Wednesday, September 11, 2019

"Recession Is Right Around The Corner" -- September 11, 2019

US equity market surges.
  • Dow up almost 230 points; closes above 27,000 (again).
  • S & P hits 3,000 (again).
  • Nasdaq extends above 8,150.
But, but, but ....
  • Bernie: resist!
  • Buttigieg: change course!
  • Beto: re-set!
  • Biden: what just happened? We need to get back to "normal."
One can't have it both ways:
  • rule of thumb: stock market "looks out" about six months
  • with the market surging as it is now, it's hard to buy into an argument "we" are facing a recession between now and March, 2019 -- though we will hear a lot about "October" is the worse month for the stock market
  • March, 2020. Eight months until the election. You really think Trump/GOP will let economy move into recession? Sure, it could happen.
  • Russia, Russia, Russia. Then, recession, recession, recession. Next: 
Futures, 8:38 p.m. CT, September 11, 2019: Dow up another 149 points. XLNX moving in pre-market.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or what you think you may have read here.

Gasoline demand weekly data pending.

US Supreme Court sides with President Trump. Only two dissents: RBG and Sotomayor.

Wow, what a day.

  • AAPL: up almost $7/share by the close; up another $1.30 after hours; after hours, trading at $225
  • EW: unchanged at $218
  • SRE: up 1% to $143, near 52-week high
  • OKE: at $74; within pennies of a 52-week high
  • T: an old stodgy widow's stock up 3% today 
  • AMGN: after surging this past week, drops back below $200
  • UNP: well off its 52-week high but showing strength

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