Omg this is big. Wechat will be ban from apple and google app store. Wtf trump ?

Seemed for now its only for US. Lets hope its not a blanket ban like those on huawei.

Overview of the September 2020 Snapshot

Consumer spending continued to recover in July. Spending remained tilted toward goods and away from services compared to pre-pandemic levels. Services expenditures were still significantly below their February level. Consumer confidence remained low in August.
Real business equipment spending plunged in 2020Q2, reflecting disruptions linked to the COVID-19 pandemic. Shipments of nondefense capital goods ex-aircraft rebounded further in July, and new orders were modestly above shipments, suggesting some near-term momentum.
Housing activity continued to rebound in July. Single-family housing starts, new and existing home sales all rose strongly with signs of further momentum in the short term; uncertainty about the longer-term outlook remains high.
Payroll employment continued to expand in August. The unemployment rate fell, mainly due to a further decline in temporary layoffs. The labor force participation rate and the employment-to-population ratio both increased moderately, but remained below pre-pandemic levels. With the latest reading, about 48% of the drop in payroll employment between February and April has been reversed.
Core PCE inflation remained well below the FOMC’s longer-run objective.
U.S. equity indices increased over the last month, amid rising volatility. The nominal 10-year Treasury yield rose modestly but remained low. The market-implied expected policy rate path rose moderately. The broad trade-weighted dollar index declined slightly. Oil prices were little changed on balance.

well, it could be another SNOW that only lasts for a day.   

A federal judge in California temporarily blocked the Trump administration’s executive order curbing Americans’ use of WeChat, upholding a motion from users of the popular Chinese-owned messaging and e-commerce app.

U.S. Magistrate Judge Laurel Beeler entered an order Sunday for a preliminary injunction blocking the federal ban on U.S. downloads and other functions from going into force as scheduled for 11:59 pm Sunday.

NKLA go up today ?

Based on what I know, Beijing won't approve current agreement between ByteDance, TikTok's parent company, and Oracle, Walmart, because the agreement would endanger China's national security, interests and dignity.

Very nice! Come on, bear bear be strong! Give me more! 

come on bear bear, don't lose up, stay strong! 

isnt 30% corrections rare like they statistically happen once every 5 years. one happened early this year and another 20+% correction happened last year. then again anything can happen

Elon Musk twitted something not so positive.
those looking to load at lower price, tonight may go down little more.

i expect this up and down trend continue until after election, in which case if biden wins, stock market most likely will go further down, if trump win it'll go up.

Another key event which will create volatility in the stock market this week is the first Presidential Debate scheduled for tomorrow 7 am KL time.

A team of blank-check company dealmakers is seeking to raise $100 million for a fund that will invest exclusively in special purpose acquisition companies.

Boston-area investment firm Easterly Alternatives plans a fund that will invest in as many as 15 SPACs, according to documents reviewed by Bloomberg. The firm and its partners say they’ve been involved in more than 50 SPAC initial public offerings in the past five years and say the fund will be the first of its kind.

The fund will primarily target new-issue blank-check companies that are repeat SPAC issuers and have “former public company executives on the sponsorship team,” according to the documents. Easterly is targeting gross returns of 12% to 15% annually and the minimum investment will be $5 million.
Darrell Crate

I don't like Trump but hope get another 4 yrs for the sake of bull run

Any source for the dry powder liquidity? Would like to keep track of it if it's publicly available

Anyone buying BABA ? hehe

Don't really follow BABA much,what's with the massive drop today? Related to the failed Ant IPO?

A meeting called by four financial regulators on Monday changed all that. The People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange said late in the day that they had summoned Mr. Ma, Ant’s executive chairman, Eric Jing, and its Chief Executive Simon Hu to a meeting, without providing details.

Ant said Monday that “views regarding the health and stability of the financial sector were exchanged” at the meeting, and that it would embrace regulation and service China’s economy and its citizens.

On the same day, the country’s banking regulator released draft rules on microlending that, when implemented, could slow the expansion and profitability of one of Ant’s fastest-growing businesses.

The Shanghai exchange said its decision to suspend Ant’s listing was because the meeting and changes in the financial-technology regulatory environment constituted major events that didn’t meet its standards for disclosure to investors.

Why market bull today? Election has no risk anymore? 

Suspended IPO, but I've bought some during the dip

so how many days we need to wait for the final election results? really 1 week later, that long?!

It's likely that in Sun Belt battlegrounds such as Florida, North Carolina and Texas, the first totals to be reported will be huge tranches of mail and early in-person ballots that break heavily for Joe Biden, creating a "blue mirage" in the early tallies that could be erased once Trump-friendly in-person Election Day votes are tabulated.

But the opposite could be true in northern battlegrounds such as Michigan, Pennsylvania and Wisconsin, where officials are not permitted to begin processing mail ballots until the day of the election (or, in Michigan's case, the day before). In those states, a "red mirage" of Trump-heavy Election Day votes could linger until larger metro counties report huge tranches of early ballots later in the evening.

just open webull account. Is it okay?