WHAT’S ANOTHER $488 BILLION OF DEBT?
SOURCE: https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record
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PRE MARKET
Since hardly anyone reports this, we will: The Treasury (our tax dollars) said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated. Think about it. Those wonderful human beings in DC from Ryan, McConnell to Pelosi, Schumer had to borrow…
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RADIO SHOW 4/30
SOURCE: https://archives.warpradio.com/btr/investorsedge/043018.mp3
VANCOUVER $8/GALLON
SOURCE: http://dailycaller.com/2018/04/29/vancouver-gas-prices-nearing-8-a-gallon-the-highest-in-north-america/
PRE MARKET
MCD up $6 on a 9% drop in sales…but earnings were up. Last 4 quarters sales for Mcdonalds -3, -10, -11, -9 but the stock keeps performing. Futures up but off the highs of a few hours ago. China strong overnight. Look at the FXI tight along the 200 day. A ton more earnings this…
WEEKEND NOTES
Random thoughts on everything: Tomorrow is end of month…and then the sell in May and go away period. This is supposedly not a good period, especially in a mid-term year…but as always, we will let the market decide on that one. From 1950 to around 2013, DOW has had an average return of only 0.3% during…
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RADIO SHOW 4/27
SOURCE: https://archives.warpradio.com/btr/investorsedge/042718.mp3
PRE MARKET
Amazing how a few mega-cap reactions can help market and turn the tide to a certain extent. First…major indices again held long-term support as the S&P went right back to the 200 day. Second…the NASDAQ/NDX is just back into the range…which we suspect has more to go. Other indices less so. Yesterday, it was FB…
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RADIO SHOW 4/26
SOURCE: https://archives.warpradio.com/btr/investorsedge/042618.mp3
PRE MARKET
Strong futures today off of FB sandbagging earnings but nevertheless, earnings very strong…in the 60s with sales almost up 50%. Yesterday, another hold of the 200 day and longer-term support. BA helped big time…arguably the most important stock in the DOW and the NYSE. Our theme remains. Major indices still in ping pong, back and…