Yesserie! Making a little back from my wrong JNUG call last night. As long as Trump continues to tweet the meeting is happening the risk is off in the market.
CYBR has a 34.6% growth rate. It beat those estimates by 36.6% this morning, and guided up. On today's uber green day, it is red. I mean, it was even inhabiting the $130 level all last week.
I guess good news for the bulls is that they know Trump is watching this market closely and he wants the market to go up
I think CYBR's failure was a clue to more pervasive market weakness, that did not manifest itself widely today. The biotechs are breaking down (XBI closes below 82.43, IBB closes below 102.82).
Could have been that it was a lot of profit taking in a bearish market the last few weeks since it was bouncing off clear resistance. Much bigger drop than I would have expected from simple profit-taking on a massive green day though.
China’s retail sales growth slumps to 16-year low as trade war risks rise https://www.cnbc.com/2019/05/15/chi...s-to-16-year-low-as-trade-war-risks-rise.html
Wednesday Earnings: Cisco, Macy's, Alibaba, Tencent, ZTO Express, Embraer 8:30 a.m. Retail sales 8:30 a.m. Empire state survey 9:15 a.m. Industrial production 10:00 a.m. Business inventories 10:00 a.m. NAHB survey 1:00 p.m. Richmond Fed President Tom Barkin 4:00 p.m. TIC data
Looks like economic data were lousy this morning but market bounced after this news came out https://www.cnbc.com/2019/05/15/trump-administration-to-delay-auto-tariffs-amid-trade-war.html Trump administration to delay auto tariffs by up to six months: Sources
