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Morning Commentary

Rocket Man & Rocket Market

By Charles Payne, CEO & Principal Analyst
6/7/2021 9:39 AM

Question of the Week

Much of where the economy goes from here depends on how much the nation gets back to feeling normal. A significant number of folks are saying they do not feel their life is back to normal. According to Gallup, 34% of folks say they are not there yet. Thinking about your life before the start of coronavirus, would you say your life right now is:
Completely back to normal
Somewhat back to normal, but not completely
Not yet back to normal

This is Ground Control to Major Tom

You've really made the grade

And the papers want to know whose shirts you wear

Now it's time to leave the capsule if you dare

"This is Major Tom to Ground Control

I'm stepping through the door

And I'm floating in a most peculiar way

And the stars look very different today

For here

Am I sitting in a tin can

Far above the world

Planet Earth is blue

And there's nothing I can do

Space Oddity

David Bowie

Jeff Bezos and his brother are going to join the winning bidder for the inaugural Blue Origin flight on New Shepard.

Growth is Back…We Think LOL

Some are saying the Bezos news could pressure that stock, but the overall consensus is shifting back to growth regaining its swagger after a strong Friday session.

Today’s Session

Bond yields are still lower, which is a great sign for the market, especially for growth names.

 

West Texas Intermediate is surging, and now, there are reports of big buying in the $100 options.

Portfolio Approach

We closed in a legacy position this morning in our Hotline Model Portfolio.

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Comments
Ah, Monday morning! It's good to start the week with Charles and WStreet.com. We all need to keep on keeping on! That will get us back to where we belong.

Lorin K on 6/7/2021 10:23:12 AM
 

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