Reveille Letter - Pre-market morning financial commentary with an international circulation

Blog Detail


Reveille Reconnaissance Blog

This blog is for the benefit of both subscribers and non-subscribers and is public to assist...
To subscribe to the Reveille Letter,
click here

In The News for Friday, May 22, 2020
Posted May 22 2020 7:06AM

·       I’ve been a fan of Brian Wesbury for years. Here is a brief clip of Brian explaining why he is bullish and why the stock market is not overvalued.

·       There seems to be hope that the public is catching on. President Trump’s approval rating is now higher than Barrack Obama’s at the same point in his presidency. This is despite a press that is unified in its negative coverage. The Washington Post runs about 25-1 in terms of negative stories versus positive ones. As the media has become more hysterical, the president’s approval ratings have climbed. A good example of the media’s bias is the differing treatment of Governors Cuomo and DeSantis. DeSantis got it right, much to the chagrin of the press who begrudged it.

·       For a great parody of how some of our power hungry elected officials are behaving, watch this clip from Woody Allen’s Bananas. Perfect!

·       Go figure. JP Morgan finds infection rates are declining in states that ended lockdowns. I’ve passed frustration and am pretty much into rage as I watch the deluge of misinformation being promulgated by a media that hasn’t a clue and a group of politicians drunk on their ability to control our lives. They’re about to find out that it is difficult to control a population that refuses to go along.

·       And now we find out after my wife has had me wiping down everything that comes into the house from the groceries to the mail. CDC now says virus ‘does not spread easily’ on surfaces. This on the heels of the news that there is no evidence that masks help.

·       2021 Oscars may be postponed, hopefully forever. But…but…How will we know what they think about the pressing issues of the day?  

·       Ted Cruz’ Tweet seems to have struck a nerve. As Ted replied to all the Obama acolytes who were triggered, “It’s curious, running screaming away from the crime scene doesn’t typically convey calm or innocence.” The false narrative of a ‘scandal-free presidency’ seems to have been slapped in the face by reality. Again, as usual, Michael Ramirez nails it.

·       Trump is looking to break out of the White House and hit the campaign trail again. The hue and cry from the press will be something to behold.

·       There seems to be a backlash developing in Virginia that could have implications for the national elections in November.

·       The Trump campaign thought that intelligent people might need an alternative to the triggered TDS nitwits on The View like Whoopi Goldberg and Joy Behar, so they came up with an alternative, The Right View. It debuted Wednesday night.

·       I saw Mark Cuban on Hannity Wednesday evening and came away with the same conclusion as Paul Mirengoff of Powerline. Not impressed.

·       Voter fraud? What voter fraud? Philadelphia election official pleads guilty to stuffing ballots in return for bribes.