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Manic Monday – S&P 3,000 Holds as We Pass 10M Infections, 500,000 Deaths

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I guess people ignore stuff all the time.

There were 165,534 NEW cases of Covid-19 YESTERDAY – that's double China's TOTAL number of cases yet President Trump still calls it the China virus while China calls it the President's total failure to contain the virus like they did more than 2 months ago.

ALL Donald Trump had to do was do what the Chinese did and what most of Asia did to contain the virus and this never would have happened.  Instead the President ignored the experts, denied the virus was a thread, did not react fast enough or appropriately when he finally did act and TO THIS DAY, he still isn't doing what needs to be done to contain this Global threat and 38,845 people were infected in the US alone yesterday -  HALF of China's TOTAL infections from the "Kung Flu" as the President likes to call it.

Florida, where I live, had a 6.4% rise in infections on SUNDAY – that's pretty much a doubling rate of 10 days!  We are back to a state of emergency a month after opening but everyone knows it's too late – there's really no going back now.  On Thursday, Trump’s administration asked the Supreme Court to throw out the Affordable Care Act, including its protections for people with pre-existing health conditions, in its entirety — despite the president’s frequent insistence that he will always protect such patients. He has never offered a plan to replace the law known as Obamacare.

On Saturday, Trump said on Twitter that he’d win re-election, once again proclaiming that a “silent majority” supports him. He boasted about high television ratings for his recent campaign events and said “these are the real polls, the Silent Majority, not FAKE POLLS!”  Trump has repeatedly said, falsely, that the U.S. has more cases of Covid-19 because it’s conducting more testing for the disease. He’s also expressed skepticism that some of the reported cases are real.  “You’re going to have a kid with the sniffles, and they’ll say it’s coronavirus,” he said Thursday.

DURING a White House coronavirus task force briefing Friday — its first in two months, held at Health and Human Services headquarters and without Trump — the president tweeted a wanted poster for 15 people who allegedly
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WARNING: 3 Ways the CRA Can Take Back Your $2,000 CERB!

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If you are a Canadian citizen who has been out of work due to the ongoing health crisis, you might already be receiving the Canada Emergency Response Benefit (CERB) payments from the government.

The year 2020 will go down in history for various reasons. COVID-19 has shaken societies, how we work, and every other aspect of our lives. It has also brought in long-lasting economic changes for the world. In March 2020, the Canadian government announced the introduction of the CERB program.

The radical program involved the payment of $500 per week for up to 16 weeks to citizens who lost income due to the pandemic. It is a part of the measures taken by the government to stimulate the economy and cater to its most affected people during these unprecedented times.

The monthly $2,000 was made available without delay by the Canada Revenue Agency (CRA) by hastening the CERB application process. However, there are many cases where CERB applicants are collecting the benefits without qualifying for the funds.

I will discuss the three ways the CRA can take back your $2,000 CERB money.

CERB qualification

The CERB was introduced to help the millions who have lost jobs as a result of government-mandated lockdowns. The CRA outlined criteria that applicants need to fulfill so they can qualify to receive the benefits. If you do not meet the criteria, the CRA will likely take back your CERB, and you might face further action for committing CERB fraud.

Three of the most important factors include:

  • You must not have earned more than $1,000 in the last 14 days.
  • You must have earned at least $5,000 in the last 12 months.
  • You must not have been rehired under the Canada Emergency Wage Subsidy (CEWS) program.

If you have been receiving CERB, you didn’t meet the requirements and didn’t know about them, it would be best to return the CERB money. Over 190,000 people have already returned at least part of the CERB money they collected from the CRA.

There are other ways to generate passive income.

Permanent passive income stream

When it comes to qualification criteria, the CERB has issues. You also need to remember that the benefit is not tax-free. The money you receive will count as part of your taxable income for the next tax season. The CERB is also available for a limited time. With the recent extension, CERB will last 24 weeks with a total possible payout of $12,000.

You can create a tax-free passive income stream that does not expire. You can use your Tax-Free Savings Account (TFSA) to create a portfolio of dividend stocks that can give you substantial passive revenue. You need to buy shares of high-quality companies that offer reliable dividends.

A stock you can consider beginning to build such a portfolio is Fortis Inc. (TSX:FTS)(NYSE:FTS). Fortis is an ideal stock for any portfolio due to its sheer resilience in all market conditions. The utility company enjoys a predictable and stable income.

Fortis does not just regularly pay its shareholders their dividends. It increases the payouts each year. The company is a Canadian Dividend Aristocrat with a 46-year streak of dividend growth. Even in harsh economic conditions like these, the company can generate enough revenue to finance its increasing dividends due to the essential nature of the business.

