5 Best Stories on Real Money: Beating Covid, Market Bubble

Quiz: What’s one advantage the president has that the market does not?

Answer: He can get a doctor’s note telling you everything is wonderful. 

But investors? They’re left on their own, left trying to forecast when a stimulus bill will land, left watching every vaccine trial to spot a winner, left waiting up at night for earnings reports, and left tracking technical indicators for clues about what’s churning underneath the surface. 

Fortunately, investors do, however, have experts who can guide them. Helping us get through this messy, mucky October are Real Money and Real Money Pro writers Jim Cramer, Paul Price, Maleeha Bengali, Alex Frew McMillan, and Jim Collins.

Jim Cramer: Let’s Beat Covid-19

Cramer lays out what is happening right now to get the pandemic under control and what it will look like not that long from now — even before a vaccine is available.

Here’s the tests and

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Market Wrap: Bitcoin Slips to $11,300; Ether Locked in DeFi Is Flat

CoinDesk 20 Bitcoin Price Index

Bitcoin’s price is slipping while the amount ether parked in DeFi is in neutral.

  • Bitcoin (BTC) trading around $11,397 as of 20:00 UTC (4 p.m. ET). Slipping 1.3% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $11,313-$11,730
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin’s price was able to crack $11,700 in the past 24 hours, going as high as $11,730 on spot exchanges such as Bitstamp. The world’s largest cryptocurrency by market capitalization then trended downward, dipping to as low as $11,313 before settling at $11,397 as of press time. 

Read More: Bitcoiners Have Trillions and Trillions of Reasons to Ignore US Election

Related: What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity

Despite bitcoin’s downward move Tuesday, Cindy Leow, portfolio manager for multi-strategy trading firm 256 Capital Partners, said its overall upward price trend since Oct. 8 has created a new

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Dow Jones Industrial Average Drops as Stock Market Faces a ‘Reality Check’

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With bank earnings, Apple’s iPhone event, and the start of Amazon Prime Day on the schedule, Tuesday promised fireworks for the stock market. Instead, they delivered yawns as investors wrestled with continued Covid headlines and no stimulus.

The

S&P 500

finished down 0.6%, while the

Dow Jones Industrial Average

declined 157.71 points, or 0.6%, and the

Nasdaq Composite

dipped 0.1%. Yes, it was a down day, but not a big one.

“Stocks remained remarkably stable in the face of the scary COVID headlines and the global risk selloff, and this relative strength is even more impressive due to the lack of a stimulus deal,” writes Gorilla Trades strategist Ken Berman.

The same can’t be said for the companies that were making news.

Apple,

for instance, dropped 2.7% after releasing the details of its new iPhones. They were nice, but not exciting enough for a stock that had

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SOYB: The Market Becomes Extremely Bullish

Source: Goodfon

Instrument

The Teucrium Soybean Fund (NYSEARCA:SOYB) provides investors unleveraged direct exposure to soybeans without the need for a futures account. Therefore, the decision to invest in this fund should be made after analyzing the soybean market.

Seasonality

At the moment, the soybean futures price is already well above its five-year range. Technically, this could indicate an overbought condition. On the other hand, it could be a sign of an extremely bullish market.

U.S. Export

Excellent exports continue to provide strong market support. As of the first week of October, the accumulated volume of exported soybean together with the outstanding sales (sold, but not shipped) in the US amounted to 40.72 million tons or 68% of the current USDA forecast.

Of course, the biggest buyer is China:

Source: apps.fas.usda.gov

WASDE Report

The latest WASDE report was again positive for the soybean market. The forecast for global consumption was increased

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Billionaire investor Howard Marks warns investors should expect the lowest returns in history and the market is vulnerable to ‘negative surprises’


  • In a memo released Tuesday, billionaire investor Howard Marks warned investors to expect the “lowest prospective returns in history.” 
  • The Oaktree Capital Management co-founder said he’s been forecasting low returns for the last few years, but when the pandemic caused the Fed to move interest rates lower, expected returns lowered as well. 
  • Marks listed an array of reasons interest rates lowered returns, ranging from their stimulative effect to the reduction in the risk-free rate. 
  • “In my view, when uncertainty is high, asset prices should be low, creating high prospective returns that are compensatory,” Marks said. “But because the Fed has set rates so low, returns are just the opposite.”

