STOCK MARKET WATCH -- Wednesday, 15 September 2020

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 15 September 2020

Previous SMW:
SMW for 14 September 2020




AT THE CLOSING BELL ON: 14 September 2020


Dow Jones 27,993.33 +327.69 (1.18%)
S&P 500 3,383.54 +42.57 (1.27%)
Nasdaq 11,056.65 +203.11 (1.87%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:





Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[Warpy]

1. The price of inequality? Lost annual income of $42,000 for typical worker, study finds

Income inequality has given the rich a greater share of the economic spoils than middle- and low-income earners. That's resulted in a very real impact on the incomes of middle- and low-income households, with the typical full-time American worker now earning $42,000 less than they would have if inequality hadn't surged over the last four decades.

That's according to a new analysis from researchers at Rand, the global policy think tank. Its researchers wanted to look at the dollars-and-cents impact on U.S. households from yawning income inequality, which has lifted the fortunes of the rich to that of Gilded Age levels.

Prior to the mid-1970s, Americans' incomes, no matter their level, generally rose in step with overall economic growth. But that changed in the late 1970s, with the rich capturing the lion's share of economic growth, while middle-class and lower-income workers eked out gains far below par

https://www.cbsnews.com/news/income-inqequality-42k-lost-anually/

I doubt this will be reported by network news and certainly not reportecd well.

What could you have done with that $807.69 a week?

[tclambert]

2. Is it Wednesday already?

Darn, I was looking forward to Tuesday. Hope I didn't miss any appointments.

[Tansy_Gold]

3. LOL -- sorry for the confusion.

Sometimes I lose track of the days. I do Tuesday's SMW on Monday, and Wednesday's on Tuesday, so when I see it's Tuesday, I think it's probably really Wednesday.

Did you follow that? I didn't think so.



Will try to get it right . . . today.

[Hugin]

4. Maybe we should update the template for the common era.

Fix the date permanently as, "Blursday, Somethingth of a Month, The-Year-not-to-be-mentioned."

Then, if we're all around, we can do a do-over in January of the next year.

[Tansy_Gold]

5. I'm not thinking that far ahead . . . . .

. . . .yet.

I just want to get through the next 48 days.

Contrary to what some media types are saying, I think we'll know very quickly what the outcome is. Either way however, I expect violence. It's not looking pretty.