Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000
I must look a mess I must admit
But I have been traveling quite a bit
South of the Border
Where the law and order
Is kept by Federales, who just grin
Jimmy Buffett, Tampico Trauma
We’re starting Monday with our first push on the Dow Jones at the 40,000 level. Historically, a major milestone has drawn more capital off the sideline. Combine this with seasonality, and we’re in strong momentum from the April lull. This can and should last until the June Fed meeting. All sectors are positive.
What to Do Today: The July (Third Friday) $57.50-$60 credit spread for Occidental Petroleum (OXY) looks interesting. It is always a good time to trade these spreads when a stock has pushed toward oversold levels.
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Dear Fellow Expat:
Zerohedge dropped a Macho Man Randy Savage elbow on this inflation situation.
The cumulative effect of persistent inflation is devastating. Since President Biden took office in 2021 the CPI i…
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