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Morning Commentary


By Charles Payne, CEO & Principal Analyst
10/6/2020 9:37 AM

Question of the Week

Which Presidential candidate would be best for your personal finance?

I know the answer, but I want to know what people think.

Post your answer below.

(Return of the Mack) Come on

(Return of the Mack) Oh my God

(You know that I'll be back) Here I am

(Return of the Mack) Once again

(Return of the Mack) Pump up the world

(Return of the Mack) Watch my flow

(You know that I'll be back) Here I go

Return of the Mack – Mark Morrison

President Trump notified the world that he would be leaving Walter Reed National Military Medical Center, and the stock market went into overdrive.

All the major indices closed near the highs of the session. And in the process, they pierced key resistance points. Let’s see if there is any consolidation, but technically, there should be a clear shot back to the September 2nd highs.

S&P 500 Index


Communication Services XLC


Consumer Discretionary XLY


Consumer Staples XLP


Energy XLE


Financials XLF


Health Care XLV


Industrials XLI


Materials XLB


Real Estate XLRE


Technology XLK


Utilities XLU


Widening Winner’s Circle

What’s even more encouraging is that buying is fanning out with the winning column and climbing rapidly.

S&P 500

 S&P 500 winners are now at the highest level since September 2nd. The average gain is just about the same (243 winners with an average gain of 23.5%).

NASDAQ Composite

Nasdaq winners are now at the highest level since the Covid-19 selloff. And now, there are more winners than losers for the year (506 versus 503). Moreover, the gains have been monstrous. The average gain for the winners; 71%, and the top 20, 590%.






Novavax Inc




Overstock.com Inc




Seres Therapeutics




Workhorse Grp




Zoom Video Communications




Adaptimmune Therapeutics




Livongo Health Inc




Sunrun Inc




DraftKings Inc




Forte Biosciences Inc




Tesla Inc




Digital Turbine




Plug Power Inc




Celsius Holdings Inc




Arcturus Therapeutics Ltd




OnTrack Inc




Exp Realty International




Acme Research Inc




Immunomedics Inc




Twist Bioscience Corp



Stronger Breadth

Market breadth was strong, although there were more losers than I would have guessed for such a strong session.



New 52-week highs for the New York Stock Exchange and the NASDAQ Composite reached their highest levels since September 2nd at 119 and 128, respectively.

Hotline Model Portfolio Approach

There were no changes to the Hotline Model Portfolio yesterday. Today, we are adding a position to Materials.

Investing Themes:

Short Squeezes


Today’s Session

While 75 bps is low for a bond yield its breaking out and signaling good things for the economy and stock market.  We are looking for a move to 1.00% from here.

Donald Trump. He, at least, has a good grasp of reality. What is feasible and what is not. What is sane and what is not. He thinks about the peoples' pocketbooks and not the next election.

Louis Doublet on 10/6/2020 8:07:40 AM
Bidenís ďpeopleĒ donít want us to succeed or be independent. They want us to need government. Trump wants us to be successful. Stand in our own.

Sherry Anderson on 10/6/2020 8:46:01 AM
Trump. Biden and the left will destroy the progress the US has made since 2016

James Dorrion on 10/6/2020 9:10:45 AM
Trump will support growth more effectively.

Steven Henderson on 10/6/2020 9:29:39 AM
My vote is Trump. His record for economic growth for all Americans is unparalleled. Biden? 8 years of malaise after the 2008 recession, which is nothing compared to this China Virus induced economic shutdown of 2020.

Deborah on 10/6/2020 9:58:38 AM

Dave Daubard on 10/6/2020 9:58:41 AM
President Charles Payne or Donald Trump

Timothy M Klingsick on 10/6/2020 9:59:51 AM
Please look at article in John Solomonís, Just The News, about the WHO saying that masks do not prevent the spread of the virus. Yet every day the fake news is saying how irresponsible Trump is for not wearing a mask. 3 virus specialists were on Fox last evening saying how shut downs do not work! I guess it depends which scientists you want to listen to. Thank you Charles for all your great work.

David Hays on 10/6/2020 10:06:11 AM
Donald J. Trump's reelection would be the best for my personal finance. Less regulations Lower Taxes and Job Creation.

