Markets

Nice move off support yesterday. The NASDAQ/NDX a smidge back above the 50 day. The SOX off the 50 day. The move off of the prez for the 100th time sayuing a China deal close. This morning…futures up a wee bit. BYND up over 420 as Mickey D’s going to test out their fake meat….

If there isnt a smoking gun in these transcripts… Most important points: Growth worsens. Continue to avoid growth. Everything else fails at highs. The SOX moved to highs for the 3rd time but now seems to be rolling over in the near term. NASDAQ/NDX now below the 50 day. Nothing good can come from that….

WeWork is in the news. Not for anything good. Looks like some tough sledding for those who bought into the ridiculous valuation placed upon this company. We are told the last “buy” was at a $47 billion valuation. This for private buyers. Private buyers are the ones that very often make out in a big…

So Bernie goes one up on Elizabeth. On his twitter feed, he writes: ” There should be no billionaires. We are going to tax their extreme wealth and invest in working people.” He then proposes this YEARLY wealth confiscation: 1% above $32 mil 2% $50 mil-$250 mil 3% $250 mil-$500 mil 4% $500 mil-$1 bil 5%…

Futures up just because….oh yeah, the administration took back what they said about China on Friday…just dont blink. It is the end of quarter window dressing period where typically, nothing bad happens. Of course, window dressing is illegal so it does not happen. The big 4 indices continue to trace out constructive patterns. Just need…

Futures down this morning but not much. A few notes: GOLD/SILVER look like they have found support off the recent pullback. Would love to see some time put in at or near these levels. BONDS bottomed recently after some corrective work. Lower yields on the long end have not been received well by the market…so…