As a lifelong Star Trek fan, I heartily approve. And, hey, if nothing else, this administration has finally done something I’m excited about!
We’re getting to the high point of the earnings season, and of course all eyes were on Apple after the close. It did not disappoint, as shown below. During the regular market session, before the report, I tweeted out an image from the Earnings Reaction page here on Slope, showing that the average pop is 1.82%. AAPL’s gain of about 2% as I’m typing this, therefore, is typical.(more…)
Glad I took some profits yesterday. Sheesh! This market can’t manage more than a day or two of weakness. Anyhoo: here is a survey of the sky-high mega-cap stocks which are reporting after today’s close and before tomorrow’s open. Should be well worth watching.(more…)
One standout short this morning is MMM, which reported earnings before the open. I’m hanging on to this one. Plenty of more room to go!
Yesterday was a momentous occasion. About three months ago, the weak, cowardly, and amoral Jerome Powell cranked interference with the markets up to an “11” with his free-money-for-big-banks Repo scheme, and of course the market did nothing but hit new highs every day. Yesterday, for the first time in nearly 80 trading days, we actually dropped more than a single percentage point. The poor dears!
Can you imagine an era where people are screeching and whining about a slightly more than 1% drop off of a Dow that nearly reached 30,000? Powell and his disgusting ilk have crafted a globe of self-entitled whiners, and it’s a cool drink of water on a hot desert day to actually see things flip slightly organic, even if just for a few moments.(more…)
From our awesome calendar page……