Joseph Bruno on 10/6/2020 10:07:04 AM
This is the greatest president of all time

vincent Mejias on 10/6/2020 10:13:27 AM
Trump beyond a doubt!
Biden scares me as a mother and grandmother. I want my family to work hard and prosper. I saw a Biden ad this morning offering $7000.00 to families for Day Care! That is bait at best and bribery at worst!
So tempting for young propel who donít fully understand the consequences of government hand outs!

Kathy DiDomenico on 10/6/2020 10:20:14 AM
If DJT would shutter the Twitter Account, back of the hyperbole and focus on core economic issues and problems, speak of unity and what MAGA means ( One Nation Under GOD with Liberty, Justice and Opportunity for ALL). He would win!

Garro on 10/6/2020 10:20:15 AM
Trump! The one and only!!

Stephan M. Grillitz on 10/6/2020 10:24:23 AM
President Trump

DAVE JOHNSON on 10/6/2020 10:48:53 AM

Joe Welch on 10/6/2020 10:48:58 AM

Tim Taylor on 10/6/2020 10:49:02 AM
president's virus is worst then ever he is going to be in quarantine in the white house till 2025

dave scott on 10/6/2020 10:54:28 AM
If Biden wins Iím leaving the country lol

Michael D Thomas on 10/6/2020 11:10:00 AM

Maureen Brami on 10/6/2020 11:12:15 AM
President Donald Trump, proven record, loves America and the people who make the country work!

Mary Gentry on 10/6/2020 11:12:39 AM
President Trump will be the best

David Payne on 10/6/2020 11:13:43 AM
Trump has to win!

Debby Deering on 10/6/2020 11:14:26 AM
Been a fan since BULLS &BEARS, CAVUTO, VARNEY.You are main stream, am enjoying your book. At 78 yr old investor need some modest suggestions on MUTUAL FUNDS AND ETF, volitility is for traders.

MR CIFFONE on 10/6/2020 11:17:09 AM

Chris Byrd on 10/6/2020 11:20:42 AM
Trump would be the best for my personal finances and my peace of mind.

LISA MATZKE on 10/6/2020 11:31:01 AM
We need another 4 years of Trump to return our jobs and economy!
Has anyone counted how many times Biden has said "I got in trouble" in his speaking? Are these the words of a leader? Worrying about getting in trouble with the people behind him, my kids used to behave this way at 5.
Everyone needs to vote!!

Betty on 10/6/2020 11:41:58 AM
Certainly President Trump!!

Rylie Larimer on 10/6/2020 11:45:05 AM
Yahoo Finance reports that Biden will be better for the stock market because of stimulus and free money.

Bert Colima on 10/6/2020 11:47:28 AM

Ron Nelson on 10/6/2020 11:47:34 AM

Eydie Adams on 10/6/2020 11:51:48 AM
Trump has improved my family's financial condition dramatically with tax cuts, reduced gov't regs, resulting stock market improvement, great pro business environment. He has shown up the swamp for who they are - economic failures, power hungry socialists (Marxists), crooks who steal your money for their personal gain.
I am still looking for the "shovel ready jobs" that Obama /Biden promised. Go Trump and vote republican.

Edward on 10/6/2020 11:52:17 AM
Without question. The guy that improved my finances before and is already doing it again, silly.Trump all the way.

Leelee Clement Doughty on 10/6/2020 12:06:22 PM
Without a doubt, President Trump is the best choice.

Bonnie Ball on 10/6/2020 12:11:54 PM
Donald Trump would be best for the economy and the nation.

Harold Vaughn on 10/6/2020 12:15:11 PM
Are you kidding, I live in CA. a democrat controlled state for 20 years. Our income tax rate is over 13%, and has been for years. What do we have to show for it? No new roads, and the traffic has increases every year, and the roads we have are deteriorating. We pay over $.30 a gallon in state gas tax, plus a sales tax average of 7.85%. The state parks are in various states of disrepair, but we pay $7.00 just to enter the parking lot, $35.00 for a camp site. Its sad to see this lack of concern for the deteriorating of our state, especially when we see our taxes go up to fixed things, that never get fixed.

mike moule on 10/6/2020 12:16:57 PM
What a silly question. Is there anyone, who hasnít swallowed the kool-aid, really believe that Biden could hold a candle to Trump on the economy?

