Markets, debate and Arnold Palmer.

Was going to post weekend report but want it to be short. Tonight is the debate. But yesterday, Arnold Palmer passed away. Mr. Palmer was my idol when I was a young child along with Willie Mays in baseball. I had heard of his failing health but one still does not want to hear the news. In case you do not know, I believe Mr. Palmer will be remembered much more for what he did after his golfing career than during.  Go google Arnold Palmer and the word “hospital!” Go google Winnie Palmer and the word “hospital” and see what comes up. The man lived to help. He lived to do for people he needed absolutely nothing from. We watched Rory Mcilroy win $13 million yesterday. There would have been no chance of that if not for Mr. Palmer. RIP good man.

Markets remain rangebound with internal deterioration underneath. We say this because there are fewer and fewer areas working, fewer and fewer stocks working and a clear lack of new yearly highs even though we have bounced back up into range after the Fed non-move. That said, small cap definitely leading large cap right now and the Nasdaq/Ndx the strongest indices led by tech/internet/semis and the resurgence of a bunch of very speculative biotechs off of a few very speculative buyouts. We will have more as the week progresses.

And tonight’s debate. Look for our live tweeting and a report late tonight. We are still  trying to figure out how we got here.