Looking for the GOP stimulus plan today, as report suggest there will be special attention to families and children.

• $1.200 direct payment
• Moratorium on evictions
• $100 billion on schools

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.

• Biggest week for earnings
• Federal Reserve FOMC
• Stimulus news from Washington, D.C.
• Big Tech CEO head to Washington, D.C.

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

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