Bakes’ Takes Podcast Show Notes SundayOctober 11, 2020 :24 1) Stock market—Trump is still going to win2) Bonds still suck.3) Levity still much needed. Bakes’ Takes—My Portfolio https://www.pennlive.com/news/2020/10/harrisburg-university-esports-program-recognized-as-one-of-nations-best.html:41 Every week a new college touts an esports initiative Bakes’ Take—very strong trend 1:54 Bakes’ Take—Fan Mail! Calls! Questions! Mike! Charlie, NYC—Biden victory lift stock prices—stimulus. Spending (infrastructure, healthcare), less trade friction. Biden victory more constructive for stock market long-term? Stocks select Presidents, not the other way around.Trump-lower taxes, regulation.Biden-Infrastructure.Predicting what gets through Congress beyond my pay grade. Not dazzled by any politician I see now. 6:43 Bear Traps Report https://podcasts.apple.com/us/podcast/too-much-money-nowhere-to-put-it-joe-terranova-u-oregon/id1456467014?i=10004941447507:40 at 47 minutes Josh Brown reflects on Eisenhower, troops coming home, highways, etc., Obama, out of financial crisis, Presidents get too much credit, too much blame Bakes’ Take—Focus on charts, groups. Let the market tell you what is promising. Ignore prognosticators. Ideas, services you’d like me to add, etc. Please! 10:36 Bakes’ Take—Podcasts of the Week!https://www.youtube.com/watch?v=ichI8T-QuCESPAC talk with Chamath Palihapitiya, David Friedberg, David Sacks & Jason Calacanis | from Episode 7—at 3 minutes, on why Chamath kickstarted SPAC movement https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkczIuZmVlZGJ1cm5lci5jb20vdHdpc3QtYXVkaW8/episode/aHR0cHM6Ly90aGlzd2Vla2luc3RhcnR1cHMuY29tLz9wPTQxNDM0?hl=en&ved=2ahUKEwjW09T7nbbsAhUlWN12:18 Jason Calacanis thinks Apple 12 is a joke, F-, no supercycle for upgrades, first time he is not buying out of gate, one man’s opinion but influential Silicon Valley angel investor 13:28 Revenue growth anemic, 9% eps growth this year, 19% next, numbers coming down, 37 P/E, volume picking up on down weeks in this case, not horrendous chart Bakes’ Takes—SPAC’s proceed with caution. If AAPL rolls over markets going to have tough time, #1 stock in SPX, 7.3%, $2.1T market cap https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYWNhc3QuY29tL3RoZWVjb25vbWlzdGFsbGF1ZGlv/episode/ODg0YzcxMTItYjY2Ny00NTgyLWE2OGMtN2Y3MDYyYTQwM2Mz?hl=en&ved=2ahUKEwipj4Ohq7bsAhXoYN8KHUUeDjsQieUEegQIDRAI&ep=615:15 China vs. Taiwan tensions escalating Bakes’ Take—Reporters of the Week! https://www.wsj.com/articles/wheat-prices-skyrocket-after-dry-weather-coronavirus-lockdowns-11602249791By Kirk Maltais and Will Horner 17:01 Wheat prices have hit their highest level in over five years in reaction to scorching weather, concerns over food insecurity brought on by the coronavirus pandemic and the lockdowns put in place to fight it. The most-active futures contract for wheat trading on the Chicago Board of Trade closed Wednesday at just over $6.07 a bushel, the highest close for wheat since June 2015. Wheat futures have risen over 15% since Aug. 1, attracting investors who think the price surge could continue. Dry weather this year has hit wheat-growing areas around the world, including the U.S., Ukraine and Russia. 18:08 Bake’s Take—Good example. Chart guides me to pay attention for other data points. My hope is our community grows and we all come up with off-the-beaten-path ideas we can all profit from. Bakes’ Take—Charts/Tweets of the Week! 19:08 Howard Marks’ latest memo. Great illustration. 21:00 Like I said—Bonds suck! Yields up, bonds down, in “safe” part of portfolio. 23: 53 Incredible! 25:54 Huge, unprecedented. 26:08 Biden/Dems—take 10-12% out of next year’s earnings? Doubt all priced in27:15 Bear Traps Report 31:21 The Hustle 10/8/20 Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please use your voice memo app, tape your question(s) and email to email@example.com or write if you prefer. I will also keep you anonymous is you’d like. Thank you for listening, Mike Wilson is my producer. Have a great week. Bakes https://www.youtube.com/watch?v=5HKSKzk00ZE32:21 RIP Eddie Van Halen, no Super Bowl? Much needed levity—https://podcasts.apple.com/us/podcast/when-are-they-going-to-get-to-the-vietnamese-condom-factory/id1434904509?i=100049385218033:17 JRVP—I listen as soon as it appears. https://www.sho.com/the-comedy-store33:47 Pryor, Carrey, Seinfeld, Williams…Fascinating and funny!