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Looking toward tomorrow, we’ve got just about the only scheduled events of the entire month happening – – the Fed meeting/press conference and, earlier in the day, the release of the monthly retail sales report. The hyper-kinetic “V” of the shutdown is well behind us, so the market is anticipating a more drab, dull 1% pop.
Many years ago, when I worked at Apple (late 1980s), the CEO John Sculley spoke about how one day computers would be “sewn into your clothes.” No one really knew what he was talking about – – – and I’m not so sure he did either – – but he wasn’t too far off the mark. The revenue just from Apple’s “wearable” products would, on its own, make a fairly significant public company.
