Market Commentary
Donald J. Trump @realDonaldTrump
Economy growing! Excluding hurricane effects, CEA estimates that real GDP growth would have been 3.9% in Q3.
Stock market at a new high, unemployment at a low. We are winning and TAX CUTS will shift our economy into high gear!
That revised 3Q 2017 GDP number really was amazing and the great news is this may be just the beginning. Businesses investment soared 7.3% as corporate profits (without inventory valuations) climbed 4.9% sequentially and 10.0% from a year ago. The Atlanta Fed is modeling for 3.3% for the current quarter.
Celestial vs. Terrestrial
I’ve been writing about signs of rotation with money trickling out of high flyer names into oversold stocks. Today, the dam burst and it’s an avalanche of rotation with folks dumping Amazon and buying names many assumed were retail carrion: Target and Macy’s.
The story is there will be more than one winner in retail. But, this really goes further. It’s all about those companies that operate in the ether, as celestial bodies are losing big to those on terra firma, and there is something refreshing about that.
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3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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