Another slice of life from the Midwest…
“I live in central Indiana with fewer than 30,000 people in our county seat.
“Our cabinet factory had an exemption to stay open, and I’ve been working all along. Yes, fewer orders, but just in time to reopen the country.
“We have 10 openings at our factory. Signs in town for ‘help wanted’. Maybe widespread unemployment is a big city issue?
“Looking forward to the election, I get to vote AGAIN for the better of two bad choices. Same story for the last 30 years!
“Thanks for great publication!”
As for a reader’s Socialist Democrat/Democratic Socialist wisecrack Monday, a reader says: “Why do we keep blaming Socialist Democrats when we have a Republican president and senate?”
The Dem to Republican ratios in both the U.S. House of Representatives and U.S. Senate might be closer than you think.
Per the House, it’s 53% (D) to 44.8% (R) — a smattering of Libertarians make up the difference. As for the Senate, the ratio is the exact opposite: 53 Republicans, 45 Democrats and 2 Independents.
Nothing in politics is so clear-cut. Not all Republicans will vote as a block; same goes for Dems. Then you have a couple swing votes from Libertarians and Independents. It’s complicated.
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Your Rundown for Wednesday, June 24, 2020
While we’re on the subject, the second round of stimulus — the HEROES Act that passed through the House — has stalled in the Senate.
Notwithstanding, Trump says the federal government is paving the way for a second round of checks that will be “very generous.” We’ll see…
We think the acid test for the U.S. economy will be after Jul. 31 when $600 weekly payments to unemployed Americans dry up. Again, we’ll see.
Here’s something interesting: Gold is less than $7 away from $1,800 per ounce at the time of writing. And this morning we read an article at CNBC with the headline, ‘Welcome to the age of copper’: Why the coronavirus pandemic could spark a red metal rally.
According to the BBC: “The ions in copper alloys are both antiviral and antibacterial, able to kill over 99.9% of bacteria within two hours. Copper is even more effective than silver, which requires moisture to activate its antimicrobial properties.”
We said Jun. 8: “No wonder then, according to trade group Copper Development Association, antimicrobial copper should be used for high traffic areas including hospitals, gyms and mass transit.
And then we reported Jun. 10: “With mines shut down because of the pandemic, copper supplies are limited… even as demand — particularly for green infrastructure — has picked up.”
Market Rundown for Wednesday, Jun. 24, 2020
The S&P 500 futures are down 38 points to 3,092.
Oil is down 2% to $39.56 for a barrel of WTI.
Gold’s up $1.40 per ounce to $1,783.40.
Bitcoin is down about 3% to $9,323.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll be back Friday. Have a great day.
For the Rundown,