I know it does not seem that way but as we move away from lock down’s, the trend towards good news will help lift stocks further. Protest and riots typically last less than 10 days and than fizzle out. Right now the protest and riots are dominating the headlines. The silver lining to the protest and riots is that is has blown up the “social distance” narrative governments were enforcing. All of this money creation is going to go somewhere. I believe it will find its way into financial assets. As the trend of good news continues, some of these beaten down industries such as travel, restaurants, entertainment and airlines are really going to sky rocket. I made a list of some good stocks here. The performance tab has Facebook and JP Morgan as open positions. However, I do own a large amount of six flags and have not sold any shares yet. If you bought Darden Restaurants (DRI), I would probably sell some right about here.
The V shaped recovery in stocks was surprising.
These rarely happen. Given the amount of money and credit though I should have not been surprised by it.