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July 16, 2024
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cos...
July 16, 2024
Season just step away from the roulette wheel because if you try to trade around the quarterly reports, you are going to get singed, if not burned after a record day, where the dow gained 27 points hallelujah s p climbed 2 , nasdaq inched up 0. 17 . That was easy earnings season is devastating for traders. No if you want to invest in a stock before reports and buy things if the stock gets hit thats another thing but trading no thanks. I didnt always feel this way. My Old Hedge Fund i used to pla...
June 30, 2024
The dow crossed 24 how for the first time yesterday, but for the month the dow was up 3. 83 the s p up 2. 1 and the knanasdaq up 2. 17 . Telecoms led the way for the month. Check out the u. S. Futures those gains yesterday were something to see the dow Jones Crossing 24,000 for the first time the s p 500 was up by 0. 8 yesterday. All of these things we have been watching closely you are seeing a pull back this morning. Maybe related to what were seeing in europe the declines there are more signi...
June 28, 2024
The hang seng market was up and so was the shanghai. The dax was up by 1. 4 . The cac up by 0. 9 . The ftse up by a quarter percentage point. If you check out crude oil prices, youll see crude oil is under significant pressure once again today. Down 1. 38. Down below 47 a barrel. 46. 98 is where the july contract for crude is trading now. Lets get you through todays agenda about the labor market. May jobs report out at 8 30 a. M. Eastern time. Nonfarm payrolls forecast to ride by 184,000. Thats ...
June 27, 2024
Here is what is so difficult to fathom about this market. Everything weve learned in the last decade is worthless. Every relationship, every alga rhythm, none of it works anymore. Not only that, even the old paradigms from previous decades are worthless. With stood the test of time of going gonzo and were baffled, especially on bullish days like today where the dow gained 92 and nasdaq 3. 2 . Its almost as if we have a whole new environment that doesnt jive with the reality of the old days and t...
June 25, 2024
Okay, thank you. Sorry mr. Rosenfield i can briefly describe these different pieces of legislation. Item number 10, theres a current administrative code allowance allows departments to establish prequalified pools of contractors to draw upon for different professional and General Services. The current duration on those pools is two years. Often times will take it upon six monthsi might even to create apple. So we proposed here were gritty city administrator in the city purchaser, is an allowance...
June 25, 2024
Woman. [applause] so thank you for joining us today and for committing to working across issues and sectors to advance gender equity. The success oof bay area women is critical for the success oaf bay area families and economy because when women succeed it is good for avenue wn. Good for women, families, communities and good for business. Thank you so much. [applause] shes a ceo, a author, a princeton dean, professor of Foreign Policy expert, a mother. These are just some of the roles 2459 annem...
June 25, 2024
[reading code] thank you. That is Treasure Island. I think the budget alleges that they must report on the budget correct it which is why callout and 40 it out afterwards. But since its all under your preview we want to do the right thing. I will start my presentation. Were you on the to hold off until you call please, go ahead sorry about that. Good afternoon supervisor naomi kelly city administered. Today im going over the Admin Services budget. You can see from the presentation that the organ...
June 24, 2024
Three day strike which had cut production by nearly half. In the meantime back in the United States data showed that stockpiles actually rose last week. Despite all you see oil prices down about 2 . The biggest intel earnings topping estimates. That is the good news, revenues were in line. The chip maker giving weak Current Quarter revenue guidance and as a result cutting its full year profit margin outlook. Shares under some pressure. But intel also announcementing it is going to be cutting 12,...
June 23, 2024
And how that will work its way into the week. Asia is a flying at the moment. Shanghai is at the front on the moment. The asian market is delivering, but what does that based on . We think it could be based on a lot of chat around the market. We could be saying further stimulus from beijing. It is interesting because you can compare and contrast that with what is going on in the west right now. You can see on the shanghai composite, a nice move this morning. We are up 3. 5 . Let me show you what...