Markets

SOURCE: https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940

Futures off their lows…almost flat. CAT up almost $5 this morning…in the DOW. AAPL reports after the close tomorrow. A ton more names reporting….ones to watch: PFE, PG in the DOW. RL, SHOP, CHRW, HUM, RCL, SQ, STMP, BABA, TSLA, CTSH, ICE, REGN, YUM, W, ANET, GDDY, SHAK, WTW.

Instead of the NASDAQ/NDX/RUSSELL leading like we have told you they have been leading, we now expect them to lag. This means that the DOW/S&P will actually hold up better. We are not saying this just because of Facebook or Twitter. We are saying this because we are seeing a lot of growth names showing…

On top of Facebook gapping down, lots of other blow-ups. BIOGEN (BIIB) after gapping up recently…worry over drug news…down $40. ABIOMED (ABMD) recent leader down $24. MOHAWK (MHK) big miss, big blow-up. PAYPAL (PYPL) down only 4% but make note think it would have been worse except for a timely buyback announcement. Others…TAL, TREE, TPX,…

Futures down…but down most on NDX because of Facebook. This after a strong day yesterday because of TRUMP/EU potential trade deals. “Gary…I have owned Facebook for a while but giving back most of my gains this morning…should I sell!” I will never tell people who email me to sell or buy and the same goes…

SOURCE: https://www.zerohedge.com/news/2018-07-25/trump-plans-25-tariff-200bn-foreign-cars

SOURCE: https://news.gallup.com/poll/237908/smoking-rate-hits-new-low.aspx