Market Look

US Steel croaks!

Futures flattish. Would love to see couple days of nothing but earnings season and tax proposals continue. Gappers- IRBT, WYNN, TSS, TWTR, ANTM, TEL, EW to upside. X, CREE, COF, DFS, ILMN, UTHR, ULTI, STX to the downside. We are sure we missed a few but will cover them after the market closes. We will…

Another gap to the upside. Only issue was the tired close of financials but that’s all. Nothing wrong with being a little overbought. Good to see strong reactions out of names like MCD and CAT. Those 2 names were about 100 Dow points. Lots more earnings to come out but this 2 day move sets…

We will let that stand on its own. SOURCE: http://dailycaller.com/2017/04/25/al-gores-new-group-demands-15-trillion-to-fight-global-warming/

Don’t you love socialists. Whine and complain about the rich and the successful. Whine and complain about those that make “too much” money. They whine and complain until they are making the cheese. President Obama is not immune to socialistic capitalism. SOURCE: https://www.zerohedge.com/news/2017-04-24/obama-receive-400000-speaking-fee-cantor-fitzgerald-conference

Sorry about no closing comments yesterday. Go figure…a French preliminary election juices the market. The case is being made that if the far right candidate won, France leaves the EU…which could lead to who knows what. When the market realized there was no chance of winning on May 7, everything is great again. At least…

We know why! The question is whether the mall owners can do something about it.  

We do not rationalize why. We are of the belief that it’s not the news. It’s how the market reacts to the news. But since it is news, here is what is happening to cause the markets to jack to the upside this morning. The supposed pro EU, pro immigration “centrist” in France will now…