More and more polls point to an American public that disagrees with the polices and priorities of the White House and more and more people are asking why President Obama has such a tin ear.  Surely, he must know have the public feels.  The answer to his indifference or arrogance is typically written off as being surrounded by sycophants.  But, a new survey from Pew Research Center points to a different answer.

His core constituency is winning.

The majority of democrats with post graduate and college degrees feel like their side is winning on political issues that matter to them.

This underscores the notion this country has become a great place for only a handful of folks- those elitists that summer in the Hamptons and rail against American military might not understand –and certainly do not appreciate- that they get to run their toes in the sand and drink fancy drinks on the beach  because so many of their non-elite countrymen and women shed blood to keep them safe.

The bottom line is that this is a country that isn’t living up to its potential nor matching its historic determination of greatness.  A more perfect union means we don’t put it in park and don’t dwell on the injustices of the past and try to re-litigate them.  There will always be political differences in this nation which means from time to time there will be large swathes of the population that are pleased and feel like they’re winning and there will be those that feel like they’re losing.  These days just about everyone feels like their side is losing- by an overwhelming margin.

They say that an effective president will have everyone feeling upset from time to time…but I don’t think this is that they had in mind.

Today’s Session

China’s market is getting hammered on string of banking news - none of it good - as that nation grapples with underground banking and above ground risk that could wreck the entire economy.

Shanghai

The pounding in China is not impacting our market this morning but there seems to be a tryptophan hangover.  Early reports are positive for retailers as in-store and online sales are robust.

Keep an eye out for nice moves in Target (TGT) (subscribers should be long already) and Fitbit (FIT) as well as momentum leaders in retail including Amazon (AMZN).

I am not forcing the issue on this half day of trading. Hope you had a great Thanksgiving and have a wonderful weekend.