News on escalations re NK are yen positive although the market has become a little complacent on such reports. Yen is not moving much on this report.
Yen unchanged.
In addition to a slew of big-name earnings including Apple, Amazon, Google the key economic releases and events for next week include:
In addition, the US coronavirus relief package will continue to be worked out between Republicans and Democrats.
Some positive comments on vaccines from infectious disease expert Dr. Fauci
Investing:
- Don’t be too fixated on daily moves in the stock market (from Berkshire letter published in 2014)
- Don’t get excited about your investment gains when the market is climbing (1996)
- Don’t be distracted by macroeconomic forecasts (2004)
- Don’t limit yourself to just one industry (2008)
- Don’t get taken by formulas (2009)
- Don’t be short on cash when you need it most (2010)
- Don’t wager against the U.S. and its economic potential (2015)
Management:
- Don’t beat yourself up over wrong decisions; take responsibility for them (2001)
- Don’t have mandatory retirement ages (1992)
- “Don’t ask the barber whether you need a haircut” because the answer will be what’s best for the man with the scissors (1983)
- Don’t dawdle (2006)
- Don’t interfere with great managers (1994)
- Don’t succumb to the attitudes that undermine businesses (2015)
- Don’t be greedy about compensation, if you’re my successor (2015)
Last, Buffett advises “Don’t worry about my health” — because Berkshire’s future success is is tied to reinsurance lieutenant Ajit Jain. “Worry about his.” (2001)
The IMF is out with a series of headlines on the US economy as the coronavirus risks increase. They say:
Investing: