Markets

After 8 years of 0% interest rates…after printing of over $5 trillion over here…after negative interest rates around the globe…after printing another $15-20 trillion around the globe (depending on which abacus you are using)…after actually using printed money to buy up their own markets…after gargantuan, monstrous, monolithic, over-the-top, cannot even be counted deficit spending…we just…

Lots of jello moving on the plate! Futures up a wee bit. Gaps to upside of decent size: UCTT, TER. MKSI, NOW, UAA, PYPL, EXAS, INTU, XLNX…there are a few smaller gaps in ALSN, MGM, CAVM, BMY, RTN To the downside: MLNX, FFIV, AMGN, ORLY, BWLD, CMPR, FTI, LUV. AAL, NTGR, CTB, EFX, ETH. In…

Wouldn’t get twisted that the market sold off late in the day it is just overbought and needs rest.  The financials (which are not leaders) seem tired into resistance .Whether or not market rests is another story. The big story is the great reactions to earnings in many names like TMO, ANTM, IRBT and WYNN….

—–Don’t you love how the left and the media are now all of a sudden worried about whether the tax cuts will cause more debt going forward? They did not give a crap as Obama won the championship belt on debt with $9 trillion during his tenure. Didn’t remember them asking whether the $800 billion…

US Steel croaks!

Futures flattish. Would love to see couple days of nothing but earnings season and tax proposals continue. Gappers- IRBT, WYNN, TSS, TWTR, ANTM, TEL, EW to upside. X, CREE, COF, DFS, ILMN, UTHR, ULTI, STX to the downside. We are sure we missed a few but will cover them after the market closes. We will…