Entries by Gary Kaltbaum

THE OPEN

Uh…the market is down on the open as trade tensions escalate. We are of the hope the president backs away from the tariffs that go in effect tomorrow. We really thought he would because he had no choice but not sure any more. Markets were overdue to correct because of a strong first 4 months. […]

PRE MARKET

Crappy day yesterday though nice little rally at the close to make things less worse. Futures down this morning. China trade front and center. WE DO NOT BELIEVE THE PRESIDENT ENACTS NEW TARIFFS THIS WEEK. If he does, major disruptions as no business has prepared for it. In fact, they have been told for weeks […]

PRE MARKET

Very good comeback yesterday from the early depths…only to walk into another gap to the downside…just less so this morning. The good news is that the RUSSELL 2000 again led yesterday which could indicate a broadening out. Small-caps have been lagging large-caps for a while. We shall see if that lasts. The good news is […]

THE GREATEST TRADE DEAL EVER

-And a couple of tweets from the President:- -“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on […]

PRE MARKET

The correction, so far, has been minor. Futures pop up nicely this morning as the fake jobs report will be out soon. AMZN up $40+ because a fund manager is buying it. BYND a $25 IPO closes at $66. The company has $87 million of sales, loses money but is given a $3.8 billion market […]