THIS IS A MAJOR HURRICANE. HOPE YOU ARE ALL LISTENING TO GET OUT OF THE WAY.
OOOPS…NDX futures down decently…DOW and S&P less so.
We have absolutely no idea of where this market goes…just that:
RATES GOING HIGHER
OIL PRICES (while pulling in a wee bit) HAVE HAD A BIG RUN
GROWTH STOCKS CONTINUE TO BE YONKED
THE DOW REMAINS STRONGEST (not the best news)
THE S&P SITS ON THE 50 DAY
Trump states he is not happy with the fed because they are raising rates too quickly. The last time we had an economy like this, rates were 6%. We hope he shuts up on this. He should not worry. Any blip will have them not only stop…but they will lower rates…as they are quite insane. Europe and Japan are still negative and still printing…and China has eased twice in the past month.
“You cannot be civil with a political party that wants to destroy what you stand for, what you care about,” “That’s why I believe, if we are fortunate enough to win back the House and/or the Senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength.” This statement from Hillary Clinton. For all the complaints about Trump, this is what she says!
Mark these words down. THERE IS GOING TO BE A WAR ON AMAZON. Look for many to call for some sort of break-up using anti-trust. I am seeing it and feeling it on a daily basis…and I am not just talking Trump blasting on Bezos because of the Washington Post. I am seeing not so subtle rhetoric from the left on this.
Taylor Swift…Kanye West…BOOOOOOORING!
Lastly, Nikki Haley…the only way to describe my feelings…is that whenever she talked, I wanted to listen. Can’t blame her for taking a break.