Things to chew on from Brian Gilmartin at SA:
Summary ° There seem to be too many different types of risks developing around the Presidential election.
° Personally, I still think Financials in general and bank stocks in particular are more "value" than "value trap" but more patience will be required.
° It's another dry week for S&P 500 earnings releases, but the fireworks really start once again in the week of October 12th, 2020 when the big banks and many financial companies kick off 3rd quarter earnings.
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https://scontent-bos3-1.xx.fbcdn.net/v/t1.0-9/121045397_10158137075281749_1044652665160004636_o.png?_nc_cat=1&_nc_sid=730e14&_nc_ohc=it9ZIxKnNWIAX_-rZSA&_nc_ht=scontent-bos3-1.xx&oh=08e57278c9d1cd525117b0d17719b47c&oe=5FA46A2E
https://www.axios.com/trump-mccarthy-wants-stimulus-deal-b872e5b8-243a-44f2-adfb-998b87fd1816.html
A friend of mine tells the story that seventy years ago his father supported his family (rather well) as a projectionist at a movie theatre. These days people snicker at the idea of such people earning a wage that allows them to think of sending their children to college. Wages like that destroy shareholder value.
Stay safe , Derf