Newsletter

By Gary Kaltbaum In a nutshell, in one glance, we are able to see the rewards of good policy and the repercussions of bad policy. I was doing my usual scanning of the news and right about the same time, I found two reports with two different outcomes. Those that have listened to the radio…

Dow up as GS,BA,JNJ, TRV up nicely early. FINANCIALS also working this morning. They have been sitting tight recently. Not a lot to add. Still…not an inch of pulling in. Not an inch of sellers…except a few weak areas like utilities and real estate. And lastly…Tim Hortons reduces employee benefits because of minimum wage hikes….

Futures flat but a few names lifting numbers in PLCE, LULU, MZOR and DRI. Always good to see raised numbers. A gargantuan return from the holidays as the boys were relentless last week piling into the markets. We would like to tell you there were some holes but they were few and far between. In…

SOURCE: http://www.espn.com/nfl/story/_/id/21960086/nfl-television-ratings-97-percent-2017-regular-season

FINANCIALS (XLF) edging out of a few week range with a few names like BAC, JPM, WFC ascending out of short bases. Keep in mind, they all start reporting late next week. DOW stuff: IBM just off an upgrade yesterday continues on the move with their crappy numbers. MMM off the 50 day. AXP edges…

We shall be short as to not confuse: Big institutions representing the big money came back from the holidays and are buying en masse with the NASDAQ again leading the way. Never argue with the big money. Strength remains in commodities, oils, housing with many semiconductor names waking up from weeks of dormancy.