The stock market is sending signals that a Biden-led blue wave is getting less certain, says one Wall Street strategist


  • While the polls suggest a blue wave victory is in reach for Democrats this November, the stock market isn’t so sure, according to a note from Evercore ISI.
  • Wall Street strategists have been forecasting that a blue wave would likely be positive for stocks on hopes of a large stimulus deal shortly after the election, which would help spur a surge in value and cyclical stocks.
  • But this week’s rotation out of value and into tech suggests that chances of a blue wave in November are less likely, according to the note.
  • Visit Business Insider’s homepage for more stories.

Wall Street is increasingly expecting a blue wave victory for Democrats this November after the polls close, which would likely lead to the reflation trade: a surge in cyclical and value stocks at the expense of technology and growth stocks.

But recent trading activity in the stock market suggests

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Johnson has ignored the science and blown our chance to stop a second wave

We shouldn’t be here. Back in June, England had the opportunity to suppress the virus. With a functional test and trace system, support to help people self-isolate, a robust set of regulations to keep work and leisure spaces safe and a clear public communications campaign, we could have suppressed coronavirus into the winter.



Boris Johnson in a suit and tie: Photograph: Toby Melville/AFP/Getty Images


© Provided by The Guardian
Photograph: Toby Melville/AFP/Getty Images

But the opportunity was squandered. Worse, as restrictions were lifted on 4 July – what became known colloquially as “Freedom Saturday” – we were encouraged to relax, to travel back to work, to go to the pub, to mix and mingle. Meanwhile, the country’s dysfunctional, centralised and privately-run test and trace system lurched from one calamity to the next. World class? At failing to contact people and succeeding in losing data, perhaps.

The virus never went away. In some deprived communities, such as Bolton and Rochdale, infections remained

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Apple Wins Patent for Ultrasonic Wave Technology that accepts Touch Commands Under Water

 

Today Apple was granted a patent titled “Ultrasonic touch detection through display” Apple’s granted patent relates to system architectures, apparatus and methods for acoustic touch detection and exemplary applications of the system architectures, apparatus and methods. The technology will allow touch commands on an iDevice under water and more. 

 

 Apple notes in their patent filing that the position of an object touching a surface can be determined using time of flight (TOF) bounding box techniques, acoustic image reconstruction techniques, acoustic tomography techniques, attenuation of reflections from an array of barriers, or a two-dimensional piezoelectric receiving array, for example.

 

Acoustic touch sensing can utilize transducers, such as piezoelectric transducers, to transmit ultrasonic waves along a surface and/or through the thickness of an electronic device to the surface.

 

As the ultrasonic wave propagates, one or more objects (e.g., fingers, styli – Apple Pencil) in contact with the surface can interact with the

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New Bahrain-based $60 million MENA VC fund sees post-COVID tech wave

DUBAI (Reuters) – A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.

Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.

“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.

They will make seed stage and series A investments.

As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up hub for

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These Stocks Are Bound to Benefit From the Zero-Contact Wave

– By Ishan Majumdar

The Covid-19 pandemic has significantly impacted the way people are living their lives these days. This has led to a number of behavioral changes in the life of the average consumer, and one new aspect that has particularly gained importance is the use of zero-contact solutions. Consumers and businesses alike are looking to minimize contact with others as far as possible, whether through grocery delivery, healthcare, or payment solutions.

This “zero-contact wave” is likely here to stay for a while, and there are a number of companies providing solutions within this space that could heavily benefit from this new consumer behavior. Here are some of my picks.

Phreesia Inc.

The need for contactless healthcare services, particularly with the capacity of healthcare facilities being used heavily by Covid-19 patients, has pushed many consumers to telehealth providers. However, telehealth is not a solution for all kinds of healthcare

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In a battle of AI versus AI, researchers are preparing for the coming wave of deepfake propaganda

An investigative journalist receives a video from an anonymous whistleblower. It shows a candidate for president admitting to illegal activity. But is this video real? If so, it would be huge news – the scoop of a lifetime – and could completely turn around the upcoming elections. But the journalist runs the video through a specialized tool, which tells her that the video isn’t what it seems. In fact, it’s a “deepfake,” a video made using artificial intelligence with deep learning.

