Morning Commentary
Looking for the GOP stimulus plan today, as report suggest there will be special attention to families and children.
The sticky point is Mnuchin’s plan to limit unemployment benefits to 70% of paychecks. I’m not sure if they are basing this on median or average incomes.
If it’s the latter, then the change from current benefits with $600 from the federal government is limited for states with lower max unemployment benefits.
Mnuchin Plan |
Max State UI |
Average Income |
70% Plan |
Weekly Loss |
Alabama |
$275 |
$51,347 |
$691 |
-$184 |
Arizona |
$240 |
$57,422 |
$773 |
-$67 |
Florida |
$275 |
$52,728 |
$710 |
-$165 |
Geogia |
$365 |
$58,280 |
$785 |
-$180 |
Louisana |
$247 |
$53,095 |
$715 |
-$132 |
Michgan |
$235 |
$58,132 |
$783 |
-$52 |
Tennessee |
$275 |
$59,121 |
$796 |
-$79 |
North Carolina |
$350 |
$56,343 |
$758 |
-$192 |
Kentucky |
$552 |
$50,701 |
$683 |
-$469 |
Mnuchin Plan |
Max State UI |
Median Income |
70% Plan |
Weekly Loss |
Alabama |
$275 |
$33,740 |
$454 |
-$421 |
Arizona |
$240 |
$37,020 |
$498 |
-$342 |
Florida |
$275 |
$34,560 |
$465 |
-$410 |
Geogia |
$365 |
$35,950 |
$484 |
-$481 |
Louisana |
$247 |
$33,390 |
$449 |
-$398 |
Michgan |
$235 |
$37,620 |
$506 |
-$329 |
Tennessee |
$275 |
$34,890 |
$470 |
-$405 |
North Carolina |
$350 |
$35,750 |
$481 |
-$469 |
Kentucky |
$552 |
$34,650 |
$466 |
-$686 |
Portfolio Approach
Today’s Session
There is so much happening this week. I suspect the market trades in a narrow range until midweek.
This morning, durable goods came in at 7.3% in June against consensus of 5.4%.
June Durable Goods
Business Investment Soared
Equities have begun to drift ahead of the open. Stocks are not down enough to lure aggressive buyers, but sellers are reluctant to unload here and would need to see more pressure.
Comments |
Thanks for your info Harry Wyman on 7/27/2020 10:03:46 AM |
CHARLES, I been a fan since BULLS &BEARS, CAVUTO, VARNEY. I appreciate your ETF analyis as I am a timid investor and am mostly in mutual funds sectors. Nick NICK CIFFONE on 7/27/2020 7:11:01 PM |
Tweet |
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