Market Look

We just arrived in Dublin, Ireland. As we were on the train, we got the news. The deadliest mass shooting in U.S. history had occurred in Las Vegas. The recent highest number was right down the block from my office in Orlando. Last week, my wife and I toured Manchester, England and went to the…

By Gary Kaltbaum- October 1, 2017 Greetings from Belfast Ireland as the GK birthday celebration continues. If you have never been to Northern Ireland, my highest of recommendations. Yesterday, did the Giants Causeway, Carrick-a-rede bridge, Portrush, Bushmills and the whole coastal drive. Today, did the Titanic expedition (better than the magnificent they said it was)…

Same story today…financials strong, beta/growth bouncing after ugly Monday drop, semis strong but need pullback, transports strong. Oils got overbought…normal pullback. Will have a biog report over the weekend coming to you from beautiful Northern Ireland.

Socialist Bernie Sanders who has never created a dime of wealth nor has he ever created a job, said this in a tweet recently: “Meanwhile, the Walton family of Walmart has a net worth of $144 billion. This is what a rigged economy looks like.” No Bernie, a rigged economy is when you and your…

Greetings. Heading to Ireland tonight…which means we will have a lot to write about as we love writing when we travel. We will be writing about the NFL, tax reform, Bernie Sanders and whatever else comes to mind. The con artist Sanders actually said the Waltons (of WalMart fame) have too much money. This coming…

Corporate tax rate to be lowered to 20% from 35%.  WE SEE NO DOWNSIDE ON LOWERING THE CORPORATE TAX RATE! Pass through corporations taxed at 25% (instead of top tax rate small businesses pay!) WE’LL TAKE IT. TONS OF THESE CORPORATIONS. BUT IS THERE REALLY A BIG BENEFIT? Tax brackets from 7 to 3. Top…

Futures up nicely after market was all over the map yesterday, opening strong but finishing flat…but: The bond market is decently lower today as rates on the long end back up. This means we will get a little gap to the upside in financials. A few big financial names set up well with the best…

Yesterday, we stated that a bunch of glamour growth names were either breaking support or pulling back heard. BUT…we were not saying any additional selling in other areas. Of course, that could change but as of the close, nothing doing. A few thoughts: OILS now extended and overbought from this recent move. Suspect pullbacks are…