line > red line).
Thursday, November 5, 2020
Biden will be the new US president!
Joe Biden looks set to become the next US president. This is just what we've predicted.
Those so-called experts who predicted Trump would win were not real experts because their analyses were wrong. The so-called experts cited the huge turnouts at Trump's presidential rallies and his propaganda was well-received by Americans particularly his anti-China stance because China stole American's jobs.
The real reason for Biden's win was that the labour union supported Biden because of the pandemic mishandling by Trump. Like I said before, the pandemic would crush Trump.
https://finance.yahoo.com/news/elections-2020-aflcio-president-richard-trumka-190800077.html
Biden also had a different group of supporters. Trump's supporters were crazier whilst Biden's supporters were more reserved. They didn't attend Biden's rallies for the fear of severe backlashes from Trump's supporters but they would still vote for Biden. That's the reason for the poor turnouts at Biden's rallies.
Last but not least, China didn't steal American's jobs but the evolution of technology did. In the past, jobs were labour intensive. Next, machines were used to help to reduce the labour intensity for the job. Then, more jobs became fully automated which resulted in permanent job losses. Ultimately, AI would direct and control human resources.
We've entered the AI era now. In the past, we would call the taxi operator to book a ride. However, we just need to book a ride through a smartphone now and the technology will book the nearest driver near you and direct the route with GPS without any human interference.
Can we blame another country for a job loss now? The answer is crystal clear and Trump is destined to lose.Wednesday, November 4, 2020
Tuesday, November 3, 2020
US ISM PMI had increased to 59.3 in October 2020.
The prices increased to 65.5 (+2.7) because the producers were ramping up their inventories (51.9, +4.8) with more imports. The new order rose significantly because of increases in export and local orders which also caused customers’ inventories to be depleted (36.7, -1.2) consequently. This depletion caused producers to increase their production (63, +2) by increasing deliveries and employment. Overall, the PMI had increased to 59.3 which meant that the US was in an expansionary mode. However, the recent increase in daily infection rate to more than 100K would stall this expansion as this might prompt another lockdown to contain the outbreak.
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