Market Look

The divergences widen. The good get gooder. The bad get badder. Leadership remains with tech, internet, software, cloud and a slew of recent IPOs (most money losers) going en fuego. While there is half the market in bad shape, the worry is the charts of the big financials. So far, it is just vicious rotation….

Fed raises rates….still at a measly 2%. Last time unemployment was 3.8%. rates were 6%. This morning ECB says they will slow down money printing but still keep rates negative into 2019. Amazingly, long bond rallies strong this morning taking long rates down. 10 year still under 3%. Futures up. Normal to do opposite of…

SOURCE: http://www.latimes.com/politics/la-pol-ca-california-split-three-states-20180612-story.html

A few thoughts on North Korea: We are amazed and continue to be amazed (not in a good way) how the national media continues to bring on pundits to put down anything and everything Trump has done with his dealings with North Korea. Who are these pundits? Mostly people from past administrations that failed to…

Futures are up a wee bit after an eventful evening. Lots of whining and complaining by the media. Our take: it is a great opportunity. May lead to nothing but life is about opportunities. Hopefully, this one is a success. No complaints. Markets have been edging higher. Selling has been limited. Beta has been picking…

SOURCE: https://twitter.com/i/status/1006506403492696064