Foolish takeaway

Assets you store in your TFSA can grow without incurring any taxes. If you have enough shares of high-quality stocks in your TFSA portfolio, you can enjoy the substantial monthly income. This revenue stream does not expire like the CERB, and it does not have eligibility issues. The best part is that you do not have to pay taxes on the dividend income in your TFSA.

Fortis is an ideal stock to begin building such a portfolio due to its reliability and track record for dividend growth.

Speaking of high-quality stocks …

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Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends FORTIS INC.

The post WARNING: 3 Ways the CRA Can Take Back Your $2,000 CERB! appeared first on The Motley Fool Canada.



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Manic Monday – S&P 3,000 Holds as We Pass 10M Infections, 500,000 Deaths

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I guess people ignore stuff all the time.

There were 165,534 NEW cases of Covid-19 YESTERDAY – that's double China's TOTAL number of cases yet President Trump still calls it the China virus while China calls it the President's total failure to contain the virus like they did more than 2 months ago.

ALL Donald Trump had to do was do what the Chinese did and what most of Asia did to contain the virus and this never would have happened.  Instead the President ignored the experts, denied the virus was a thread, did not react fast enough or appropriately when he finally did act and TO THIS DAY, he still isn't doing what needs to be done to contain this Global threat and 38,845 people were infected in the US alone yesterday -  HALF of China's TOTAL infections from the "Kung Flu" as the President likes to call it.

Florida, where I live, had a 6.4% rise in infections on SUNDAY – that's pretty much a doubling rate of 10 days!  We are back to a state of emergency a month after opening but everyone knows it's too late – there's really no going back now.  On Thursday, Trump’s administration asked the Supreme Court to throw out the Affordable Care Act, including its protections for people with pre-existing health conditions, in its entirety — despite the president’s frequent insistence that he will always protect such patients. He has never offered a plan to replace the law known as Obamacare.

On Saturday, Trump said on Twitter that he’d win re-election, once again proclaiming that a “silent majority” supports him. He boasted about high television ratings for his recent campaign events and said “these are the real polls, the Silent Majority, not FAKE POLLS!”  Trump has repeatedly said, falsely, that the U.S. has more cases of Covid-19 because it’s conducting more testing for the disease. He’s also expressed skepticism that some of the reported cases are real.  “You’re going to have a kid with the sniffles, and they’ll say it’s coronavirus,” he said Thursday.

DURING a White House coronavirus task force briefing Friday — its first in two months, held at Health and Human Services headquarters and without Trump — the president tweeted a wanted poster for 15 people who allegedly
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The IPOX® Week, July 6, 2020

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  • Key IPOX Indexes surge. IPOX 100 Europe, (ETF: FPXE) and IPOX International (ETF: FPXI) close week at all-time high.
  • IPOX 100 U.S. (ETF: FPX) adds +3.79% to +6.33% YTD. IPOX International (ETF: FPXI) surges +4.21% to +31.10% YTD. IPOX 100 Europe (ETF: FPXE) gains +3.81% to +10.92% YTD.
  • Hong Kong set for flurry of deals this week.

Key IPOX Indexes surge. IPOX 100 Europe, (ETF: FPXE) and IPOX International (ETF: FPXI) close week at all-time high. The key IPOX Indexes surged last week as: 1) U.S. technology stocks staged another strong technical reversal with the Nasdaq 100 (NDX) closing the week at an all-time high amid 2) Stable U.S. yields despite strong U.S. unemployment numbers with U.S. equity risk declining sharply (VIX: -20.30%). In the U.S., e.g., the diversified, broad-based, FANG-free IPOX 100 U.S. – underlying for the $1.4 billion “FPX” ETF – added +3.79% to +6.33% YTD, lagging the S&P 500 (SPX) by -23 bps. on the week. Here, 81/100 portfolio holdings rose, with the average (median) equally-weighted stock adding +3.20% (+3.35%). Gains extended to the IPOX Indexes focusing on non-U.S. domiciled stocks trading in the U.S. and/or abroad: On the international level, e.g,. the IPOX International (ETF: FPXI)- underlying for the fast-growing $141 million “FPXI” ETF – added another +4.21% to +31.10% YTD, a fresh all-time high, and now a massive +4270 bps. YTD ahead of the MSCI International (ex. U.S.) (MXWOU), the funds benchmark. A big week for the IPOX China Core (CNI) and IPOX Europe (ETF: FPXE) drove the strong

