Markets

Futures flattish but a few things: ECB will continue to print a trillion/year and keep rates negative “well past the horizon of their net asset purchases!” In other words, if they ever stop printing money, negative rates forever. They know not what they do as they think they are heroes. When the world prints trillions…

After yesterday’s yuck, market bouncing today. FINANCIALS bounce early…was hurt the most yesterday. BIOTECHS in the green…strongest group near term. ENERGY bouncing more…way oversold and another hurricane heading my way. AIRLINES down again…lots of cancelled flights. Will be back later. Right now, preparing for a Cat 3 hurricane in Central Florida. Key West and South…

The REGIONALS (KRE) already acting like the Mets. The biggies (XLF) and you know the names have been sitting with a small bias to the downside. In recent weeks, they teased the downside but eventually held. Most of these names pretty much have done nothing since last December after the initial “TRUMP” move. Just letting…

Futures down. Not a lot. IRMA now a category 5. Be prepared. Get prepared. This is a killer storm that will play no favorites. Quiet earnings week. GOLD up again this morning. On the screens now. Watching insurers as IRMA can be another costly storm. Will have my usual logical but pointed comments on DACA…

To all our friends in Florida, there is a chance Irma could hit and be a big one. Do not mess with it. Best place to watch: http://www.nhc.noaa.gov/ Early last week, we had North Korea sending missiles over Japan. We had Harvey. We had massive floods. What did the market do? It reversed a big down…

Headline in the WSJ this morning: “SEPTEMBER IS ROTTEN MONTH FOR U.S. STOCKS!” Pay no attention. If the markets want to head lower, they will in spite of what month it is but: The recent correction was again anemic. The recent rally has the market turning the corner. Leadership showing up. Biotechs now on the…