Billionaire investor Howard Marks warned investors in his latest memo to expect the lowest returns in history, and said that the market is vulnerable to “negative surprises.” 

“In my view, the low interest rates represent the dominant characteristic

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UnitedHealth Expands Offers to Tap Medicare Advantage Market

UnitedHealth Group Inc. UNH will expand its Medicare Advantage (MA) health plan offerings to seniors in 291 new counties next year, in what is quickly becoming a competitive business proposition for health insurance giants.

The company is growing this business line  by expanding its Medicare Advantage (MA) policy offerings for the 2021 MA enrollment season which begins Oct 15 and runs through Dec 7. Plans selected during that time will begin on Jan 1, 2021.

UnitedHeath has a fair share of the Medicare Advantage market, which is monopolized by Humana Inc. HUM and Centene Corp. CNC followed by Aetna. which is a unit of CVS Health Corporation CVS.

However, the growing attractiveness of this market is drawing UnitedHealth to grab a greater pie of the lucrative MA market. An aging U.S. population and bipartisan support from the government made the MA market a potential place to be in. MA plans

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Bill Nygren Market Commentary – 3Q20

Are large-cap stocks really less risky?
The large-cap universe, which refers to the 250 stocks with the highest market capitalizations, is getting smaller. There were 40 newcomers to the large-cap universe in just the past year and they are much smaller businesses than those that exited. The median level of sales for these new additions was just under $2.4 billion. Compare that to the companies that exited the large-cap universe: only two of them had sales below $2.4 billion and their median sales was nearly $14 billion. The reason those new additions are now considered large cap is because the market is valuing them highly relative to their sales. The median new large-cap stock is selling at nearly 13 times its trailing sales. The companies no longer considered large cap are selling at just 1.4 times sales. Big businesses, such as Schlumberger, Phillips 66, Southwest Airlines and Dollar Tree, no

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China Stock Market Set To Add To Its Winnings

(RTTNews) – The China stock market has finished higher in back-to-back sessions, surging more than 140 points or 4.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,360-point plateau and it’s got a positive lead again for Tuesday’s trade.

The global forecast for the Asian markets is upbeat, with tech shares expected to lead the way higher. The European markets were mixed and the U.S. bourse were broadly higher and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Monday following gains from the financials, properties and oil and insurance companies.

For the day, the index soared 86.39 points or 2.64 percent to finish at 3,358.47 after trading between 3,286.11 and 3,359.15. The Shenzhen Composite Index surged 73.40 points or 3.31 percent to end at 2,289.36.

Among the actives, Industrial and Commercial Bank of China climbed 1.02 percent,

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Polish E-Commerce Company Allegro Lights up Europe’s IPO Market | Technology News

By Anna Banacka and Anna Koper

WARSAW/GDANSK, Poland (Reuters) – Shares in Polish e-commerce group Allegro leapt more than 60% on their debut on Monday, giving the company a market value of almost $19 billion in Europe’s biggest initial public offering (IPO) so far this year.

Founded more than 20 years ago as a home-grown rival to eBay, Allegro is central Europe’s most recognised e-commerce brand and its website is attracting 20 million visitors a month as consumers go online during the COVID-19 pandemic.

Allegro’s strong start mirrored the performance of some recent IPOs in the United States where shares have shot up as investors showed they were willing to pay for companies with potential for growth.

Last month, British e-commerce firm The Hut Group made the biggest debut on the London Stock Exchange in seven years and Allegro’s successful launch was a further sign the European IPO market is

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AM Best Assigns Stable Outlook to Indonesia’s Non-Life Insurance Market

Despite a bleak macroeconomic picture, Indonesia’s non-life insurance market is well-diversified and underpinned by solid capitalisation, supporting a stable outlook assigned to the segment, according to a new AM Best report.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Indonesia Non-Life Insurance,” states that the non-life insurance market’s overall robust return on equity, supported by stable historical underwriting performance and strong balance sheet fundamentals, along with good government support including infrastructure plans and economic stimulus, are factors in the stable outlook.

The Indonesia non-life insurance market expanded by 14% year over year, to IDR 79.7 trillion (USD 5.4 billion) in 2019 from IDR 69.9 trillion (USD 4.9 billion) in the previous year, supported mainly by strong growth in credit insurance. Gross premium written (GPW) for credit insurance, the market’s third largest business line, increased by 86.2% to IDR 14.6 trillion in 2019. Property insurance, the largest business

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