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Paper ballot stories continue to get more exciting. It is clear the votes will not all be counted by midnight on November 3. It may take weeks, and possibly longer based on legal challenges. I am hoping things will be orderly and people will understand the process. I offered my perspective on our voting process on Tuesday night in a Zoom webinar. Some people had trouble logging in or missed the webinar, so I have a recorded version available. You can watch it here.
I will be doing a fifth video webinar about mobile voting and paper ballot issues for the Ridgefield Men’s Club on Wednesday, November 4, 2020.
Amelia Powers-Gardner is the County Clerk in Utah County. She totally gets it. Listen to an interview with her and you will wonder why more of our 3,141 counties don’t think like her. She explains the reasons well.
Wall Street and the MAGFA Stocks
The MAGFA index, is holding steady at 23% of the S&P 500. The five companies maintained their market values, still spectacularly high, but nothing goes straight up forever. The techs will fall under pressure at some point as both political parties are picking on them and preparing legislation. The largest gain in the stocks I track was in Uber. They have made a bold move in freight trucking and have gained approval in London for ride sharing after a long legal battle.
| John’s MAGFA Market Cap (10/02/20 4:00pm ET) | |||||
| Closing | Market Cap | Last | Change in | % | |
| Price | Trillions | Week | Billions | Change | |
| Microsoft | $208 | $1.6 | $1.6 | -$30 | -2% |
| Apple | $114 | $1.9 | $1.9 | $0 | 0% |
| $1,467 | $1.0 | $1.0 | $0 | 0% | |
| $262 | $0.7 | $0.7 | $0 | 0% | |
| Amazon | $3,139 | $1.6 | $1.6 | $0 | 0% |
| Total | $6.8 | $6.8 | -$30 | 0% | |
S&P 500 8/31/2020 | $28.9 | $28.9 | |||
| MAGFA/S&P 500 | 23.4% | 23.5% | 0% | ||
| Bitcoin | $10,541 | $194.0 | $198.0 | -$4 | -2% |
| Boeing | $168 | $95 | $88 | $7 | 8% |
| Royal Caribbean | $65 | $14 | $14 | $0 | 0% |
| Tesla | $419 | $390 | $380 | $10 | 3% |
| Uber | $37 | $66 | $60 | $6 | 10% |
| Zoom | $486 | $138 | $141 | -$3 | -2% |
Note: These five stocks and Bitcoin are in billions not trillions | |||||
Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.