Archives of “October 22, 2020” day

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France reports record 41,622 new virus cases

  
Analysis, COVID-19

The spike in virus cases in France is out of control

  • Deaths up 162 to 34,210
  • Yesterday there were 26,600 cases
The pace of the recent rise looked for a few days like it might be leveling off but this is a terrible daily number. France imposed a curfew about a week ago so they may be hoping that will curb the spread of the virus but a few more days of growth like this and we’re going to see harsher measures.

7 tips on how to control your Ego

  
Analysis, Education

1. Stop getting offended The behavior of others isn’t a reason to get upset If you let things offend you it only weakens your energy As Christopher Hitchens says, “Those who are determined to be ‘offended’ will discover a provocation somewhere.”

Your ego is working to convince you that the world should be how you want it to be; this is stupid Please stop it

2. You don’t need to win all the time Your ego loves to divide the world into winners and losers, but this is not true Because ultimately, winning is impossible all the time Someone out there right now is faster, younger, healthier, and smarter than you…

Does that make you a loser? Of course not So don’t let your ego make you feel worthless or insignificant Because you are not Let go of needing to win by not agreeing that the opposite of winning is losing That is your ego’s fear, not yours

3. You are not right all the time Your ego is the source of a lot of conflict and disagreement Because it wants you to be right, making other people wrong Letting go of your need to be right is very powerful Even letting people win, even when you know they are wrong…

Is it a big issue? Will it matter in 5 mins? No Then back down and move on If you are open to being wrong sometimes You can flex your humility and grow; your ego no longer blocks your path You save yourself so much energy and can focus on more important things (more…)

Paul Tudor Jones: I’m assuming a Biden victory and a blue wave

  
  Analysis

Paul Tudor Jones on CNBC

  • I think markets believe in the narrative of fiscal stimulus and it’s probably right and positive for main assets
  • The other side is what happens is that with his tax plan is that financial assets could suffer later. There’s an inverse relationship between higher capital gains and equity market multiples
  • Bitcoin has a of characteristics benefiting early adopters
  • “Bitcoin has an enormous amount of smart/sophisticated people who believe in it”
Tudor Jones has been bullish on gold and Bitcoin for awhile.

Weekly US initial jobless claims 787K vs 870K expected

  
  Analysis

Weekly US initial jobless claims data

initial jobless claims
  • Prior was 898K (revised to 842K)
  • Continuing claims 8373K vs 9625K expected
  • Prior continuing claims 10,018K (revised to 9397K)
  • PUA claims 345K vs 372K prior
  • Total people collecting benefits in all programs 23,150,427 (-1,046,493 w/w)
  • Full report
These numbers are much better than expected. There is lots of talk about fraud in PUA claims with Arizona rejecting 90% of claims. There is also the reporting mess in California that’s slowly getting sorted out. Those numbers weren’t expected to be back so soon and added 27.9K claims.
“California has completed its pause in processing of initial claims and has resumed  reporting actual unemployment insurance claims data based on their weekly claims  activity.”
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