The two big earnings announcements this evening are from Intel and KLA, both of which, in early trading, are getting slammed.

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The two big earnings announcements this evening are from Intel and KLA, both of which, in early trading, are getting slammed.
The purpose of this post isn’t to say Brown Forman is a great short idea. Instead, it reflects the mood of the market and potential size of the bear. If this chart is bearish, I don’t want to short it, but I do want to find the consumer staples stocks that are in worse shape.
I saw this post on Twitter and ran the charts.
Remember designer babies? There was a period of time when, just like 3-D printing in 2014, this very futuristic sector was red-hot. And, just like 3-D printing, I’m sure its time will come, but let’s just say the market got ahead of itself, and we’ve got another member of the 90%+ wipeout club.
On a totally separate note, another thing that will be “burned to a crisp” is the bug some of you noticed in which comments were disappearing. We have FOUND the issue and are resolving it today. Thank you for the heads-up.
I’ve been bearish on pizza for a while. These continue to finish up their massive tops, and I suspect the capital losses will be as dreadful as their food products before the year is over.