Personally I dont buy any of this reasoning. I severely doubt that anything to do with tariffs was involved in the market FADE mid-day. I consider that basically media.....BS. Stock market gives up gain as morning rally fizzles out https://www.cnbc.com/2025/08/06/stock-market-today-live-updates.html I also very much doubt that any retail investors are selling anything. This is all the TRADERS, SPECULATORS, and AI TRADING SYSTEMS at work......churning out their "attempted" second by second, minute by minute, profits. Classic HERD BEHAVIOR as Wall Street moves in unison and creates a little self-fulfilling prophesy. They think they are so smart......that they are trading the dropping market. In reality they are....CREATING....the dropping market. I have seen many, many, times....any time there is a big drop or a correction or a bear market.....it is the Wall Street crowd, the professionals....that react like MORONS.
I continue my non-investing life. Playing shows a few times a month and going into the studio multiple times a month. I am also actively doing my ART THING. I have a painting and a piece of sculpture that I am watching over the run-up to a national auction in about two weeks. I think I will have a good shot at the sculpture. The painting....I may have some real competition for it....and....I am not inclined to over-pay. It probably has a retail value of about $15,000. The most I might pay would be about $9000 to $10,000. It is a well collected artist right up my alley......and was painted in 1923. So i know the market for this artist very well. Unfortunately I think there is a dealer that is also looking to snatch up this painting and he will pay more than I will.
Well that was a wild ride the last few hours. We turned a red fade green. The markets hit bottom about two hours ago and than turned sharply up till the close. At the bottom my nine stocks were in the RED. By the close I had only three in the red....WMT, HD, and MSFT. I ended the day with a borderline big gain.....at least strong medium. I also beat the SP500 today by....0.83%. A good close to a wild and crazy day for me.
Here is the markets today in a nut-shell. Basically hit by profit taking.....probably triggered by the early highs. "The Dow Jones Industrial Average gave back gains and turned lower on Thursday as investors pocketed some of their profits in what’s been a solid week thus far. The 30-stock Dow fell 224 points, or 0.5%, bogged down by a 2% decline in Caterpillar shares on the heels of the construction and engineering equipment maker warning of the effects of tariffs on its business. The blue-chip index rose more than 300 points, or about 0.7%, at one point earlier in the day. The S&P 500 ended 0.08% lower after trading up 0.7% at its high of the day, while the Nasdaq Composite advanced 0.35%. The tech-heavy index had surged more than 1% at session highs" https://www.cnbc.com/2025/08/06/stock-market-today-live-updates.html MY COMMENT By the close the SP500 had fought it's way back to nearly flat....a loss of 0.08%. The NASDAQ ended with a nice gain......about +0.40%....but backed off from the earlier highs. HERE is more on the day: "S&P 500 earnings are currently on track to grow by 11% in the second quarter versus the same period a year ago, according to FactSet. That’s almost three times the 4% seen at the end of June, per Goldman Sachs." ......"Week to date, the S&P 500 has moved up 1.3%, and the Nasdaq has added 2.4%. The Dow has advanced almost 1%. Prior to Wednesday’s modest gains, the S&P 500 had notched five losing sessions over the past six trading days, and the Dow had had six negative days in the past seven." https://www.cnbc.com/2025/08/06/stock-market-today-live-updates.html MY COMMENT In fact the NASDAQ....closed at a new record. I will take the....happy ending....to the day. Whether you did well or were flat or had a loss is totally dependent on what you owned on a day like this. I happened to own the right stocks and did well.
Lets hope we have a little less CRAZY day tomorrow. How about a nice gain that just sits all day long till the close. I am glad I did not pay much attention to the markets today...the volatile and erratic short term today could drive you insane. MOVING ON....with new money in my pocket (account)....and a new all time high. YES.....I continue to be fully invested for the long term as usual.....RIDING THE WAVE.
