Markets

SOURCE: https://www.zerohedge.com/news/2017-06-06/chicago-cab-industry-collapsing-medallion-foreclosures-soar

SOURCE: http://www.businessinsider.com/sears-is-closing-72-stores-heres-the-full-list-2017-6

A little bit of late distribution in some “glamour” names but they are die. Nothing wrong with some pulling back/consolidating, which can happen at any time. GDX…take a gander as GOLD STOCKS hit the screen today as maybe, just maybe, they could be turning. The metal has been stronger than the stocks which gives us…

Futures down this morning after quiet day yesterday. Not much sticking out here as not a lot of earnings this week. We do have the ECB crap but will be no changes as they are addicted to printing money and keeping rates at a NEGATIVE .5%. FINANCIALS continue to be an anchor here as they…

Will have full report tonight on my trip as well as markets. Futures flat…a few things sticking out! Seeing a few REITS at new highs…avb, cone, dlr, ess, pld, udr…also utilities stronger so the interest-rate sensitive play, for now, has bid. Same for a few housing names. Most of the bearish areas we have been…

As a huge environmentalist, bigger than Al Gore, bigger than Leo…why am I not having fits that Trump left the Paris accord? Why? Because I do not believe the bull crap being spewed by the rest. The world is ending…cities will be under water…hurricanes will be worse, more fires, more tornadoes, more extreme weather…blah blah…

Just to get it out of the way: The 40-45% of the market that has not been participating bounced on Thursday. We do not think things changed there. Maybe GM and F turned the corner with the worst being over but that’s about it. But lots of good out of Thursday’s action. We’ll just report…