Crappy day until Powell pushed buttons into the close. (not sarcasm) He is so obvious. Happens all the time. But when we scan, we ignore all noise. NASDAQ was trying to hold up but overall weakness took it down. It is bouncing in after hours as dead and buried CSCO is up almost $3. AMAT…
The people who have enabled/created all the leverage, debt and deficits are at it again. https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm So just create more money out of thin air. The kitchen sink and the kitchen now thrown in. Just know we have been highlighting for years that every time markets would get in trouble, these same people gave the…
It’s not the news. It’s how markets react to the news. Many are saying markets have to go up because economy is strong, earnings are strong, unemployment is low and consumer confidence is through the roof. They are correct on all those accounts except one. The market DOES NOT have to go up on good…
Since hardly anyone reports this, we will: The Treasury (our tax dollars) said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated. Think about it. Those wonderful human beings in DC from Ryan, McConnell to Pelosi, Schumer had to borrow…
We will have more after the close. By Gary Kaltbaum- February 28, 2018 First thought and message to the president…the #1 rule of people management is when praising, praise loudly and profusely! The #2 rule is when criticizing, criticize quietly and privately. We don’t think the president read the manual on this. If you…
A few thoughts in and out of the market: Immigration: Not one person will be deported out of DACA. Not one. The coins: Kodak (KODK) announces a coin. Goes from $3.10 to $6.80 yesterday. Trading at $11.50 this morning. But there is no bubble! Notice many of the other “questionable” blockchain/coin stocks have been slaughtered….
Tons of jello moving on the plate this morning. In no particular order but of course, we start with Apple. Apple (AAPL) beat estimates in a quarter before a big roll out. At the open, AAPL will be gapping out of a 12 week sloppy base. This is the 2nd strong gap in 6 months….
