And everything we loved buy, buy, buy. Sell, sell, sell we now hate. Some stocks, the cyclicals and especially the oils were laid to waste while others, the Consumer Product stocks roared higher almost regardless of how theyre doing. All this action is masked by the averages. The dow sank 54 points and the nasdaq declined 5. 47 and underneath the market is seething and roiling and you know what . Its begging for prognostication. So what is going . Why are we tossing out the Natural Resource stocks and embracing stocks that do well in the slowdown . Three reasons, the United States, europe and china. Big reasons. All of the three legs are developing some chinks and theyre showing in a way thats freaking out owners of stocks that we havent seen since Interest Rates started to soar in the spring. First, as has been the case all year, everything comes down to this darn bond market. Interest rates which seemed to be on the brink of busting out of levels we havent seen in ages are on retreat
Sometimes the stock goes higher because the company it represents is solving unmet needs. Thats what got me going today as s p advanced pts 3 and nasdaq. 75 . Really hang in there despite this threat of higher interest rates. Lets give credit where credit is due. He put this idea in my head last week when i interviewed him at the ugg Australia Store on madison avenue. He explained to me his whole career has been about inventing new products that address unmet needs. He invented the first aerobic shoe at reebok. He invented a casual dress shoe, ro rockports and sneakers that help people with knee damage return to running after years of overwhelming pain if we attempted it and hes come up with a shoe specifically designed for the active yoga enthusiast. A group probably growing faster than any other athletic cohort at the moment. Decker has been on fire. Another 52 week high today. Which brings me to a host of other companies solving unmet needs beginning with, yes, of course t Company E
/PRNewswire/ Zentera Systems, Inc., the leader in Zero Trust Security for the digitally-transformed enterprise, today announced that its board of directors.