Doing just fine over here in England. Summer will be coming to an end soon but we have had a really good one. Weeks and weeks of hot and sunny weather which is rare! Been away for few days on a little break in the south of England with family and friends. Just catching up on all the posts now. My account is doing very well! Hit another ATH yesterday which has slightly faded in the last few hours but we are still looking very good. Current portfolio: S&P 500 ETF NASDAQ ETF Amazon Apple Nvidia Palantir I know it's a high risk; I know it's tech heavy...but it is doing so well! I have been tempted to sell Amazon and Apple, and use that money to buy Costco and/or Home Depot. I'm undecided. I may make that move someday to reduce the high tech exposure. For now, I'm happy
LORI.....YES.....extremely high risk. You might want to consider adding COST and HD at some point and KEEPING......AMZN and AAPL.....just spreading your money around a little bit since you only own four stocks and that is extreme concentration. PLUS.....you triple up on your four stocks significantly in the NASDAQ and SP500 Funds. That is what I would do. Although this is not investment advice....you have to do what is best for...."YOU". After owning the high flyers that you own....COST and HD might seem tame.....since they will not fly upward like your current stocks do.
This is GREAT news. A perfect contrary indicator for the health and continuation of the BULL MARKET. NO EUPHORIA is a very good thing in a bull market. Bull-Bear Spread Tips Negative https://www.bespokepremium.com/interactive/posts/think-big-blog/bull-bear-spread-tips-negative (BOLD is my opinion OR what I consider important content) "The equity market's rally has hit a bit of a snag since late July, although the S&P 500 is far from having collapsed as it remains within a couple percentage points of record highs. Nonetheless, sentiment has taken a hit. Bullish sentiment according to the weekly AAII survey peaked in the first week of July at 45%. Since then, it has fallen in four of the five weeks with the latest print of 34.9% the lowest of that stretch. That is only the lowest reading since the week of June 18th when it fell to 33.2%. The drop in bulls corresponds with bearish sentiment picking up. Bearish sentiment has seen a more substantial increase, rising from 33% last week to 43.2% this week. That is now the highest reading for bears since the week of May 15, and the 10.2 percentage point leap week over week was the largest increase since the last week of February. As shown below, the spread between bulls and bears has dipped back into negative territory and is at its lowest level since mid-May. MY COMMENT PERFECT......I LOVE IT. We have to keep that old wall of worry in place and keep climbing.
Current news that will impact the course of the FED going forward.....butt I dont see much about this in the media. Trump to Nominate Stephen Miran to Fed Board. What to Know About His Policy Views. https://finance.yahoo.com/m/e438993...NjkhKeeD921JNsfT7Iwaj_I5aN1VhcSltGk41SkL6KN6I
The....very green....market today so far. Stocks tick higher as Wall Street looks to close out a winning week https://www.cnbc.com/2025/08/07/stock-market-today-live-updates.html (BOLD is my opinion OR what I consider important content) Stocks rose on Friday, putting the three major averages on pace to round out the week with gains. The Dow Jones Industrial Average gained 230 points, or 0.5%, while the S&P 500 moved higher by 0.7%. The Nasdaq Composite also jumped 0.7%, a move that places the index on track for another record closing high. The major averages are currently heading for a winning week, with the 30-stock Dow at a 1.4% week-to-date advance and the broad market S&P 500 up 2.3% in the period. The tech-heavy Nasdaq is poised for a 3.6% climb on the week. Gold prices, which were already rising this week on hopes of a Federal Reserve interest rate cut, soared to record highs Friday on a Financial Times report of a possible levy on imported gold bullion bars. That also lifted shares of gold mining stock, with the Vaneck Gold Miners ETF (GDX) up 1% to a 52-week high. The moves come after the Dow, along with the S&P 500, closed in the red on Thursday, while the Nasdaq outperformed, closing at a record. The blue-chip index saw some sharp swings during the day, up 305 points at its high and down nearly 394 points at its low. President Donald Trump's "reciprocal" tariffs took effect at midnight on Thursday, with some of the steepest duties including Syria's 41% and Laos' and Myanmar's 40% rate. Stocks initially rose Thursday morning after Trump announced a day earlier that his 100% tariff on imported semiconductor chips would not affect companies that are "building in the United States." Going forward, the main area of focus for investors continues to be watching Trump's trade policies play out, said Thomas Martin, senior portfolio manager at Globalt Investments. "There's less turbulence with tariffs, but there's still plenty of turbulence. There's still plenty of questions out there as to how they're going to affect companies' decision making, supply chains, costs, margins, pricing, how it's going to affect consumers and whatnot," Martin told CNBC. "So I think there's still a lot of a lot of uncertainty associated with the tariffs. It's still the most important thing, at this point, that just has to be worked out." On Thursday afternoon, the president announced that he has selected Stephen Miran, chair of the Council of Economic Advisors, as his pick to replace Adriana Kugler on the Federal Reserve Board of Governors. Miran will serve out the rest of Kugler's term, which expires in January, following her resignation last Friday." MY COMMENT About the only turmoil from tariffs are caused by the total focus of the media to fear-monger the issue. We have seen very well for many weeks that investors simply....dont care. The markets are BOOMING. the media just can not let go of the tariff story-line. BUT....that is fine with me....it is a market distraction...that like the content above....continues the WALL OF WORRY.
