Old Man Stocks Win and DoorDash Made Money

Just when James thought his moment had arrived, Pfizer announced a near-vaccine for COVID, sending Old Man and cyclical stocks up. Here we stand, on the brink of a Constitutional crisis in America, with the Nasdaq and DOW at fresh highs (almost).

But how solid is this state of affairs? Billy Ackman, who hedged March's sell-off to perfection, says he's going short again, citing specifically the future weakness of cyclicals even beyond the vaccine's deployment. We discuss. 

DoorDash files for its IPO, revealing prolific growth during the pandemic and an actual profit in 2Q. As Bobby calls for food delivery from a mere block away, does this change our perspective on the prospects of the Food Delivery sector?

And finally the Great Panda, President Xi of China, after scuttling Jack Ma's Ant IPO with ease, congratulates Joey Biden on his election victory. So we good right?