That retaliation comment that mentions boeing. Did not mention apple, but apple is acting terribly did not mention Applied Materials. Had a great quarter, stock reversed badly its a surprise. I dont understand whats happening with boeing. You have this you have the ceo, who is blasting the clients, then you have china who doesnt want boeing, and a queue for boeing planes that is dissolving i dont like anything im hearing about boeing nothing. You mentioned the editor for the global times, he does say based on what i know, if you block further, we can add you to the unreliable list, and he says qualcomm, cisco, apple as well as suspending the purchase of boeing planes. This is terrible. The china haters and china lovers should look at our retail sales and say, you know what maybe we have to shut up a little bit here. Maybe were not as strong as wed like and we should hold out until were stronger ive been the hardest line on china. Everybody knows that im harder than peter navarro. But t
Says military cloud contract win. And Restoration Hardware surging at the open, Buffetts Berkshire hathaway revealing a new stake in the furniture retailer stocks are looking to make more history a day after the s p posted its 21st record close of the year futures up on comments from larry kudlow about progress of trade talks in china, upbeat news about the consumer adding to positive sentiment. Retail sale s rebounded in october. 3 but strip out gas, it is a miss. Strip out autos and gas, it is a miss as the threemonth average continues to slow. Jim . Look, i there is just the mixed picture keeps making it so it is bullish. It is amazing. If it were too strong, we would have to say that jay powell has they still play by jay powell there is just enough tease with trade talk i have my view on what is happening now and it is not as sanguine as what people are saying this is about farm, about ag, and it is about this is my understanding, not necessarily about soy. A lot of pork involved b
Climbing ill tell you how its done. Market reached unheard of levels by triumphing over the concerns that caused Money Managers to stay on the sidelines to buy lower prices often hear we climb a wall of worry to get to exhausted levels but today we just didnt scale a wall but beached and busted through mine fields, force fields and cauldrons of boiling oil. This is a quite bull market. Tonight i want to go over obstacles weve overcome amazing list, outside of president on twitter seems to be celebrating is down. Challenges conquered thats a graphic obstacle number one, impeachment. I told you wouldnt matter to stock market based on bill clinton. Buying opportunity, not selling. But sitting president incredibly pro business and House Democrats are trying to take him down and stock market is ignoring whole process, maybe should impeach all president s works out for the averages obstacle number two, recession fears. Job growth is still robust versus the historical norm but over the summer
Up acronym for not as bad as fear while it seems to gain on the surface, the nasdaq rising 0. 40 , underneath there were some bewildering moves that remind us the market doesnt always behave the way we expect it to. In particular, a bunch of stocks rallied today, even though they reported what looked like simply awful numbers. If youre befuddled, you have come to the right place. How does the stock end up going higher in the wake of a seemingly ugly quarter, its all about my buddy, pal, friend nabaf. Let me show you how it works we start with the railroads. The railroads are the best example. All aboard this Morning Union pacific reported by what even by its own admission was a disappointing quarter. [ crying ] their sales were weaker across every single cargo line. Unreasonable downtown 20 . Premium, that includes the position down 9 , ag off 1 . Industrial down 1 the cause of this weakness some cargos have been troubled for a long time, like coal but most of them are just plain econo
Today. The single most important piece of information that they release. The dow gained 29 points and the nasdaq fell. The market is down right shocking the bank stocks have been rallying for days since the economy is red hot hot enough that the fed might have to raise rates repeatedly the hope of fast paced rate hikes have been driving the financials higher and i have told you that the financials are the most important leaders of the sector out there not tech, not health care. Not even industrials but the fibs as we call them is to help the Banking System with a big job loss in retail, no doubt thanks to amazon and online brethren the industrials and the transports caught fire the former because maybe the fed wants to strangle the rapid rate hikes but a lot of the transports are connected to the ecommerce throw in the big pushes from the Analyst Community from amazon and apple, two of the market generals and you get new winners all plumped up to feed the beast. So can the beast contin