Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I’ll pick a couple of themes to explore with the charts, but sometimes it’s just a selection of charts that will add to your perspective and help inform your own view – whether its bearish, bullish, or something else!

The purpose of this note is to add some extra context and color. It’s worth noting that the aim of the #ChartStorm isn’t necessarily to arrive at a certain view but to highlight charts and themes worth paying attention to. But inevitably if you keep an eye on the charts they tend to help tell the story, as you will see below.

So here’s another S&P 500 #ChartStorm write-up!!

1. Happy New Month! The S&P 500 dropped 3.9% during September

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  • Reebok is going all-in on streetwear and hype. 
  • This week, the brand appointed Kerby Jean-Raymond, the designer behind the luxury streetwear brand Pyer Moss, as vice president of creative direction.
  • According to Reebok’s founder Joe Foster, focusing on the “street” is a smart way to help the brand achieve notoriety.
  • “Any brand that wants volume has got to impress the street,” said Foster. “That’s where it’s won. And we see this now from Pyer Moss.”
  • Visit Business Insider’s homepage for more stories.

Reebok’s market strategy has increasingly focused on streetwear in the last couple of years, as evidenced by a series of collaborations with brands like Vetements, Billionaire Boys Club, and Kerby Jean-Raymond’s Pyer Moss.

But the sneaker and apparel maker is no stranger to this sector.

In his new book, “Shoemaker,” Reebok founder Joe Foster described the story of how the brand accidentally forayed into the fledgling streetwear market

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In an effort to relieve small businesses suffering during the pandemic, the San Jose City Council has unanimously agreed to expand a tax break even though it will cost the city $1 million.

The tax, which business owners pay annually to receive a license, ranges from $203 to as high as $163,745 depending on the number of workers the business employs.

For example, a sole proprietorship with only one employee would pay the base tax of $203 while a business with 20 employees pays $792. A business with 100 employees would pay more than $4,000 annually.


San Jose already has had a business tax exemption for sole proprietors earning less than twice the federal poverty level, or $25,520, in revenues. Now, the city will no longer consider the number of workers a business employs and will only look at revenue and income to determine eligibility. The exemption takes effect Oct.

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BERLIN (Reuters) – The COVID-19 pandemic could trigger a debt crisis in some countries, so investors must be ready for granting some form of relief that could also include debt cancellation, World Bank President David Malpass was quoted as saying on Sunday.

“It is evident that some countries are unable to repay the debt they have taken on. We must therefore also reduce the debt level. This can be called debt relief or cancellation,” Malpass told Handelsblatt business daily in an interview.

“It is important that the amount of debt is reduced by restructuring,” Malpass added.

He pointed to similar steps in previous financial crises such as in Latin America and the so-called HIPC initiative for highly indebted countries in the 1990s.

Rich countries last month backed an extension of the G20’s Debt Service Suspension Initiative (DSSI), approved in April to help developing nations survive the coronavirus pandemic, which has

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This Market takes a lickin’ but still keeps tickin’

Old hands will tell you that September is the worst month of the year for stocks. Usually August also is a down month as well. Instead the market surprised us by going significantly up strongly in August. We paid the price in September as markets in September fell, Dow -2.28% S&P -3,92% Nasdaq -5.16%. Even so, the third quarter ended up positively – Dow 7.62% S&P 8.47% Nasdaq 11.02%. In fact even with this week’s hard selling at the end, it was still positive for the week.

If you were pressing your luck and pushing risk you probably didn’t notice how well the market has held up. I can’t give you an iron-clad reasoning as to why the stock market indexes are performing so well. Commentators have set about to blame the Robinhood traders and comparing this market to the bubblicious

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LOS ANGELES, (Variety.com) – Christopher Nolan’s “Tenet” willed itself past the $300 million mark globally this weekend even as the overall domestic box office appeared to be on the verge of collapse.

Disney’s “Hocus Pocus,” a Bette Middler comedy that flopped when it was initially released in 1993, but became a cult hit on cable and streaming, almost matched “Tenet’s” grosses in North America and beat those of “The New Mutants.” Re-released just in time for Halloween,” “Hocus Pocus” picked up $1.9 million from 2,570 theaters. “Tenet” earned $2.7 million from 2,722 venues, pushing its domestic haul to a paltry $45.1 million. “The New Mutants” eked out $1 million from 2,154 locations, bringing its domestic total to $20.9 million.

“Tenet’ has struggled to attract stateside audiences with the kind of fervor that typically greets Nolan films such as “Inception” and “Dunkirk.” Audiences seem hesitant to return to cinemas when coronavirus

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‘Whole Wheat Parota’ and ‘Malabar Parota’ seem to be in a soup again as Karnataka AAAR (Appellate Authority for Advance Ruling) has invalidated previous ruling about applicability of 18 per cent GST on these items. However, it has not said what rate these parotas will attract.

In May, AAR ordered on the application filed by ID Fresh Foods (supplier of Whole Wheat Parota and Malabar Parota) and said these food items will attract GST at the rate of 18 per cent. Aggrieved by the decision, the company moved to AAAR and sought a ruling on, “whether the preparation of Whole Wheat Bread and Malabar Parota be classified under Chapter heading 1905, attracting GST at the rate of 5 per cent?”

After hearing arguments and going through the fact AAAR dismissed the appeal. However, it also declared the order passed by AAR void ab initio as it “vitiated by the process

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  • Increasing pressure from the US on Iran and other actions in the Middle East have raised concerns that Trump could seek a confrontation before the presidential election.
  • At the same time, Iran has been working more closely with Venezuela, another US foe, raising the specter of a showdown much closer to home.
  • Visit Business Insider’s homepage for more stories.

Iran and Venezuela are two of President Donald Trump’s most frequent foreign-policy targets, and increasing US pressure has only brought the two closer.

Their ties are again on display ahead of the presidential election, as US actions directed at Iran raise concerns Trump could seek a confrontation for political benefit.

Such a showdown is a long-time goal for some members of the administration, according to Trita Parsi, an expert on Iran at the Quincy Institute for Responsible Statecraft, a think tank that advocates restraint in foreign policy.

The US and Iran

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Everything you need to know about economic stimulus checks, right here.


Angela Lang/CNET

The sands of time are slipping through the hourglass to get a new stimulus bill and a second stimulus check authorized before the Nov. 3 election.

The House of Representatives passed a slimmed-down version of its Heroes Act on Thursday, but it’s unlikely to be taken up in the upper chamber by Senate Majority Leader Mitch McConnell. However, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are still working towards a bipartisan agreement for a different piece of legislation. 

President Donald Trump’s hospitalization with COVID-19 may have an impact on the coronavirus package negotiations and the timeline for when a new check is sent.

Confused? You’re not alone. Below, we’ve addressed the most frequently asked stimulus check questions, including who is eligiblehow much you may receive in a new round (try

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WASHINGTON (AP) — This spring, Magdalena Valiente was expecting her best year as a Florida-based concert promoter. Now, she wonders if the career she built over three decades is over.

Back in March, Valiente had been busy planning three tours and 42 live events, including concerts for the Panamanian reggaeton star Sech and the Miami Latin pop band Bacilos. Earning well into six figures during good years, Valiente was hoping to help her youngest son, a high school junior, pay his way through college.

But with live events canceled, things have turned bleak. She is relying on unemployment benefits and Medicaid and has applied for food stamps. She has lost hope that the crisis will end soon.

“I worked up from the very bottom when I started in this business in my twenties,” said Valiente, a single mother in Fort Lauderdale. “There weren’t many other women, and it was hard.

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