The Morning Call
8/16/24
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/stocks-soar-bonds-battered-fake-data-vix-plunges-record-pace
Note: it seems
like a waste of time to just point out that yesterday’s pin action leaves me
confused. The S&P staged a major gap up open pushing up through the
downtrend off its all-time high while still not making a new higher high. The
momentum clearly says up; that gap up open says not so fast. One can read the
day’s economic data positively, negatively or both, depending on one’s forecast.
And in the back of my mind, I keep hearing ‘sell the first rate cut’---the
timing for which appears to be drawing ever closer. While I have several candidates
for purchase (MKTX, POOL, HSY, add to NKE and UPS), I can’t pull the trigger.
Fundamental
Headlines
The
Economy
US
International
Other
Fiscal
Policy
Price controls---just what we need.
News on Stocks in Our Portfolios
What
I am reading today
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