Weird day yesterday. Money flowed out of TECH/RISK and into lower beta. MCD up $7 but saw no news. OILS bounced right off support but we stick with theme that they are now range-bound. Emerging markets continue to act horrid and should be underweight right now. A few countries, namely Brazil for starters and basket…
SOURCE: https://asia.nikkei.com/Business/Companies/Apple-warns-suppliers-of-20-drop-in-new-iPhone-parts-orders
SOURCE: https://archives.warpradio.com/btr/investorsedge/060718.mp3
SOURCE: http://www.dailymail.co.uk/news/article-5816065/Shocking-satellite-photos-entire-towns-obliterated-Guatemala-volcano.html
The S&P moved above near-term range. The DOW moved above near-term range. FINANCIALS, which were dormant, woke up. (Very important) Notwithstanding settling down or small pullbacks, market is gaining strength here. New highs picking up. Growth continues up. We do suspect some of the big leaders settling down near-term but think there is more to…
SOURCE: https://archives.warpradio.com/btr/investorsedge/060618.mp3
SOURCE: http://www.businessinsider.com/hong-kong-world-record-most-expensive-parking-spot-2018-6
SOURCE: https://www.zerohedge.com/news/2018-06-05/medicare-will-be-insolvent-2026-sooner-expected-social-security-follow-2034
News on Facebook…the following from the NY Times. “Facebook has data-sharing partnerships with at least four Chinese electronics companies, including a manufacturing giant that has a close relationship with China’s government, the social media company said on Tuesday. The agreements, which date to at least 2010, gave private access to some user data to Huawei,…
Futures up a bit this morning. Yesterday…more of the same…very strong growth/tech/internet/nasdaq/ndx while other areas get no bid. Suspect any day they pull some of this in but leave no doubt, this is buy the pullback time in these areas. A bit frothy from past few days but froth can last a good while. Big…
