“Media Fairness”

Our single contributor today says: “Regarding the comments about limiting campaign donations…

“Your correspondents need to get a bit more worldly and sophisticated. Simple solutions for complex issues often backfire.

“Limitations on contributions absolutely advantage incumbents and progressives unless:

  • there is a way to ban union donations (especially public sector workers and teachers’ unions) of both cash and volunteer manpower. In my state, a majority of the top donors are unions and 95%+ of their donations go to Democrats
  • they ban messaging campaigns by left/progressive nonprofits and foundations. These campaigns advocate policies that are almost always Democratic and left wing.
  • there is a way to get media fairness and balance; otherwise, every conservative or traditional candidate will be accused of letting the elderly and poor die in the streets while promoting racism, sexism, etc.

Ahh… and there’s the rub. How to get “media fairness”? Send in your recommendations.

Your Rundown for Monday, December 2, 2019:

The Santa Claus Rally? 

And just like that it’s December…

Have you heard about the Santa Claus rally? That bit of market wisdom would have investors expecting a rise in stock prices during the last 5 trading days of December into the first 2 trading days of January.

Remember what happened last year?


Of course, the market cratered on Christmas Eve last year when the S&P 500 benchmark (SPY) plummeted 2.7%, “marking the first session before Christmas that the broad-market benchmark booked a loss of 1% or greater — ever,” Market Watch reported.

After which — you can see from the chart — the Santa Claus rally went into effect… but it wasn’t exactly a comeback.

So how to position yourself for a rally or slump coming the end of December and rolling into the new year?

According to CNBC: “Nearly all strategists with 2020 outlooks [highlight] the importance of finding under-loved stocks with solid fundamentals as opposed to the high-flying growth stocks that carried the market for much of the last decade.”

Good advice. We say think defensively.

Morgan Stanley’s Chief U.S. equity strategist Michael Wilson expects Coca-Cola, Lowe’s and McDonald’s to outperform the broader market

Market Rundown for Monday Dec. 2, 2019

S&P 500 futures are up just 1 point to 3,145.

Oil’s added 2.25% to its price of $56.41 per barrel.

Gold is down $8.30 to $1,464.40 per ounce.

Bitcoin’s down 2% to $7,291.24.

Have a wonderful day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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