Newsletter

Futures going nowhere today. Yesterday…another day where NASDAQ/NDX leads…DOW is down. These divergences can last a long while but must be watched. Keep in mind, the NASDAQ/NDX is where the best growth is. DRI breakaway gap this morning. MU up a bit on good numbers. Yesterday, SBUX to new yearly lows as they lower numbers….

We know the DOW was down almost 300 points yesterday but nothing changed. If you noticed, the NASDAQ/NDX almost came all the way back off of the same select few megacap names. That’s for starters. Random notes: Emerging and other markets continue to underperform and badly…go look at EEM, EFA, FXI, TUR, RSX, EWZ, IEMG…

SOURCE: https://www.cbsnews.com/news/home-price-insanity-2-6-million-for-900-square-feet/

Tariffs and trade wars make no sense. They raise prices. They cost consumers. They hurt jobs. They create uncertainty. Business owners, large and small, cannot plan. They do not know what will happen next. They do not know if a tariff will be implemented. They do not know if a tariff will be taken away….

Futures are whacked this morning. DOW down about 320 as we write this with NDX down 100. Blame is being put on Trump for ratcheting up the “trade war!” We do believe that is the catalyst this morning but we think markets were ready to correct anyhow. Remember, we wrote to you yesterday that soooo…

The Donald decided to ramp up the “trade war” tonight. Futures down 250 with NAS down 75. NAS has continued to lead. It is a long night…and most of these “trade war” issues have been bought up. But this is now getting serious. More in the morning.