Markets

Europe up stong after Asia up strong so we are up strong. Movers to the upside: X, SODA, EL, WYNN To the downside: CHKP, FISV, DDD, EVHC, EA, PZZA, PAYC, RGR, CRTO OIL PRICES broke above range so some of the down and out OILS are coming on. REFINERS remain the strongest. Facebook and Tesla…

NDX futures up decently…everything else a wee bit. INTC, AAPL, AMZN and a few others get the opening bump this morning…just on momentum. AAPL and FB report this week. AAPL announces going to use INTC chips so INTC up even though very extended.   Today continues end-of-month windiw dressing. Of course, it is illegal so…

In DC news, Paul Manafort and Richard Gates have been indicted by a federal grand jury. The ride begins. Looks like a bunch of financial crimes. As I always say…if you do the crime, be prepared to do the time. And as predicted, the media is breathless. They are hoping and praying these 2 have…

—By Gary Kaltbaum  October 30, 2017— —Random stuff and then the markets.— —Wednesday, November 15 is the 14th annual (maybe 15th) Kaltbaum family Blessing’s Banquet. Every year, we sponsor a Thanksgiving dinner for about 400 youth from the Boys and Girl’s Clubs of Central Florida. Most would not have Thanksgiving dinner if not for this night….

Big gaps in big Nasdaq-types doing the trick this morning. GOOGL up $30. AMZN up $69. MSFT and INTC also up. MAT, EXPE, BIDU, FTNT, GILD, WDC, EFII on the downside. Yesterday, BIOTECHS continue the cave and should be avoided and now DEFENSE stocks look to be in trouble off the reactions to numbers. Will…

Lots to cover. We have told you for many moons that the world will never stop their easy money policy. They can’t. They have caused and bought up asset prices across the spectrum. Depending on which abacus you are using, the guess is between $15-20 trillion…let us repeat…TRILLION of printed money, out of thin air,…