Newsletter

Amazing what the market reacts to. The president tweets something about China which was old news and the China trade turns up. The down and out SEMIS ramp hard. On top of that, the ECB going to lower rates even though rates are negative. Actually, we are not surprised.   BIG CAP indices edged above…

–If at 100th you don’t succeed, try try again. That has been the motto of central banks for over a decade and continues to be the motto. This morning:– –In spite of the ECB having negative rates, in spite of the trillions of printed money, in spite of the 10 year German Bund amazingly yielding…

Futures up a wee bit…but today doesn’t matter. Tomorrow doesn’t matters. What matters is one person and his minions using whatever data they see to continue easy money policies that go easier every time markets get in trouble. It nauseates us that we continue to be in central bank-induced markets…but it is the way it…

No…it is not because the Amway Center is about 1,000 feet from our offices. It is because Florida and certain parts of Florida, namely the areas around central Florida, that may matter most. Here are some very important facts. Florida is a whopping 29 electoral votes…the largest swing state. Florida has gone for the winner…

It’s a long day but this BROADCOM (AVGO) news is important. As you know, the SEMIS are the most important group to our work as they continue to lead markets up and down. It used to be the FINANCIALS were first and SEMIS second. No longer. So…we will watch closely. Fundamentally, we have been saying…