Another Incredible Day For Investors -- Overshadowed By Hurricane Laura -- August 27, 2020

This was an incredible day for economic / financial / investing news but was overshadowed by Hurricane Laura (more on that later, perhaps).

Again, look at these headlines that came out overnight but were overshadowed by Hurricane Laura:

• the BLM league canceled all round-ball games on short notice yesterday; will resume today; adds another dimension to what-has-become an urban-street pick-up game;
• "traveling" no longer called
• no defense, whatsoever
• trash talk become the norm on the court
• t-shirts with political messages becomes the norm on the bench
  
• thousands of Swedes receive false-positive Covide-19 results due to faulty test kits from China; shipped around the world -- ZeroHedge; I'm shocked; shocked!
• Aramco's cash squeeze may delay partnership with India's Reliance -- S&P Global;
• US natural gas power generation hits record -- oilprice; and, here;
  
• Saudi Arabia sees oil revenues plunge in June, 2020 -- oilprice. 
• three oil majors that bet big on renewables -- oilprice. LOL. Wait until you read the full story.
  
• environmentalists slam Norway's plan to expand Arctic oil drilling -- oilprice.
• US oil exports to China soar 139% in July, 2020 -- oilprice. 
• TSLA hits $400 billion; there are only seven companies in the S&P 500 worth more -- Barron's.

And early this morning: Jay Powell says the Fed will focus on unemployment, not inflation. That was huge, and accounts for the surge in the three major indices:

• Dow: up nearly 300 points earlier, but now up around 177 points;
• NASDAQ: was up earlier but now down about 8 points;
• S&P 500: up another 9 points;

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

QCOM: highlighted on CNBC; left for dead years ago, now surging;