GOOGLE not helping the cause today…down $100 on their numbers…but that is only giving back what it gained past 2 weeks. Not a lot of trouble in sympathy.
But PI and NXPI gapping up in the SEMICONDUCTOR group ON MORE LOSSES. We are not sure we have ever seen so many good reactions in the space on crappy numbers. Guidance is not that much better. MCD has a little gap to the upside to new all time highs…on a 1% drop in earnings and another 4% drop in sales.
OIL prices up strong this morning. Pay attention to this. Have you seen the price at the pump?
FINANCIALS edged above some range yesterday as rates moving back up on the long end.
Tomorrow…the Fed…blah blah easy money…blah blah ready to ease more if necessary…blah blah.
We get asked about weed stocks every day. We get scam calls from weed private equity scammers every day. Please check out valuations before jumping in. We shall not stand in your way because we know fad bubbles can last a while. Just realize a TLRY went from $300 to $52.
Joe Biden now in the race. Watched his big roll out in PA yesterday. Disappointed! Why do we continue to get the same old same old from the same old. Rich versus poor. The wealthy did not earn it. You are where you are because the wealthy screwed you. The wealthy get all the benefits. Blah blah blah. We repeat. The higher taxes, the more rules, regulations, fees, fines, mandates and all that crap that keep being proposed in order for the masses to get a leg up…does the opposite. All that crap does not hurt the wealthy. It just prevents others from becoming wealthy as they take more and more from you as you strive to move up.
Beto calling for $5 trillion to fight climate change…or something like that. Eh…it’s only $5 trillion. Remember, not one of these proposals tells any one of us what they will do and what the money goes towards. As usual, there is no accountability of where the dollars go. Again…you cannot stop hurricanes. You cannot stop tornadoes. You cannot stop the cold, the heat, the wind, the rain. The gall of these people telling you that they can. IT IS JUST ANOTHER MONEY GRAB! Don’t believe us. Just ask them.
John Singleton passes away from a stroke at a very young age. Go look up his bio because all too often, people are forgotten until they die.