Markets

By Gary Kaltbaum- September 8,2017  I was going to do a nasty report on this latest deal between Trump and the Dems but figured that can wait. Will have plenty of time over the weekend for it. Looks like we will get a Cat 2-3 here in Central Florida. I would like to say that’s…

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…