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SOURCE: https://www.zerohedge.com/news/2018-07-25/trump-plans-25-tariff-200bn-foreign-cars

SOURCE: https://news.gallup.com/poll/237908/smoking-rate-hits-new-low.aspx

Earnings season continues. BA will be front and center today, a name that has led the DOW for a long time. It is down $14…about 80 or so DOW points. Yesterday was weird. While the Dow moved higher, growth names turned south, with some slammed. With the Dow up almost 200, the RUSSELL was down…

Some random thoughts and markets: USA TODAY front page article: “CLIMATE CHANGE LINKED TO SUICIDES!” I guess you know what we think of these headlines. Do these people just make it up as they go along? Google has learned the sandbagging game. Google and the analysts just sandbagged their earnings reports. Everyone knows Google has…

S&P futures down a wee bit…NDX a little bit more. RACE down $7 as CEO looks like he is stepping down for health reasons. LPNT up big on a buyout. After the close: GOOGL reporting. Before tomorrow’s open: MMM, UTX, VZ from the DOW. Also, BIIB, HOG, PCAR, SHW, JBLU, KMB, CNC, DGX.

Last week, the market simply sat. There is nothing wrong with the market sitting quietly, even into earnings season. But one thing that sticks out for us is that while the normal bulls are still out, we are surprised by how many bears are out there. One hedge fund announced they sold all longs. We…