Good morning.
So far, the market is shrugging off a rising number of cities and states looking to lock down their economies again. Why? Because markets are forward-looking. And with not just one, but now two potential vaccines underway, markets are looking forward to the spring. That’s when the vaccines should be widely available.
Don’t expect smooth sailing. With many proclaiming a “second wave,” expect some turbulence in the markets before any vaccine can come to market. Fortunately, turbulence just means more trading opportunities.
Now here’s the rest of the news:
November 17, 2019
Good morning.
In a year of failed IPOs that saw a decline in valuation from the first day of trading, a number of bankers went to Saudi Arabia to discuss their concerns that Saudi Aramco’s IPO would be nowhere near the $2 trillion valuation the Kingdom expects.
But here’s the kicker: The bankers, who had a 10-minute meeting with company leaders, were first kept waiting for five hours. That’s hardly conducive to building a good working relationship, and we wouldn’t be surprised if the Aramco IPO was, once again, pulled or otherwise further cut back.
Saying ‘No’ to a client can be uncomfortable, and so says Darren Hardy in today’s post…
Good, or good? 😉
