Mortgage Applications -- Another Record; Dicks With Huge Record, Huge Surprise -- August, 26, 2020

Housing mortgages:

• Pent-up demand.
• Up 33% year-over-year. 
• "So much demand," CNBC. Will continue through the autumn. 

Dick's Sporting: huge earnings report -- amazing:

• e-commerce: up 194%
• $3.21 vs $1.20 forecast
• $2.71 billion vs $2.46 billion forecast
• record-after-record set
• pre-market: shares surge over 10%; up almost $5; trading over $51;
• P/E: 42 (compare to AAPL P/E of 37)

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

Bicycles still hard to find. Reported and stressed by CNBC. That has been my personal experience, also, in north Texas. 

Laura:

• downgraded from "4" to "3" -- from 130 mph to 120 mph; will be catastrophic;
• upwards of 12" of rain
• moving NW at 15 mph
• first "major" hurricane of the season
• appears that north and east of Texas will be hit worse than Texas itself
• landfall: just east of Houston, and west to Lake Charles
• an overnight threat

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Market

Futures:

• S&P: another record; 
• NASDAQ: up 42 points
  
• AAPL: will make back all its losses from yesterday;
• IMUX: ditto
• UNP: not trading yet
• JNJ: flat to slightly negative
• TSLA: $2,055; P/E of 1,050 (compare with AAPL: 37)
• AMZN: up $11
• BRK-B: continues to melt up
  

CNBC: talking the market down; says "correction" is "just a matter of time."