It is a BEAUTIFUL open and market for me right now. A single stock in the RED.....AMZN. Of course we will hit various FADE points as the day progresses. So the current results just one hour into the market.....is totally meaningless.
GENIUS at work. I was doing some search on PLTR and the SP500. The AI summary told me: "Palantir (PLTR) is not currently a constituent of the S&P 500 index.Therefore, it does not have a weight in the index's holdings.The S&P 500 is comprised of 503 common stocks from 500 large-cap companies, and Palantir does not meet the criteria for inclusion, according to Wikipedia and Investopedia...." Whatever AI this is.....is as DUMB AS A POST. NO.....you cant trust anything from AI. I believe as of today it has now moved up to number 19 by market cap in the SP500. Between COSTCO and EXXON.
With an hour to go my stocks are higher than this morning. BUT......I have seen some drastic FADES in the last hour before. We are never safe till the final bell rings.
A HUGE week for investors and the big averages. I has a BIG GAIN in my nine stocks today. A single stock in the RED.....AMZN. I also beat the SP500 today by.....0.51%. BOOM.
The week that was: DOW year to date +4.21% DOW five days +1.03% SP500 year to date +8.88% SP500 five days +1.88% NASDAQ 100 year to date +12.61% NASDAQ 100 five days +2.75% NASDAQ year to date +11.25% NASDAQ five days +2.86% RUSSELL year to date (-0.61%) RUSSELL five days +1.88% For me......YES.....a huge week. I ended the week with my entire portfolio at year to date.......+20.50%. Last week at the close on Friday it was at.....+14.36%. That is quite a gain for only one week. the markets were aligned pretty nicely with what I own this week. MOVING ON.
REMEMBER....DONT FREAK OUT. I will be gone all next week.....five market days. ANYONE.....feel free to post anything you want. Otherwise....it will be a LONG TERM INVESTOR vacation for everyone on here. Whatever.....the markets will take care of us regardless of being on here or not. HAVE A GOOD WEEK EVERYONE AND......MAKE ME SOME MONEY.
