CHINA BUYS STOCKS

Our latest theme about growth/tech and all that from the past couple of weeks gained even more teeth yesterday as the NASDAQ and the NDX were down more than the DOW’s 306 point gain. The selling continued throughout the day and even cut the DOW’s gain in half as the pressure continued into the close….

THOUGHTS ON FLORIDA

Firstly, the ever-important 10 year yield busted above the 1.5% number where markets did not appear to be happy. We believe Uncle Jerome was in there Friday doing his thing as the 1.5% was punctured to the downside late. We’ll see what comes next but believe the oversold combined did the trick for now. Into…