Jim Hildreth on 10/6/2020 12:20:41 PM
President Donald Trump!!

Edgar Gary Brandin on 10/6/2020 12:33:02 PM
So many things wrong with our country. My biggest reason for voting for Trump last time was the "Drain the Swamp" part of his platform. Even though I knew Trump, and most everybody else, didn't realize just how deep that swamp was and is, it is now more than ever so evident that President Trump was and is the right person for the job at the exact right time. The political establishment, both Democrats and Republicans, for the past 40 years have sold out all of us for their own personal gain. Trump has been ruining the establishments gravy train, and they are fighting like hell to try and salvage as much as they can. Again, everybody needs to understand that it is the "Career Politicians", BOTH "Democrat and Republicans", that have screwed this country and ALL of the constituents contained there in that aren't part of the "Club Elite" - which is 98% of us. And my largest concern at this point is, even with another 4 year term, will that be enough time to clean up the corrupted and politicized Judicial System and Intelligence community. No one has gone to jail over the crap our President has put up with for his entire first term. I don't think another term will be any better, and I don't think anyone significant or any of the major conspirators involved, will ever see any meaningful punishment. Unless serious consequences and punishments for most of, if not "ALL" of, the main players comes to fruition, this country will not survive another 25 years - even with another 4 year term of what appears to be the greatest President we have ever had or will ever have. From my view, another 4 years just isn't enough time. And all of the blame lies with all of us, the complacent voters. And votes aren't cast only at the voting booth. Supporting irresponsible companies, not holding teachers and schools accountable for the outrageous, harmful ideology forced upon our children and future leaders, and many other atrocities that we all have turned a blind eye to over the past decades is why we are where we are today. No President has a "Do all, Be all" authority. Without people becoming active and demanding honesty and accountability with all our elected and non-elected leaders, I see very little, other than our current President, to make me think it is ever going to get any better. But with another 4 years of the Great President Donald Trump at the helm, maybe, just maybe, there is still some hope.

Chester Vaughan on 10/6/2020 12:36:18 PM
President Trump is best for my financial future, hands down!

James on 10/6/2020 12:53:58 PM
I think the last 4 years answers that question. Trump and the Republicans, know how to run the country. it should be run just like a business. And everybody knows the Democrats cant run a lemonade stand. Let alone the country.

james walsh on 10/6/2020 12:54:23 PM

Tom on 10/6/2020 12:55:24 PM
President Trump is best for the economy. He is a business man, he has proven he can turn the economy around AND provide positive results after the COVID shutdown.

Cheryl L Schmidt on 10/6/2020 12:56:39 PM
As a 30+ year veteran of the broadcast industry, it turns my stomach to watch ANY of the TV Network news broadcasts, as what they are presenting is NOT news but propaganda. SHAME on NBC, CBS and ABC. My poor wife has to listen to me yelling at the TV screen while I witness one attack after another on our president. NOTHING HE DOES seems to meet with the network TV news department's approval, as these FAKE JOURNALISTS continue to feed their garbage to viewers who are unaware of the foul indoctrination and misinformation being presented as "news." I am disgusted to the Nth degree with what I view and find the BBC as presenting the only truly unbiased presentation of the facts about Mr. Trump and his administration. Leave it to the liberal, drive-by media to mislead the American voting public. God help us if their unfettered support for life-long politician, Joseph Biden, helps him gain access to the White House.

James Warlin on 10/6/2020 12:58:30 PM
President Trump. He's already shown he knows whats needed to bring the economy back to it's former glory. But it could be a bit more challenging this time because of the resistance from Dems.

Dennis Pocino on 10/6/2020 1:01:21 PM
President Trump, it goes without saying.

Nathan Hunter on 10/6/2020 1:24:11 PM
President Donald J. Trump!

Patti Hall on 10/6/2020 1:58:05 PM
trump....the man and more importantly the ideals

john holland on 10/6/2020 2:14:15 PM
President Donald J Trump

James Lewis on 10/6/2020 2:33:29 PM

Anthony Magnotta on 10/6/2020 2:33:37 PM

Beth A Cage on 10/6/2020 2:45:44 PM

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