STOCK MARKET WATCH -- Tuesday, 29 November 2022 [View all]

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 29 November 2022

Previous SMW:
SMW for 28 November 2022




AT THE CLOSING BELL ON 28 November 2022


Dow Jones 33,849.46 -497.57 (1.45%)
S&P 500 3,963.94 -62.18 (1.54%)
Nasdaq 11,049.50 -176.86 (1.58%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

When ALEC, the right-wing American Legislative Exchange Council, met in July 2017, it discussed two structural reforms to create a permanent Republican majority. The first was restoring the appointment of US Senators by state legislatures by repealing the Seventeenth Amendment. (After November 2016, the GOP held both chambers in thirty-two states, which, if such a repeal were law, would mean they would have sixty-four senators.) As far-fetched as that sounds, ALEC has been pushing red states to pass legislation calling for a federal Article Five constitutional convention, where such a proposal could be raised. So far, twenty-seven states out of the thirty-four states needed have passed resolutions for that convention.

A more likely near-term threat is gerrymandering the Electoral College. Republicans could do that by replacing the statewide winner-winner-take-all system with awarding delegates by House district. If that were law in Virginia, where a bill was introduced but did not pass in 2017, the state’s eleven Electoral College votes would not have gone to Clinton; Trump carried six of its House districts. Legislation to do that was proposed in a few states in early 2017, but did not go anywhere.

Too few people pay attention to these potential power grabs.

Steven Rosenfeld. Democracy Betrayed: How Superdelegates, Redistricting, Party Insiders, and the Electoral College Rigged the 2016 Election. Skyhorse Publishing/Hot Books. (c) 2018.

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