Socialism, Materials, and Drones

Check out the accompanying pdf and chart collection. (1) The Blue Wave makes a splash. (2) Without gridlock, expect even more federal spending and mounting deficits. (3) The market has rallied almost as much during Blue Waves as it has during gridlock. (4) Hoping centrist Senator Joe Manchin (D-WV) will stymie the Socialists. (5) Mutant variants of Covid-19 may be troublesome. (6) Materials’ broad-based rally continues into 2021. (7) Weak dollar and strong industrial production in China and the US send commodity prices higher. (8) Last year’s corporate cost cutting should boost this year’s earnings growth. (9) Drones making deliveries, fighting crime, and playing lifeguard.