Postcards: The Market's Most Underrated Metric

The road up to Orlando is a sun-kissed stretch of beauty... but it's fading to the ongoing changes in demographics and taking Florida's orange trade with it. Things change, but great companies thrive.

Post-market, Alphabet (GOOG) took a hit on weaker cloud numbers, while Microsoft (MSFT) filled the gap with stronger cloud growth. Consumer defensive stocks rebounded today - while utility stocks are starting to awaken.

Dear Fellow Expat:

There are two primary routes from Southwestern Florida to Orlando.

The first is the long asphalt stretch of Interstate 75 to the immense traffic jams that blister Interstate 4 from Tampa to DisneyWorld.

Option two is a sun-kissed drive through the heart of Central Florida's citrus groves.

The three-hour trip takes you along winding roads through quaint towns like LaBelle and Lake Placid. These are places that time has forgotten - where locals refer to that intersection where the grocery store Publix meets the T-Mobile store as “downtown.”