Market Look

-“OUR JAY POWELL INTERVIEW”- -We love David Rubenstein. David Rubenstein  is an “American financier and philanthropist best known as the co-founder and co-executive chairman of The Carlyle Group!” We have followed his great career as well as his great interviews on Bloomberg. Mr. Rubenstein had an interview with Jay Powell today at some Economics Club. The…

We remain in rally mode off of some of the most oversold, stretched and extended conditions to the downside we had seen since the 87 crash. Price on the upside has still not satisfied buyers. We are now in the midst of massive overhead resistance, the place where the ‘waterfall” dropped occurred. We are not…

Even though price is about the same as the previous two rallies, this one feels different. We are seeing beta/tech acting better. We are seeing a few names in that SOFTWARE group setting up or edging out of range. We are just feeling the overall tone as being much better. But: We are now starting…

Futures flattish and that is actually good news. Need some working off the latest surge off of extreme conditions both in price to the downside and bearish sentiment. This rally feels better than the last two. We completely doubted the last two as they were nothing more than bear market rallies. Both lasted less than…

Gross day yesterday but a gap to the upside today. Futures turned up when China eased overnight…again. Also, news of ANOTHER trade meeting even though everyone knows there will be trade meetings. The big economic story is a MUCH MUCH MUCH better than expected employment number as we are being told more than 300,000 jobs…