The EPIC close to a MIGHTY week in the markets. Nasdaq hits fresh record, S&P 500, Dow rise as Wall Street closes winning week on high note https://finance.yahoo.com/news/live...NjkhKeeD921JNsfT7Iwaj_I5aN1VhcSltGk41SkL6KN6I (BOLD is my opinion OR what I consider important content) "US stocks closed out the week on a high note as Wall Street assessed President Trump's nomination of Stephen Miran to the Federal Reserve Board of Governors and took in his new regime of sweeping tariffs. The Dow Jones Industrial Average (^DJI) rose 0.5%, and the benchmark S&P 500 (^GSPC) gained 0.8%, just a stone's throw away from all-time highs. The tech-heavy Nasdaq Composite (^IXIC) climbed nearly 1% to set its second record close in a row. All three major averages posted gains for the week. Gold futures (GC=F) in New York retreated from record highs on Friday after the White House said it would soon issue an executive order "clarifying misinformation about the tariffing of gold bars" on the heels of reports indicating they were not exempt from tariffs on Swiss imports. Stocks were mixed on Thursday as Trump's deadline for countries to strike tariff deals expired, setting in motion higher duties on dozens of countries worldwide. The indexes trimmed earlier losses following Trump's nomination of Stephen Miran, current chairman of the Council of Economic Advisors, to serve on the Fed board. Miran's nomination must pass Senate approval, and it's unclear how long that might take with lawmakers on August recess. Trump's decision on Miran also underscored his search for the next Fed chair. He has talked up the "two Kevins" — current economic adviser Hassett and former Fed governor Warsh — and a report on Thursday said current governor Christopher Waller is seen as the favorite by Trump's team. Amid the jockeying, about 90% of bets are on the Fed cutting rates in September after last week’s disappointing labor data. Next Tuesday, investors will scour the monthly inflation report for clues on the central bank’s next policy move. MY COMMENT I love how the media makes up this....BS. There was basically NOTHING in the media today about Trumps FED pick. I dont think this had ANYTHING at all to do with the markets today. It is just a perfect example of the media making something up and ascribing it to the markets to explain a day. BUT.....happy days are here again....the NASDAQ closes at a new all time high.
have an absolutely wonderful and safe travels w! enjoy the time off you deserve it. you'll be greatly missed. see you back here in a week anyway, i'll try putting up some content here if time allows. though i can't guarantee it will be anything worthwhile. certainly nothing to the level of the incredible content that you post in here for us daily lol. to start things off here are next week's notable earnings releases courtesy of earnings whispers. as w would always tell us at week's end -- have a great weekend everyone!
Inflation in focus as Fed rate cut debate heats up: What to watch this week Stocks are back near record highs once more as Apple's $100 billion US investment lifted the tech trade higher. For the week, the S&P 500 (^GSPC) rose 2.5% while the Nasdaq Composite (^IXIC) ended with a fresh record close, rising nearly 4% across the five trading days. Meanwhile, the Dow Jones Industrial Average (^DJI) popped about 1.4%. With markets now pricing in several interest rate cuts from the Federal Reserve this year, Tuesday's Consumer Price Index (CPI) inflation reading will headline the week of economic news. Investors will also be closely tracking updates on wholesale inflation, retail sales, and consumer sentiment. On the corporate front, quarterly reports from S&P 500 companies will slow, with just eight expected to report. Quarterly updates from Cava (CAVA), Cisco (CSCO), and Deere & Company (DE) will headline the week of releases. A new Fed official A quiet week of economic data did little to change the recent shift in the economic narrative. Fears of a slowing labor marketare driving investors to bet the Federal Reserve will cut interest rates by at least a half a percentage point this year. And the nomination of Stephen Miran, current chair of the president's Council of Economic Advisers, to replace Federal Reserve governor Adriana Kugler is only fueling predictions that the central bank will be cutting interest rates soon. Fed officials had already been split on where interest policy should be, with Fed governors Chris Waller and Michelle Bowman dissenting on the central bank's recent decision to hold interest rates steady. Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments JPMorgan chief US economist Michael Feroli wrote in a note to clients that, should Miran be approved as a Federal Reserve Governor by the time of the September meeting, holding interest rates steady again could lead to at least three dissents from officials who believe the Fed should be cutting rates. "That’s a lot of dissents," Feroli wrote. "For Powell the risk management considerations at the next meeting may go beyond balancing employment and inflation risks, and we now see the path of least resistance is to pull forward the next 25bp cut to the September meeting." Price check An update on how tariffs are impacting inflation is expected on Tuesday with the release of the July CPI report. Wall Street economists expect headline inflation rose 2.8% annually in July, an increase from the 2.7% seen in June. On a "core" basis, which strips out food and energy prices, CPI is expected to have risen 3% over the last year in July, up from the 2.9% increase seen in June. Monthly core price increases are expected to clock in at 0.3%, above the 0.2% seen the month prior. UBS senior economist Alan Detmeister wrote in a note to clients that tariffs are driving the acceleration in inflation and July's data will bring the start of a several-month uptrend. Detmeister projects core CPI will move from 2.9% in June up to 3.5% by the end of the year. Retail reading On Friday morning, investors will get a fresh update on the state of consumer spending with the release of July retail sales. Economists expect headline retail sales rose 0.5% in July, down slightly from the 0.6% increase seen the month prior. But RBC senior US economist Michael Reid wrote in a note to clients that much of that increase is expected to come from auto sales. In the retail sales control group, a sub-sector that excludes several volatile categories like autos and feeds into the Gross Domestic Product (GDP) reading for the quarter, Reid projects sales rose just 0.1%. "We are anticipating an underwhelming print outside of auto sales," Reid wrote. Bitcoin or bread? Signs of a go-go stock market continue to rip higher. Recent research from Apollo chief economist Torsten Sløk points outthat Nvidia (NVDA) is trading at the highest multiple for the S&P 500's biggest stock since Microsoft (MSFT) in 1999. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) IPOs like Firefly Aerospace (FLY) continue to soar during trading debuts, and cryptocurrencies and crypto-linked stocks have caught a fresh bounce. Richard Bernstein Advisors CEO Richard Bernstein told Yahoo Finance there are usually two things that can bring a speculative surge in markets to an end: One is that the Fed is forced to hike interest rates as inflation pushes higher. This, Bernstein said, makes the cost of leverage both for investors and companies higher, limiting liquidity in markets. The other scenario is when the Fed cuts interest rates as the economy is slowing rapidly and appears headed toward recession. "When you get that combination, people stop speculating because they have to buy bread and groceries and things like that," Bernstein said. "They're not speculating on bitcoin. They need bread." To Bernstein, this puts the Fed's current quandary at the center of attention for investors wondering how much further the market can balloon higher. "What the markets have to look at very carefully here is the dilemma that the Fed is faced with," Bernstein wrote. "Are the employment numbers weak enough so the Fed can cut rates but not weak enough to cause a recession so people start shifting from bitcoin to bread? That's the dilemma that the Fed is in right now. " Weekly calendar Monday Economic data: Earnings: BigBear.AI (BBAI), Monday.com (MNDY), Oklo (OKLO), Plug Power (PLUG) Tuesday Economic data: NFIB Small Business Optimism, July (98.6 expected, 98.6 previously); Consumer Price Index, month-over-month, July (+0.2% expected, +0.3% previously); Core CPI, month-over-month, July (+0.3% expected, +0.2% previously); CPI, year-over-year, July (+2.8% expected, +2.7% previously); Core CPI, year-over-year, July (+3% expected, +2.9% previously); Real average hourly earnings, year-over-year, July (+1.1% previously) Earnings: Circle (CRCL), Pony AI (PONY), On Holding (ONON), CoreWeave (CRWV), Rigetti (RGTI), Cava (CAVA) Wednesday Economic data: MBA Mortgage Applications, week ending Aug. 8 (+3.1% previously) Earnings: Brinker International (EAT), Cisco (CSCO), Red Robin (RRGB) Thursday Economic data: Initial jobless claims, week ending Aug. 9 (226,000 previously); Retail sales, month-over-month, July (+0.5% expected, +0.6% previously); Producer Price Index, month-over-month, July (+0.2% expected, +0% previously); PPI, year-over-year, July (+2.5% expected, +2.3% previously) Earnings: JD.com (JD), Deere & Company (DE), Advanced Auto Parts (AAP), Birkenstock (BIRK), Applied Materials (AMAT), Nucor (NUE) Friday Economic data: Retail sales ex auto and gas, July (+0.3% expected, +0.6% previously); Import prices, month-over-month, July (0% expected, +0.1% previously); Export prices, month-over-month, July (0% expected, +0.5% previously); Industrial production, month-over-month, July (+0% expected, +0.3% previously); University of Michigan consumer sentiment, August preliminary (62.1 expected, 61.7 previously) Earnings: No notable earnings.
