Never mind. Yup…never mind. The president changed his stance on China. The president will not be as harsh on China. What happened? Markets were going down. Yes…they are listening to me. We have stated on radio and tv that their stance on China and the rest of the world would hurt markets. If markets went…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062618.mp3
S&P and DOW futures up a wee bit. NDX futures better as market bids up the mega-cap names early after a decent drubbing yesterday. REMINDER…END OF QUARTER AND JULY 4TH NEXT WEEK. NORMALLY A POSITIVE BIAS. Wouldn’t know it by yesterday. BUT….as you know, before this week, more than half the market worrisome and now…
Well that was interesting. To take the positive side…it is still end of quarter window dressing coming up along with the July 4th holiday…usually a decent bias. The DOW again on the 200 day average where is held April 2 and May 3. Best hold. The XLF back to the important lows for the 5th…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062518.mp3
Futures down decently. They turned down when the president talked about more tariffs and all that crap. Harley Davidson said they are going to lose up to $100 million they otherwise wouldn’t have lost because of the EU tariffs which came about because of Trump tariffs…about $2,200/bike. They also announced they plan on shifting a…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062218.mp3
First Krauthammer! Charles Krauthammer passed away after a long bout with cancer. I noticed something in the past few days. Many people wrote about him starting with “I never met Charles Krauthammer but” or “I only met Charles Krauthammer once but.” I could not find one even remotely negative opinion on a man that so…
Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not…
Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens…