Rotation matters: IPOX International (ETF: FPXI) since 2015

showing in the “FPXI” ETF with continuing gains in the “New Generation” of stocks underweight or ignored in the stale global equity benchmarks, including recent IPO Swiss-based biotech ADC Therapeutics (ADCT US: +18.31%), Sweden’s B2B live casino solutions provider Evolution Gaming (EVO SS: +14.31%), Saudi Arabias health care services provider Riyad-traded 03/20 IPO Dr. Sulaiman Al Habib Medical Services Group (SULAIMAN AB: +13.01%) or H.K. traded “hot pot” restaurant supplier Yihai International (1579 HK: +12.13%). Health care services provider 1 Life Healthcare (ONEM US: +20.09%), CA-based insurance provider Palomar Holdings (PLMR US: +11.34%), drug discovery software maker Schrodinger (SDGR US: +9.66%) and Spin-off refrigeration solutions provider Carrier (CARR US: +9.25%) ranked amongst the best performing portfolio holdings in the IPOX 100 U.S. (ETF: FPX) last week.

Select IPOX® Indexes Price Returns (%) Last Week 2019 2020 YTD
IPOX® Indexes: Global/International
IPOX® Global (IPGL50) (USD) 4.69 27.93 26.44
IPOX® International (IPXI)* (USD) (ETF: FPXI) 4.21 31.37 31.10
IPOX® Indexes: United States
IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX) 3.79 29.60 6.33
IPOX® ESG (IPXT) (USD) 4.83
IPOX® Indexes: Europe/Nordic
IPOX® 30 Europe (IXTE) (EUR) 4.33 34.55 22.00
IPOX® Nordic (IPND) 4.99 38.52 28.80
IPOX® 100 Europe (IPOE)* (USD) 3.81 30.97 10.92
IPOX® Indexes: Asia-Pacific/China
IPOX® Asia-Pacific (IPTA) (USD) 0.23 4.41 14.49
IPOX® China (CNI) (USD) 5.01 26.31 35.33
IPOX® Japan (IPJP)** (JPY) -1.14 37.91 -2.25

* Basis for ETFs: FPX US, FPX LN, FPXE US, FPXU FP, FPXI US, TCIP110 IT and CME-traded e-mini IPOX® 100 U.S. Futures (IPOM0). Source: Bloomberg L.P. & Refinitiv/Thomson Reuters. For IPOX Alternative Strategies Returns, please contact info@ipox.com

IPOX-linked ETFs (FPX, FPXI, FPXE) Movers (Last Week in %):
TESLA (FPX) 25.94 JOHN LAING (FPXE) -15.37
ZUR ROSE GROUP (FPXE) 20.42 ZOOMINFO TECH (FPX) -12.64
1 LIFE HEALTHCARE (FPX) 20.09 CLOUDERA (FPX) -10.37
ADC THERAPEUTICS (FPX) 18.31 ASTON MARTIN (FPXE) -7.27
EVOLUTION GAMING (FPXE) 14.13 SLACK (FPX) -6.82
SHOPIFY (FPXI) 13.18 WUXI BIOLOGICS (FPXI) -5.75
DR SULAIMAN (FPXI) 13.01 MYOKARDIA (FPX) -4.43
YIHAI INTERN’L (FPXI) 12.13 KOOLEARN TECH. (FPXI) -4.25
SHOP APOTHEKE (FPXE) 11.92 FJORDKRAFT (FPXE) -4.04
SEA (FPXI) 11.81 MEDACTA GROUP (FPXE) -3.73

IPO Deal-flow Review and Outlook: Dun & Bradstreet, Lemonade, and Accolade kick-off July with strong debuts. After holiday, U.S. IPO market set to slow, while Hong Kong sees flurry of deals. At least 9 sizable IPOs commenced trading across the global regions last week, with the average (median) equally weighted deal adding +80.70% (+55.68%) based on the difference between the final offering price and their respective market’s close. Data and analytics veteran Dun & Bradstreet (DNB US: +23.18%) returned to the public with a solid debut just 16 months after taken private by private equity. Unicorns Softbank-backed insurtech Lemonade (LMND US: +139.34%) and health benefits platform Accolade (ACCD US: +35.00%) also soared, while Korean biotech SK Biopharmaceuticals (326030 KS: +236.73%) and massively oversubscribed Chinese medical device maker Kangji (9997 HK: +112.54%) more than doubled abroad. Amid the 4th of July week-end, no deals are scheduled for the U.S. market , while H.K. enters the busiest week since the pandemic with 9 IPOs scheduled with e-cigarette vaping device maker Smoore (6969 HK) lined up. Other IPO news include: 1) Apple device software management company Jamf and fintech unicorn nCino filed for U.S. IPO 2) Brazilian online education platform Uniasselvi revives U.S. IPO plan 3) China Bohai Bank to raise $1.85B in HK’s biggest offer YTD followed by beverage giant Wahaha‘s $1B IPO plan; 4) Online used-car seller Shift to go public in reverse merger.

The post The IPOX® Week, July 6, 2020 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.



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