Repercussions on what is supposedly harmless taxes.
These people (THE TAXERS) just don’t get it…and never will! SOURCE: https://www.foxnews.com/politics/2017/02/27/distributors-say-layoffs-coming-because-philly-soda-tax.html
ECB won’t end asset purchase program all of a sudden, Weidmann says
http://www.reuters.com/article/us-ecb-policy-weidmann-idUSKBN1640KO
Monday’s Pre-Market Look: Stocks In The News Before The Open
Reynolds American (RAI) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities. Carnival Cruise Lines (CCL) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $64. Tesla (TSLA) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $185. Sina Corp China (SINA) was downgraded…
Trump administration makes first tangible step to building border wall @FoxNews
https://www.foxnews.com/politics/2017/02/25/trump-administration-makes-first-tangible-step-to-building-border-wall.html
J.C. Penney holiday quarter sales drop, to shut 130-140 stores
http://www.reuters.com/article/us-jc-penney-results-idUSKBN1631DB
High-stakes DNC leadership election could pull party even further left @FoxNews
https://www.foxnews.com/politics/2017/02/24/high-stakes-dnc-leadership-election-could-pull-party-even-further-left.html
Berkshire Hathaway gains $1.6 billion from its huge bite of Apple
http://www.reuters.com/article/us-berkshire-hatha-buffett-apple-idUSKBN1640G5?il=0
Required Reading
GOP LEADERS, CONSERVATIVE ACTIVISTS SPEAK AT CPAC 2017 Buffett bullish on American business Warren Buffett rails against fee-hungry Wall Street managers Berkshire Hathaway gains $1.6 billion from its huge bite of Apple Man drove into crowd in German town, injuring three people-police France’s Hollande fires back at Trump over Paris comments Iran plans to buy…
WEEKEND NOTES
Travel weekend so short and to the point. The bond market looks like it is in the midst of putting in a good low for now. A bottoming process has been going on for weeks. Of course, the UTILITIES and REITS have been leading the bond move. Both have turned the corner with a few…