Fast And Furious -- ZeroHedge -- November 20, 2020

That BofA study on "Zillenials" reported on ZeroHedge never re-appeared. It's not often I catch a story posted on ZeroHedge that gets pulled almost immediately after being posted. BofA must not have been happy with their study being posted to a wider audience. 

I had hoped it would reappear. The BofA contained a huge flaw. It was not a BofA flaw but it needed to be addressed. See this PewSocialTrends link.  More on this later; perhaps in a stand-alone post, if I don't forget.

Vaccines announced? Why are the equity markets not soaring? The markets are not soaring due to a) the current rift between the Fed and the Treasury (Munchkin now trying to walk back the rift); b) no stimulus expected until March, 2021, at the earliest. Possibly February.

Other headlines over at ZeroHedge over the past couple of days:

• Did Mnuchin shoot Powell in the back?
• Cushing crude stocks soar at record pace; storage hub nears capacity (fortunately we have WTI Midland); twitter link here; Bloomberg link here;
  
• Up to 20% of Covid-19 infections are asymptomatic; far less likely to transmit virus; study;
• Walking it back: "There's plenty of firepower left" -- Mnuchin defends decision to end Fed's emergency lending programs (this rift will be forgotten by next week)
• Tesla wrecks in Oregon; projectiles hit nearby homes; fires started
• NFL primetime ratings continue their collapse, ten weeks into the season
• South Australia revokes draconian lockdown after revelation that one person lied to contact-tracers; are you kidding me?
• Pfizer asks FDA to approve Covid-19 vaccine for emergency use
• China has already jabbed a million citizens under "emergency-use" designation
• Rising up -- anti-lockdown protests spread across Europe
• CDC director: all schools should remain open. De Blasio: I know better. 

Elsewhere:

• NYC: indoor dining and gyms likely to close in next week or two
• NYC: private schools won't be forced to close