Newsletter

NASDAQ futures flat. S&P futures up a wee bit. Very strong yesterday. COMMODITIES continue to lead in a big way but extended here. BOEING acting like an internet stock from 99. AIRLINES like AAL and DAL breaking out. ENERGY strong but extended. Big report over 3 day weekend. Be well!

SOURCE: https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul

Yesterday’s bear market lasted 3 hours. Need we say more. Futures are up. Now watching Biotech. IBB in big base. No other changes. Many are talking about higher rates. We have news for them. We are still sitting down at 2.56% on the 10 year and 2.91 on the 30 year.  Relax! That said, we…

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….