One minute youre yelling at them to get off their loins and then theyre taking over the world. I like them back home and youre yelling at them. Thats what happened today. Dow dipping 24 points and s p dipping and there are changes underneath. They are about the millennials. What do i mean when i say the kids are taking over . Theres a group of consumers that simply dont behave like any other. Im talking about these millennials. Many of the people who run companies these days, they have not a clue what the Younger Generation is up to or what they think is right or how theyre different from their parents. These millennials frankly, might as well be aliens clever, tricky aliens who arent bound by any of the traditional ways most people believe. Even if you can think like the millennial, it may not matter because of structural issues that prevent you from making changes at your company to please them. You may see the train coming but you cant do anything about it if youre tied to the track
Advancing and new indices hit all time highs. That was easy. The bulls need to see a broadening outside of the winners. Todays rally encompassed more than a handful of stocks and internet darlings and tesla. A lot of investors have been worried this market was too narrow, it didnt have what we call the breath, the breath needed for a sustained advance. Todays rally was about as broadbased as weve seen all year. It has to be a tad disconcerting to the bears, who are betting we are on the verge of a sharp downturn. Because of a previous lack of upside participation. Here is what i mean. The other night i bemoaned the miserable performance of the dow transports and bellwether of weakness and sign the markets could be running on fumes. Today, they gave us exactly what we want. First, fedex United Parcel and stalled so badly of late, came out of the running blocks hot. We did see chattering after rallying a buck, 69 today is still up. And it made me feel we shouldnt give up on the commerce