Beleaguered banks, commodities on the come up, golf, the usual…
And it’s only Monday.
This debate is obviously crucial for the market going forward. Everyone is acutely aware of how important it is for tech high-fliers to avoid an Icarus moment until we finally see the fabled “rotation” back into value or, more simply, until another sector proves it’s capable of taking the baton in this aging bull market.
And remember, when Trump starts tweeting about Amazon again, it has nothing to do with the Washington Post, ok?
“I’m cautiously optimistic that we will be able to work this out. But”…
If this were a reality TV show, the ratings would indeed be “tremendous”.
Tuesday was another day that had a distinctly circus-like character to it…
“It was dangerous to see the rollover and going negative. If they had gone seriously negative, it could have doomed the week.”
Tweet risk. Again. And again.
So if you’re an Amazon shareholder or really, if you’re long stocks in general, just consider what’s going on here.
In essence, the same things everyone was watching last week (e.g. tech, trade, Trump) will be in focus again…
Who knows! That’s the fun of it, right?
You’ve got to love how he starts that – “while we are on the subject.” He’s going to pretend like you brought this up on Saturday morning.