Again, be sure to see this post. I hope to be able to come back to it to add my two cents worth.
The debates: last night. I didn't watch. Haven't listened to reviews. I can't "not see" the Drudge teasers but that's all I know ... except that at least one person on the stage is a real crackpot -- which just goes to show that American remains a land of huge opportunity.
Michelle: a non sequitur; but the previous note made me think of Michelle. I am still betting on diva ex machina at the DNC convention.
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Three Big Stories Today
The Fed.
EAI weekly crude oil data: link here.
The market.
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The Market
It would be interesting to see how Jim Cramer spins his story today. He led the charge -- at least as far as I could tell from snippets on the internet, not on television -- that:
2Q19 earnings would be ugly
time to get out of AAPL (and then he change to "better than expected" just before numbers released)
That's my take; I'm sure everyone has their own opinion on this one.
But for the millennial non-investors: all three major indices are "up" today -- misspoke -- just checked -- S&P 500 just went red, but essentially flat right now.
- Dow: up 30 points
- NASDAQ: up 18 points
- AAPL: up around 4.5%; up around $10/share
- AMGN: up around 3.7%; up around $6.50/share
- QCOM: up slightly
- D: down
- SRE: flat
- MDU: up
- UNP: down a dime
- XLNX: down 3.5%; bummer
- EW: down, but essentially flat
- CVX: down, but essentially flat, somewhat of a surprise
- COP: ditto
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