Journalists all over the world could soon be using a tool like this. In a few years, a tool like this could even be used by everyone to root out fake content in their social media feeds.

As researchers who have been studying deepfake detection and developing a tool for journalists, we see a future for these tools. They won’t solve all our problems, though, and they will be

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MST Solutions Doubles Down on Culture and Innovation to Drive Next Wave of Growth

The digital services company realized record results amid rapid shifts in the industry

The second quarter introduced seismic shifts in the health care, public sector, and manufacturing industries, and MST Solutions, Arizona’s leading Salesforce CRM and marketing automation consulting partner, quickly responded to meet the new demands of these sectors by introducing a new licensing solution, and two Salesforce solutions. As a result, the company has reported better than anticipated Q2 growth and beat its first-half goals by double digits.

The MST Licensing Solution for Salesforce, an all-in-one cloud platform built specifically to allow licensing organizations to automate licensing, permitting, and enforcement processes, and support virtual operations, was introduced at a pivotal time when many organizations were forced to halt in-person services. However, most were not set up to go virtual as they still relied heavily on paper-based, manual processes. The cloud-based Licensing Solution alleviated this reliance and enabled a

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Digging into the next wave of tech IPOs

After taking five consecutive business days off from my work laptop — and to shout at my personal laptop while losing games on Dominion online — I am back. I missed you. And while The Exchange’s regular columns were off this week (Friday aside, which you can read here), there’s still a hell of a lot to talk about.

First, a new website. If you click here, you’ll be taken to a sortable list (spreadsheet? database?) of startups with Black founders. Dubbed The Black Founder List, it’s a great asset and tool.

For folks like myself with a research and reporting focus, the list’s sortability of companies founded by Black entrepreneurs by gender, stage and market focus is amazing. And, for investors, it should provide potential dealflow. Do you write lots of Series C checks? The Black Founder List has 23 Series B startups with Black founders. Or if you

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The Battery Show & EV Tech Digital Days Announces First Wave of Globally Renowned Speakers | Money

Leaders’ Roundtable—Recycling & the Circular Battery Supply Chain Jim Greenberger, Executive Director, NAATBatt International John Kincaide, Founder & CEO, WeRecycleBatteries.com Kunal Phalpher, Chief Commercial Officer, Li-Cycle Samm Gillard, Technology Development Manager – Battery R&D, U.S. Department of Energy

High Throughput Investigation of Cathode Blending for EV Application Dee Strand, Chief Scientific Officer, Wildcat Discovery Technologies

Track 2: Advanced Battery Technologies Industry Outlook

Panel—Is Solid State Battery Technology the Future of the Industry? Steven J. Visco, Ph.D., CEO, Polyplus Battery Company Venkat Anandan, Group Leader – Advanced Battery Technology, Ford Motor Company Bill C. Panagos, CEO and IP Business & Technology Attorney, Panagos Kennedy PLLC Anaba Anani, Ph.D., Chief Battery Scientist, BrightVolt

Panel—The Li-ion Market: Where’s the Technology Going Alex Holland, Analyst, IDTechEx Celina Mikolajczak, Vice President, Battery Technology, Panasonic Energy of North America Naoki Matsumura, Lead Engineer, Intel Corporation Michael Sanders, Senior Advisor, Avicenne Energy US

Track 3: Battery Design

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The Battery Show & EV Tech Digital Days Announces First Wave of Globally Renowned Speakers

The MarketWatch News Department was not involved in the creation of this content.

SANTA MONICA, Calif., Sep 30, 2020 (GLOBE NEWSWIRE via COMTEX) —
— An extensive conference program and exhibition will take place online over the course of three days, November 10-12.

— Register here for Early Bird Special pricing, ending October 13, and save $100 on conference passes and receive a custom swag bag, or join the exhibition complimentary.

The Battery Show & EV Tech Digital Days, an all-new virtual event connecting the global advanced battery and EV/HEV tech community, today announced the keynote lineup and first lineup of globally renowned speakers that will present at the online conference and exhibition scheduled to take place from November 10-12. To register for press credentials, visit here.

Organized by Informa Markets – Engineering, the producers of The Battery Show North America and the large-scale online event, will feature keynote presentations

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