Dear Rundown Reader,
Last week, we talked about a second round of stimulus and readers’ general outlook on the state of affairs in a post-coronavirus world. Here are more of your opinions…
“Stimulus checks of $600 weekly helped as a temporary solution. But for folks who had never earned that much — reality is going to bite.”
Our next contributor asks: “Is this Sen. Portman really that big of an idiot?
“Workers need incentives to go back to work? How about we cut out all the giveaways. WORK should be all the incentive people need to go back to work.
“I’m a contractor, and I can’t get three people to come back. And they’re not low-wage earners either. All of them easily make $50,000 a year.”
We like our reader’s work ethic.
Finally, a reader writes:
“The Democratic Socialists (or is it Socialist Democrats?) want everybody supported by the government in an attempt to tear down our country.”
That label’s an oxymoron any way you slice it.
Check back Wednesday for more of your opinions… keep ‘em coming.
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Monday, June 22, 2020
Gold is certainly catching a bid this morning, and the yellow metal closed last week above $1,750 per ounce. We haven’t seen gold prices like this since 2012.
What’s bolstering gold’s price?
Fear… resurgence of the coronavirus… Federal Reserve’s shenanigans…
The Fed has been buying U.S. Treasuries and mortgage-backed securities like they’re going out of style. Now the Fed’s starting to buy corporate bonds — something the central bank’s never done before.
Anything to prop up the stock market.
Speaking of stock market, liquidity’s flowing to the usual suspects. Call them FANG stocks. Or MAGA. Or FAANG. Whichever. These big tech stocks are booming.
(While we’re on the subject, did you know Mark Zuckerberg’s personal wealth has increased over 50% since the start of the pandemic? Same goes for most big tech CEOs/founders.
The pandemic has been very, very good to them.)
Back to gold, it performs best when investors get cold feet — and even with the stock market on a Fed sugar high — we think this might be the week gold breaks out to $1,800.
Market Rundown for Monday, Jun. 22, 2020
The S&P 500 is up 31 points to 3,090.
Oil stands pat at $39.83 for a barrel of West Texas Intermediate.
Gold’s up $25.40 to $1,778.70 per ounce.
Bitcoin is up $172.83 to $9,462.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We hope you had a nice Father’s Day weekend; we’ll talk more Wednesday.
For the Rundown,