Futures are back to flattish after being down overnight. The Hang Seng was down 500 points but finished down a measly 6 points. Bear markets last hours right now.
Not a lot in the way of earnings but:
AVGO buying QCOM and AVGO goes up…even though QCOM sales and earnings are down. QCOM does not want to do the deal.
Energy prices ticking up again. Remember, a bunch of names should be showing up on your screens.
We are due to piss off the bulls…overdue…no, way overdue…no, waaaaaay overdue. But so far, any selling has been intraday and bought up. Remember, in spite of 4.1% fake unemployment, 3% GDP and we are told, better economies around the globe…we are still at 1%, Europe and Japan are still negative and the printing of money to bubble up assets is still in hyperdrive. Leave no doubt this is what is juicing markets.
Lots of crap going on in Saudi Arabia. The optimum words are “power grab.” Not sure of the repercussions.
Headline story this morning is again on guns after the tragedy in Texas. We have been saying forever we believe in the right to bear arms but at the same time, some logical legislation is out there. Don’t know if it could stop not only these mass killings but all the killings going on in places like Chicago. I just hate when political points are being made during times of tragedy.