The Dow hit a fresh record high on Thursday helped by a large rally in the financials, industrials, materials and transports. The Nasdaq and Nasdaq 100 spent the session in the red as several big growth stocks remain under pressure (AAPL, AMZN, FB, FLT, BABA, just to name a few). Almost overnight, the areas of the…
From zerohedge…from the Trump transition team, this is some of where they want to take the country! The full report can be seen here: https://www.greatagain.gov/index.html The key highlights include: overhaul in immigration policies, including “Building that Wall” , the Trump transition team will “execute on the following ten-point plan to restore integrity to our immigration system,…
By Gary Kaltbaum – November 10,2016 We wanted to just talk markets this morning but something we have already seen just the day after the election has us wanting to talk outcome of election also. So… What happened to the crash? What happened to the 900 point futures drop? The scare tactics did not work…
Stock futures were down close to 900 points overnight after Donald Trump won the 2016 election. The massive sell-off only lasted 6 hours because the bulls showed up on Wednesday and sent stocks higher. That turned into the largest single day reversal for the market since the 2008 financial crisis. Gary’s Thoughts: What happened to…
Market Update: Stock futures are higher ahead of Thursday’s open as the market has been on in rally-mode all week. Gary’s Thoughts: We repeat from last night: What happened to the crash? What happened to the 900 point futures drop? The scare tactics did not work just like it did not work with Brexit. Outcome…massive one…
Steel stocks very strong…as a Trump presidency will stick middle finger at China and other steel cheaters. Financials strong…Dodd/Frank may be headed the way of the dodo bird. Caterpillar, Fluor and others on potential for construction. Be very careful. Some of these moves to the upside are outlier moves and will eventually normalize. This is…
Stocks rallied on Tuesday as Americans cast their vote. The market opened a little lower after the latest round of earnings blowups were announced. $HTZ, $VRX, $CVS, $W, $DEPO, $TAST, and $DHI were some of the stocks that fell after reporting earnings. Buyers quickly showed up and sent stocks higher after early exit polls suggested…
Since I had 15 minutes of sleep and since market all over the map overnight, will wait to give you bigger report on both markets and the election tonight. I also have to change my winners/losers report completely. On the open: Biotechs/drugs soaring as Trump and a Republican Congress essentially takes all the drug price scrutiny…
Market Update: Stock futures plunged nearly 900 points over night and are now bouncing back after the Trump victory. Gary’s Thoughts: That’s not a bounceback. That’s a monstrous reversal. Economic Calendar: Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Wholesale Trade 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET Neel Kashkari Speaks…
When we coined the term government run markets, we were basically talking about central banks, both here and around the globe. Little did we know we would have to include the FBI. Tonight, the FBI turned tail again (are you dizzy yet?). We will leave that for another day. As we write this, Dow futures…
