Lest there be any remaining doubt of the value of aligning one’s company with the political party in power, look no farther than the deep state, deep data spooky high-tech outfit Palantir…….
…or body-cam-making, taser-those-people-crossing-the-border Axon Enterprises……..
………or big-tits celebrating jeans-maker American Eagle.
On that last item, even though the saucy ads from AEO have been getting plenty of press for a while, it only took a chubby from the President to get the market turgid.
Because, well………….
Shorter-term, all equity futures are green just before the open, but only by a little. We’ve bounced away half the drop we enjoyed late last week, but we’re back up to minor resistance on the S&P 500
And the NASDAQ
As well as, more strongly, the small caps.
I’m coming into the day medium-heavy (about 100% cash committed, no margin in use) across 25 short positions. My one stinker is a very small position in the aforementioned AXON, whereas my new CAT short, which reported earnings this morning, is looking good.
