Let’s Go Live in Venezuela
Inflation: 720% …
The Closing Look
Stocks rallied on Monday after Italy voted “no” on their referendum to reform the constitution. Italy’s Prime Minister, Matteo Renzi, resigned after his party lost and the “no” vote won. Overnight, futures were down slightly but they turned higher as the euro reversed from a big loss on the news. Once again, markets are adopting to…
The Morning Look
Market Update: Stock futures are slightly higher ahead of Tuesday’s open after Italy’s referendum failed over the weekend and investors now look ahead to the ECB meeting on Thursday and then next week’s Fed meeting. It took stocks three days to recover from Brexit, less than one day to recover from the U.S. election, and…
Amazon Supermarkets?
Amazon.com Inc just announced it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters. The name of the store, Amazon Go, will be 1,800-square-feet and get this: use sensors that detect what shoppers buy and automatically bills it to their Amazon account. Will this work? The fact is checkout lines are the…
Weekend notes!
We actually wrote the following on November 20th. We reprint them again because not much has changed: “We continue to believe this remains a very split tape…regardless that some major indices are in new high ground. Bounces aside…and to be clear, all these areas are deeply oversold…we continue to avoid: Gold/silver, real estate, utilities, beverages,…
The Closing Look
Stocks were mostly lower on Thursday as heavy selling showed up in the tech sector for the second straight day which dragged the market lower. The tech heavy Nasdaq 100 and many semiconductor stocks fell in heavy trade and broke down below key levels of support. In fact, the Nasdaq 100 has erased all of…
The Morning Look
Market Update: Stock futures are lower ahead of Friday’s open as investors wait for the always fun and fake jobs report to be released. The market is digesting a steep decline in the Nasdaq and semiconductor stocks over the past few days. Gary’s Thoughts: We forgot to mention the continued mauling in the big cap…
The Morning Look
Market Update: Stock futures are flat ahead of Thursday’s open on the first day of December. Oil prices vaulted 9% on Wednesday after OPEC cut production for the first time in 8 years. The always fun (and fake) jobs report will be released on Friday. Gary’s Thoughts: Futures flat but jello moving all over the…
What’s So Bad About Saving 1,000 Jobs?
We are amazed at the White House reaction and we are amazed by the left’s reaction to Trump’s saving of 1,000 Carrier jobs in Indiana. What is the matter with these people. Did they not see the video of the employees when they were told they would lose their jobs? Did they not see the…
The Closing Look
Stocks opened higher on Wednesday but closed mixed to mostly lower on the last trading day of the month. The big move to the upside came after oil prices spiked. OPEC cut production by 1.2 million barrels a day to help end the record supply glut. Economic data was mixed. Mortgage Applications plunged 9.4% while…