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US equity futures: right now, it looks like we could have another record-setting day:
- WTI: up very slightly
- S &P 500 futures: up about 6 points, about 21 points above 3,000
- Dow: up almost 60 points, about 368 points above 27,000
- NASDAQ: up 17 points; within 23 points of hitting 8,000
- NOG (surprising; usually these little guys don't trade this early): up 1%
- CVX: green but flat
- COP: ditto
- OXY: climbing the wall of worry; up 1/4%
- XLNX: almost a percent
- TSLA: up over 1%
- F: down about 1/3%
Which reminds me, the China-US tariff tiff --
- when did you last see an article on how expensive stuff is getting because of the China-US tariff war; you haven't; because it hasn't happened;
- generally speaking Deere's prospects can be directly correlated with how farmers are doing, or how analysts think farmers will do
- April 15, 2019: 170
- May 13 2019: 135
- July 15, 2019: 167
- behind the scenes, my hunch is that Trump-Xi are making a lot of US agricultural deals
- corn prices are going to come in really high later this year
- if I recall correctly, Trump administration blinked on biofuel quotas (but don't quote me on that)
- and, headline over at Yahoo!Finance: China's economy grows at slowest pace since 1990s (this could spur China to get serious about negotiating with Trump
- T: up a bit
There was a headline, by the way, that earnings were really going to suck this quarter, but, it was the time to buy --
Yes, the market looks about six months out on slow news days.
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