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First Krauthammer! Charles Krauthammer passed away after a long bout with cancer. I noticed something in the past few days. Many people wrote about him starting with “I never met Charles Krauthammer but” or “I only met Charles Krauthammer once but.” I could not find one even remotely negative opinion on a man that so…

Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not…

Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens…

Futures going nowhere today. Yesterday…another day where NASDAQ/NDX leads…DOW is down. These divergences can last a long while but must be watched. Keep in mind, the NASDAQ/NDX is where the best growth is. DRI breakaway gap this morning. MU up a bit on good numbers. Yesterday, SBUX to new yearly lows as they lower numbers….

We know the DOW was down almost 300 points yesterday but nothing changed. If you noticed, the NASDAQ/NDX almost came all the way back off of the same select few megacap names. That’s for starters. Random notes: Emerging and other markets continue to underperform and badly…go look at EEM, EFA, FXI, TUR, RSX, EWZ, IEMG…

SOURCE: https://www.cbsnews.com/news/home-price-insanity-2-6-million-for-900-square-feet/

Tariffs and trade wars make no sense. They raise prices. They cost consumers. They hurt jobs. They create uncertainty. Business owners, large and small, cannot plan. They do not know what will happen next. They do not know if a tariff will be implemented. They do not know if a tariff will be taken away….