Home Again, Home Again
Dear Rundown Reader,
Regarding the sudden rise of candidate Joe Biden, a reader says: “They stacked the deck against Bernie with Obama’s help, which swung the black vote. I’m black, and all I gotta say is we gotta stop voting like this. Bummer.
“Biden can’t beat Trump, in my opinion.”
Actually, Obama hasn’t thrown his support behind any candidate yet.
But the reader suggests something we’ve thought all along. There’s a synchronicity between anyone but Trump and anyone but Bernie sentiment coming from Democrats.
Our next reader says: “Young people who favor free stuff are too lazy to vote, and that’s a good thing for Biden!”
Bernie Sanders was a bit more politic, but pretty much said the same thing: “Historically everybody knows that young people do not vote in the kind of numbers that older people vote.
“To be honest with you,” Sander said, “we have not done as well in bringing young people into the process. It is not easy.”
So we’re down to Bernie and Biden. How do you think this will play out?
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Friday, Mar. 6, 2020
To Market, To Market
More market madness to report this morning with all major indexes down about 2%. The culprit? Coronavirus anxiety that’s affecting more than fragile psyches.
We learned yesterday that even the finance set is waking up to COVID-19 as HSBC London shewed 100 workers home after a colleague fell ill with the virus.
Stateside, there’s a run on Costcos across the country as people stock up on essentials, anticipating the worst. (Apparently, that means running out of toilet paper.)
So as more people retreat home — willingly or unwillingly — we need to think defensively.
And if you’ve been a Rundown reader for any length of time, you know what we think about gold: It’s called a safe haven for a reason.
Gold’s not something you trade; it’s not even an investment. Gold is a hedge that protects your financial future. Period.
Stepping off the soapbox now, let’s talk about stocks that should get a boost from more people staying — and working — from home.
For these reasons, we like three stocks right now: Clorox (CLX), Slack Technologies (WORK) and Netflix (NFLX).
We have to mention, each of these stocks today is down marginally — along with the rest of the markets — but it’s not difficult to see why the coronavirus will ring the cash register for these companies.
Need a cleaner that kills viruses? Clorox has got you covered. Your boss wants you to work from home indefinitely? Slack’s got an app for that. And when you get bored? Netflix and (maybe not) chill.
So time to get defensive, folks. Like literally.
Market Rundown for Friday, Mar. 6, 2020
S&P 500 futures are down over 2% to 2,956.
Oil’s down $1.72 to $44.18 for a barrel of WTI.
Gold’s added $14.50 per ounce to $1,682.50. Next stop $1,700?
Bitcoin is up $28.08 to $9,114.35.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll talk more Monday; in the interim, have a good weekend.
For the Rundown,