i dropped my brother off at Logan today. His flight in from Nashville was cancelled at first due to too few passengers.
The comedy of all the "highway electronic signs" saying Salem is closed for the last week had me prepare my brother for the idea that we wouldn't be able to go there (i could take it or leave it) , he seemed to want to see the "hocus pocus" house which i found odd but hey i love him ha.
It's just so surreal to me the double standard of how somethings outdoors and with usually masks was covered this summer with out any condemnation for fear of i dunno what...being criticized ? (and i have no issue with the message of protests) and something so critical to Salem's economy that also brings enjoyment was announced to be "cancelled" two weeks ago. Human nature is just funny to me and always has been.
That being said "the strip" in Salem was quite busy...Everyone had masks on ...if you didn't you would be reminded kindly that you needed one by police, but the mood was very cool and Had the Halloween enjoyment vibe...I didn't see one event closed. We walked around saw a lot of cool costumes and it was just so very odd to me that the signs on the highway that day said "Salem closed" . I mean everyone in Salem is constantly just walking around past each other. I believe dining was 50% capacity or so...didn't seem odd. I was there for a couple hours in the mid day sun on Saturday and it felt much milder than i prepared for. Was nice to enjoy some normalcy.
It is obvious thou that numbers are soaring in Europe and US...the duration of this trend is going to be interesting to me...and i honestly watch it very closely because i have gotten a decent amount of success trading options the last month or two. Covid is still being priced into Markets due to the steepness of the slope and the repercussions and lockdowns and subsequent GDP adjustments ahead. Couple that with election concerns and questions about contested elections the market is at it's ripest for Volatility and a Black Swan'ish event Since March for the next week or two..thou that would likely take some Contested election and riots to achieve in addition to the Rise of Covid. Also Global indicators like the Baltic dry index/ shipping index has fallen quickly in last 2 weeks to important support levels as well as OIL has really just begun tanking again as the dollar has rallied. The Fed decision after its two day meeting this Thursday (to expand asset purchases) will play a sizable role in the end of the week market activity , thou the various Fed Governor speeches (over 60 in last month) have repeated the same low pitched scream "downside risks to the economy exist without continued fiscal stimulus" ..and they certainly do. The Fiscal inaction since August.. during pandemic has been clearly documented as a driving force of this years growing Wealth inequality without stimulus as the hit has been (so far) to lower paying jobs on average,* fascinating how that isn't really a story , given everyone talking about inequality, guess the political donor class is doing quite well and is often just "acting" and the awareness of this via any media is low.