Market Look

-And a couple of tweets from the President:- -“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on…

The correction, so far, has been minor. Futures pop up nicely this morning as the fake jobs report will be out soon. AMZN up $40+ because a fund manager is buying it. BYND a $25 IPO closes at $66. The company has $87 million of sales, loses money but is given a $3.8 billion market…

AAPL up 5% on a buyback announcement of more than 7% of their stock outstanding. Earnings were down 10%, sales down 5%…IPHONE sales down 17%. AMD up more than 4% on earnings down 45% and sales down 23%. There’s a lot of that going on, especially in the SEMIS, where the group is the strongest…

GOOGLE not helping the cause today…down $100 on their numbers…but that is only giving back what it gained past 2 weeks. Not a lot of trouble in sympathy. But PI and NXPI gapping up in the SEMICONDUCTOR group ON MORE LOSSES. We are not sure we have ever seen so many good reactions in the…