Markets

Another day…no tax reform…no healthcare reform but: Today…$1.7 billion will be added to our debt. Today…$1.2 billion of taxpayer dollars will be spent just on interest payments on the debt. But don’t worried. Markets say everything is fine. Futures actually down a wee bit. Just in the near term, everything looks overbought since the July…

SOURCE: http://dailycaller.com/2017/07/20/man-builds-park-stairs-for-550-after-govt-officials-said-it-could-cost-up-to-150000/?utm_campaign=atdailycaller&utm_source=Twitter&utm_medium=Social

IBM yonked again as sales down again. UAL and CSX also down. Big story VRTX on drug news up $35…helping overall biotechs where the IBB looks perfect. ASML nice gap. MS smaller gap. The story is beta/tech/internet/China adrs/Semis are back and in a big way. The June 9th top lasted to July 7th and instead…

NFLX nice gap to new highs on big increase in subscribers and higher guidance. Other movers to upside are LMT, JNJ, UNH. Movers to the downside are HOG, GS, SCSS, ETH, ERIC. Futures are flat. On radio yesterday, we mentioned how tight recent action in ENERGY has been TO THE DOWNSIDE. We noted how energy…

They have created over $20 trillion of debt. They have created yearly deficits between $500 billion-$1 trillion. They have created a welfare state with over 80 programs doling out over $1 trillion/year. They have slowed down the potential of economic growth. They have grown Medicaid from a program to help the indigent to covering over…