Not making this up. A simple flight to get me into NYC at 8 pm last night got me to my hotel in NYC st (drum roll please)… 530 am. Weather in the NE started me on flight to Laguardia…which changed to Newark…which changed to Laguardia and left many hours later. We then sat on…
A few things stay the same and a few things show up. Staying the same: Continue to avoid energy, oil &gas, most commodities, big retail, most auto anything, most financials and a smattering of other stuff. Best areas remain big cap over small cap…by a lot. Big tech/internet/semiconductors, the FANG, China ADRs, managed care, housing,…
Dow and more importantly, S&P are on the verge of breaking out of a 3 month trading range. The pullback at its low was only about 3%. Last week looks like it was nothing more than a scare day off of the naming of a special counselor to investigate the Russia stuff. Keep in mind,…
After last week’s yonking, it “feels” like major indices will break range again to the upside. All it would take is one good day. This is happening with no help from retail, from energy, from commodities, from financials, from small caps and other places. Need not say more as we head into the pre-holiday, normally…
SOURCE: https://archives.warpradio.com/btr/investorsedge/052418.mp3
NDX futures up decently…S&P futures just above flat. NASDAQ/NDX continue to get the money flows. Gaps to downside: LOW, TIF, AAP, DY, BG, UHS. To the upside: INTU. BG was rumored to be bought yesterday…says no rumor today…gives it back. Be careful! AAP adds to the auto parts retailing misery after AZO being smoked yesterday….
Not a lot to take out of market today. Yes, the housing stocks reversed down on good earning’s news. Yes, the financials were strong as long rates backed up. Yes, leading growth names as well as the semis pulled in. And yes, Autozone (AZO) was smoked. We had been telling you to avoid almost anything…
We dare speak the truth on budgets and federal spending and deficits and debt. SOURCE: https://archives.warpradio.com/btr/investorsedge/052318.mp3
-Trump proposes a $4.1 trillion budget, the most ever…and THEY complain. -Last year, we sent them $3.3 trillion and they still couldn’t balance the budget…and THEY complain. -Every program grows in size again but THEY complain. -Last month, the taxpayer…we repeat…THE TAXPAYER spent $34 billion on JUST INTEREST PAYMENTS yet THEY complain. -$34 BILLION DOLLARS JUST TO…
