Dear Rundown Reader,
From what we’re hearing from readers (and seeing now at the polls), Joe Biden looks like a lock for the Dem presidential candidate.
As for his running mate, a reader says: “My take is that a VP candidate for Biden might be Hillary Clinton or Michelle Obama. Here’s why:
- “both are ostensibly women
- both are very political and used to talking to crowds
- both are ruthless.”
His words, not mine. And what? No Amy Kobluchar?
“As a female, mixed-heritage voter,” says our next reader, “I find the Democratic party’s ‘need’ for a female and/or minority vice president quite insulting.
“It’s pandering at the lowest level and, quite honestly, sexist and racist. The party should choose the most QUALIFIED candidate, regardless of sex, race or religion. It saddens me that people would vote for someone based on their sex or race, not abilities.
“That would be the intelligent thing to do.”
It’s politics — who said anything about intelligent? But thanks to our contributors for sharing!
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Mar. 11, 2020
Any Port in the Storm…
Coronavirus panic has hit the U.S. stock market hard the past three weeks. Indeed.
But what exactly has that meant for retail investors’ retirement and brokerage accounts? According to Reuters — on average — that put a $16,000 ding in Amercans’ accounts.
Monday’s plummet alone cost your average American investor $5,682.
So with roughly 42% of full-time workers exposed to the U.S. stock market — especially piled into plug-and-play ETFs — how are investors responding?
Reuters says: “Investors pulled $13.6 billion out of funds that hold U.S. equities last week, the sharpest pullback from the domestic stock market since September, according to ICI data.”
And where are they rotating their money? “During Monday’s market rout, individual investors turned to technology companies Apple Inc, Microsoft, and Amazon, according to data from Fidelity. Walt Disney, meanwhile, had more than 5,000 buy orders through the brokerage firm compared with 1,094 sell orders.”
In other words, large cap American juggernauts with perceived staying power.
Katie Nixon, CIO at Northern Trust Wealth says: “It’s really about finding ports in the storm right now.”
Market Rundown for Wednesday, Mar. 11, 2020
S&P 500 futures are down 79 points to 2,803.
Oil is down $1.04 to $33.32 for a barrel of WTI.
Gold’s added $1.60 per ounce to $1,661.90.
Bitcoin is down $36.06 to $7,866.08.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’re back at it Friday. Talk to you then…
For the Rundown,