RADIO SHOW 5/1
SOURCE: https://archives.warpradio.com/btr/investorsedge/050118.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/050118.mp3
One of the worst groups recently has been the mega-important SEMICONDUCTORS (SOX). Today, it has been showing relative strength from the get go. When the DOW was down 350 at its lows, the SOX was flat to up. This enabled the NASDAQ/NDX to also outperform the DOW markedly today. When you have a second, go…
SOURCE: https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record
Since hardly anyone reports this, we will: The Treasury (our tax dollars) said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated. Think about it. Those wonderful human beings in DC from Ryan, McConnell to Pelosi, Schumer had to borrow…
SOURCE: https://archives.warpradio.com/btr/investorsedge/043018.mp3
SOURCE: http://dailycaller.com/2018/04/29/vancouver-gas-prices-nearing-8-a-gallon-the-highest-in-north-america/
MCD up $6 on a 9% drop in sales…but earnings were up. Last 4 quarters sales for Mcdonalds -3, -10, -11, -9 but the stock keeps performing. Futures up but off the highs of a few hours ago. China strong overnight. Look at the FXI tight along the 200 day. A ton more earnings this…
Random thoughts on everything: Tomorrow is end of month…and then the sell in May and go away period. This is supposedly not a good period, especially in a mid-term year…but as always, we will let the market decide on that one. From 1950 to around 2013, DOW has had an average return of only 0.3% during…
SOURCE: https://archives.warpradio.com/btr/investorsedge/042718.mp3
Amazing how a few mega-cap reactions can help market and turn the tide to a certain extent. First…major indices again held long-term support as the S&P went right back to the 200 day. Second…the NASDAQ/NDX is just back into the range…which we suspect has more to go. Other indices less so. Yesterday, it was FB…