Posttrump rally has only been subject to the most mild of profit taking and remains as improbable as the election outcome itself. In the old pretrump days it was almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good feeling continue . Lets check out our game plan. Right now politics can outrun any earnings and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about
Almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Continue . Lets check out our game plan. Right now politics can outrun any earnings, and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about foreign policy. Why do i say this . I heard it from Money Managers and floor traders. Something to think about. Trump may not be the most diplomatic guy on earth, but Money Managers would cert
Were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good feeling continue . Right now politics can outrun any earnings, and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about foreign policy. Why do i say this . I heard it from Money Managers and floor traders. Something to think about. Trump may not be the most diplomatic guy on earth, but theres no reason he cant hire be appeased, and of course the name brand wall street
Is that the new diddy . Behind the initial selling yesterday and today . The dow gaining 49 points. Nasdaq climbing 8. 39 . Why not . Weve got 22 days, 22 Business Days in june that the swoon could happen. So why not go with the other half . Sell in may and go away . 22 days to be right. Look. I hate these poetic tid bits. If they didnt rhyme, i doubt anyone would give them a second thought. When can we just start hitting everyone . Hitting everyone who trots out with a 2 x 4 and make them see stars . The problem is that it is much easier to be publicly embarrassed than it is to be publicly bullish. Particularly in this market. It can always be wrong and negative and no one will call out on that. Nobody cares about the bears who use these phrases as watch words. For example, the odds are good enough that it is worth uttering this moronic phrase. If the market goes down at any point and youertered it, you look like a genius. You can raise fortunes off it if things go wrong. And nobody w
A roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. And more on the latest on the disappearance of egyptair flight. First up, stocks are poised to open higher a day after the s p touched a twomonth low on concerns the fed might hike rates next month, or in july. The dow and the s p on track for its fourth consecutive weekly loss, thats the first such streak since october of 14. The nasdaq on pace for its first fiveweek streak in the red since 2012. Yeah. Interesting to put in perspective the month weve had. Money pouring out of the market worse actually, these guys talking on squawk box worse than 2008 and 2009. People concerned its not just one hike, its multiple hikes. I dont know how that conversation comes back on. Thats scaring people. Earnings just soso. Geez, its just kind of a subpar picture, i think. Really . Even with the economy essentially the fed saying its essentially Strong Enough to handle this. Why is t