U. S. Cases do continue to decline. The fda gives the go ahead for plasma use in hospitalized patients and a potential vaccine fast track and tech on a tear. Shares of apple up nearly 75 this year ahead of its four for one stock split today. Jim, we have all that to handle and jackson hole this week, the rnc and couple tropical storms in and not a sleepy august it should be a sleepy august, and its not august supposed to be a down month and its not people say, wait a second. 70 of the market didnt do well last week. I always find those kind of things because 70 of the market does well this week. You dont have a bunch of anything to hang your hat on when you look at a big apple price target increase basically to where the stock is you realize, wait a second shes the first. But will everyone have to follow every price target is below where the stock is a lot of people feel enthusiasm for the stock split. Of course, that is part of it. I know stocks mean nothing but they excite people she
Looking up for the economy and then suddenly we got negative data points that changed everything and made the recession a plot more likely sure, that may be the profrnl mat cause of todays decline, losing another 494 points, s p 500 plunges 1. 79 . Nasdaq plummeting 1. 76 . Sell, sell, sell, sell but the truth is a lot simpler. We were due for a selloff. How i do know . Because thats what ive been telling you for weeks. A month ago i told you about the s p 500s short range oscillator indicator. This is a tool i pay a lot of money for that tells you almost with uncanny accuracy when the market is overbought or oversold, overbought meaning due for a pull back, oversold means you have to start buying when the oscillator is above five, it always almost means we came too far too fast. And you need to do some selling. Well, when its well above 5, you need to aggressively raise cash as i told you last month the oscillator went extremely high reading, told you we were due for a bruising i stwu
On Hillary Clintons president ial campaign. First, lets get right to the top stories were following on this friday. U. S. Stocks retreated the most in three weeks as American Express shares tumbled to their lowest level since 2013. Data single stronger inflation and china tightened trading rules. The stick a quick check of the boards this afternoon, the s p 500 is down one point one a third percent. The Dow Jones Industrial tumbling down one. 75 at 17,073. The nasdaq composite index is down 1. 7 at 4922. A quick check of crude oil, half hour the close of trading in new york, crude is down 1. 75 at 5573. Inflation in the u. S. May be picking up. The core costofliving rose. 2 in march for the third month in a row. That reflects broadbased increases in rent, medical care and used cars. On a yearoveryear basis, excluding food and energy costs, prices rose 120 . Americans are growing more confident about the economy. The university of Michigan Consumer Confidence Survey rose this month to t
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