Market Look

We outlined for you this morning to watch for a ‘sell the news” day. This was not just selling. Leading growth/tech/internet/semis and all that stuff was mauled. To be clear, anything is possible but this does not look like ordinary selling or an ordinary pullback in these areas. To our eyes, this selling looks consequential…

By GARY KALTBAUM DECEMBER 4, 2017 It is early but just making note that we are not sure we have ever seen a bit ago DOW up 285, the TRANSPORTS up 315, the NASDAQ down 12, the NDX down 25. Our theme of “changing of the guard” continues to play out. We warned you to…

It’s up nicely…and my President refuses to shut up about investigations that may put himself and people of his administration in harm’s way…

As we write this, DOW futures are up over 200 off of the Senate bill. It is quite interesting to read that the average effective corporate tax rate is already at 22%. So why would a small drop be such a good thing for markets? Of course, futures can change overnight. Friday was influenced by…

By Gary Kaltbaum Those that listen to my thoughts and the radio show know we have a certain motto when it comes to Washington DC. It is quite simple: “WE HATE THEM ALL!” Of course, “hate” is a big word. We do not throw it around easily. But it is easy when it comes to…

Will talk much more about yesterday’s action as well as the whole week over the weekend but how about: Transports and Financials up 7% in 5 days before a small late pullback. These areas major beneficiaries of the tax plan. I will also have a wrap up of other areas this weekend. Futures down but…

Futures up…areas that were crushed yesterday with a bounce and areas that broke out in past 2 days, continue up. FINANCIALS, for the obvious, break out…bid up again this morning. The “tax reform” bill is really pro-FINANCIALS. TRANSPORTS, been lagging but that changed yesterday with a large 300+ point gain. Didn’t see any news. MANAGED…