Newsletter

Questions that were not asked last night. As always, these questions contain lots of facts. (What a concept!) Every one of you sounds like this country is going to hell in a hand basket. But unemployment is 3.5%. The U.S. is experiencing historic lows for Hispanics, blacks, women and the young ones. Why would you…

Something about China/Hong Kong and a house resolution hit futures but not that bad. BUT as we write this: WDAY down $17…COUP down $10…ADBE down $9…NOW down $20…MDB down $6… INTU down $5…CRM down $4…VEEV down $5…not sure blow-ups on some downgrades and WDAY just saying expenses may go up a little bit is a…

Quiet day yesterday but do not forget, Powell now performing QE at $60 billion/month. Markets have loved this for 10 years so we are on the balls of our feet. BUT…we are now in earnings season. Pay attention to the reactions, less the words. Estimates are for earnings to be down year over year so…

—Despite major indices still range-bound…despite the internals nowhere near the strength of the big 4 indices…despite the clear lack of leadership…despite the clear lack of new yearly highs….”QE BUT DON’T CALL IT QE” is here.  We are calling it “QE BUT DON’T CALL IT QE” because that is what Jay Powell told us. “DO NOT…

Markets up over 1% because the prez says deal talks going “very well!” But he has used those words 100 times in the past 18 months. The difference? Elections matter and we are getting closer. But add in: We are calling it “QE BUT DON’T CALL IT QE!” At least, that’s what the easy money,…