was mentioning wasnt a big fan of wage subsidy mainly because it was poorly targeted and open to abuse by businesses .. easy seems they are rorting there version of it in australia too
JobKeeper payments being 'gamed
Businesses are manipulating their cash flows to artificially suppress monthly revenue and game the federal government's $130 billion wage subsidies
Moderna vaccine trials, Powell interview and re-openings? Let's see: Moderna research is still in phase 1 and Powell warned against expensive stocks. As for the re-openings: given the incubation period of the virus, I'd say it's still too early to declare 'mission accomplished', especially considering 5 states, including Texas, have recorded a spike in cases. They're rolling the dice, hoping like hell they don't get a second wave.
Horrific economic data is shrugged off while the smallest glimmer of good news sparks a near 1000 point rally? Of course, me being rational about anything the market is doing has kept me on the sidelines since this started. Best ally for anyone on the sidelines right now is patience, IMO.
Bookmarks