On Monday, the S&P 500 was up another 1.6%. Toronto was closed for the holiday.
Most of the recent U.S. market strength is ties to hopes for a giant government stimulus package. There is something pathetic and wrong when the private sector stock market is so dependent on government stimulus.
Amazon was up another 4.75%. It often seems like there is no limit to how high that stock rises. I plan to take a look at its financials again after the Q3 earnings are released and try to understand it. Revenues are always soaring but profits tend to be low in relations to the stock price.
Apple was up 6.35%!
The Canadian government announced a new subsidy plan to help with commercial rent of smaller businesses. In this plan the landlords do not have to contribute anything (in the expiring plan they had to eat 25% of the rent). I will be interested to see if this is seen as positive for RioCan and the Melcor REIT. I would think it would be somewhat positive. But on the negative side is the second wave of the pandemic.