Market Look

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…

SOURCE: https://truepundit.com/its-now-against-the-law-in-california-to-shower-and-do-laundry-on-the-same-day/

Off the subject for a second, we give it a 99% chance Howard Schultz will be running for President. 2020 is going to be quite interesting. NASDAQ/NDX/TECH/INTERNET/”GLAMOUR NAMES”/SOX all coming on as the NASDAQ/NDX broke above handles and into all-time closing highs. Not sure we need to add more except to say pullbacks preferable…but momo is…

Futures up this morning off of a strong Friday. There are several things sticking out here. The NASDAQ/NDX have moved out of handles led by a slew of growth names, with some of the mega-cap names also doing the trick. This is important. Never a bad thing when so many are setting up and breaking…