Newsletter

Yuck…yuck and more yuck. Start with some money losing IPOs romping and stomping to the upside. Add in over 50% of the market bearish while some indices go to new highs. Add in very extended leaders. Add in put/call numbers off the charts bullish…and start the week with yuck. That 2800 area may be a…

Just for today, will not discuss what IS working. We do that in just about every report as well as on our radio show. What amazes us is how many things are still not working. Those areas are not necessarily bearish but are certainly not bullish. Most are in different levels of not working. UTILITIES…

The divergences widen. The good get gooder. The bad get badder. Leadership remains with tech, internet, software, cloud and a slew of recent IPOs (most money losers) going en fuego. While there is half the market in bad shape, the worry is the charts of the big financials. So far, it is just vicious rotation….

Fed raises rates….still at a measly 2%. Last time unemployment was 3.8%. rates were 6%. This morning ECB says they will slow down money printing but still keep rates negative into 2019. Amazingly, long bond rallies strong this morning taking long rates down. 10 year still under 3%. Futures up. Normal to do opposite of…

SOURCE: http://www.latimes.com/politics/la-pol-ca-california-split-three-states-20180612-story.html

A few thoughts on North Korea: We are amazed and continue to be amazed (not in a good way) how the national media continues to bring on pundits to put down anything and everything Trump has done with his dealings with North Korea. Who are these pundits? Mostly people from past administrations that failed to…