Locator: 47044ECONOMY.
The trifecta:
- JPow’s incredibly dovish and clear comments earlier this week
- AAPL’s results; market reaction
- jobs report this morning
Perfect day for tax-loss harvesting.
Great day to check top ten components in Invesco’s QQQ. I’ve never discussed this before on the blog; maybe time to share my thoughts.
Sell in May, go away? A July cut looks very possible. Maybe not likely but certainly on the table.
If the jobs report one month from now (the May data) gives JPow comfort, look for a rate cut in July.
Other trifectas.
Apple trifecta:
- services earnings hits record
- China’s iPhone sales not as bad as feared
- massive, record-setting buyback
By the way: Apple’s buybacks are not new, simply part of their business. Six years ago Apple announced a $100-billion buyback and the company had a market cap of under a trillion dollars. Now a similar buyback and folks think the buyback is massive. Hellooo? This is now a three-trillion-dollar market cap company. The buyback was trivial in the big scheme of things.
110 billion / 3 trillion = 3.7%.
Is Apple a bank that happens to sell smart phones?
Big Tech buybacks are huge; not just AAPL. Another buyback trifecta:
- GOOG
- META
- MSFT
And, finally, this trifecta:
- Cinco de Mayo
- The Kentucky Derby
- first summer weekend for many colleges
*******************************
The Book Page
A History of the Jew in America, Howard M. Sacher, c. 1993.
I picked up this book at a discount / used book store in Nashville many months ago. I started reading it some time ago, and then moved on to something else.
Am starting over. It's simply an incredible book. A must-read for a college-bound student majoring in geopolitics.
I post my notes on this book at this blog.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.