MOST of the financial media is either not reporting this at all or severely downplaying it. US, China reach 'framework' to implement trade deal, Lutnick says https://www.foxbusiness.com/politics/us-china-reach-framework-implement-trade-deal-lutnick-says "The U.S. and China have reached a "framework" to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. Trump then posted on Truth Social Wednesday that "our deal with China is done, subject to final approval with President Xi and me."" MY COMMENT NO COMMENT.....since each person will just have to think what they want on this. WELL.....OK.....I will say in general.....I believe that a China trade deal is DONE. We will see more detail and clarity over the next week or two.
PLEASE.....PLEASE.....just STFU. PMorgan’s Jamie Dimon warns U.S. economy could soon ‘deteriorate’ https://www.cnbc.com/2025/06/11/jpmorgans-jamie-dimon-warns-us-economy-could-soon-deteriorate.html "Dimon, who has been CEO of JPMorgan since 2006, has a history of sharing cautious or negative outlooks on the economy. His comments on Tuesday were not unusually pessimistic." MY COMMENT DUH.....ya think? I saw an article just YESTERDAY about how DIMON was more positive about the economy. I nearly posted it...of course.....you cant find it today.
Judging by the ticker....I believe I probably have a gain so far today. PLTR, NVDA, MSFT and GOOGL....are my GREEN stocks at this moment. I do believe that the markets and what I own will continue to get stronger and improve over the day today. BUT...if I am wrong.....oh well. NOT surprisingly COST has just dipped below $1000. MANAGEMENT STUPIDITY.......investors are not going to pay $1000 or more for a RETAIL stock. I believe it is stuck in a trading range. SPLIT THE STOCK. Of course....this is STILL an ICONIC well run company that I LOVE to own and have for a very long time.
PLTR continues to be ON FIRE today. UP by $5......+3.78%....right now. The stock iS within about......$1......of an ALL TIME HIGH. BUMMER for all the so called "professionals" that dont like the stock. In the end....it IS a "MARKET".....and.....it is the market that determines the winners and losers. At least over the LONG TERM.
Actually today is yet another MILD day in the markets with little real news. NOTHING shocking or unexpected going on. Just another NORMAL day in the neighborhood.
I am looking OK so far. A MILD gain. I am off to the studio.....GET ME SOME MONEY TODAY.......PLEASE.
No money for me today.......I had a medium loss today. I only had two GREEN stocks....PLTR and MSFT. I should be thankful for the two. In spite of at least TWO positive story-lines today....trade and the CPI...the markets just did not care. I also got beat by the Sp500 by 0.45%.
Are you old enough to remember when everyone did not have a computer? is your memory accurate? Just about ALL the early internet development and growth occurred between about 1990 and 1995. I remember we got out first dial up internet computer...... in about 1994/1995. Using it was extremely....insanely.....frustrating with the dial up and constant work that you had to do to keep it operating properly. My kids that were born in the early to mid 1980's basically grew up with NO computer....until their pre-teen and early teen years. A history of the Internet, part 2: The high-tech gold rush begins The Web Era arrives, the browser wars flare, and a bubble bursts. https://arstechnica.com/gadgets/202...ternet-part-2-the-high-tech-gold-rush-begins/
YES....WRONG AGAIN.....as usual. Stock investors once again have to sit and be bombarded with months of BS opinion....which impairs and distorts the markets.....as the "experts"....the FED.....and others fear-monger and spin the impact of Tariffs. ALL this doom and gloom,,,,,which has been going on for the past 3 months minimum....is going to turn out to be....GASP......NOTHING. But the damage it does to the markets is done and can not be undone. We are now in an environment of constant, 24/7.....drip, drip, drip, drip, drip,.......of negativity and made up BS impacting earnings and the markets. US producer prices rise modest 2.6% in May with inflationary pressures still mild https://finance.yahoo.com/news/us-producer-prices-rise-modest-124234761.html (BOLD is my opinion OR what I consider important content) "WASHINGTON (AP) — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers — rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping 0.2% the month before. Excluding volatile food and energy prices, wholesale costs were up 0.1% from April and 3% from May 2024. The readings were slightly lower than economists had forecast. The report came out a day after the Labor Department said that consumer prices rose a modest 0.1% last month from April and 2.4% from a year earlier. Since returning to the office, Trump has rolled out 10% tariffs on nearly every country in the world as well as specific levies on steel, aluminum and autos. Importers in the United States pay the taxes and pass them along to consumers via higher prices when they can. For that reason, economists expect inflation to pick up later this year. So far, his tariffs don’t seem to have had much of an impact on prices overall. Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components, notably health care and financial services, flow into the Federal Reserve’s preferred inflation gauge — the personal consumption expenditures, or PCE, index. Inflation began to flare up for the first time in decades in 2021, as the economy roared back with unexpected strength from COVID-19 lockdowns. That prompted the Fed to raise its benchmark interest rate 11 times in 2022 and 2023. The higher borrowing costs helped bring inflation down from the peaks it reached in 2022, and last year the Fed felt comfortable enough with the progress to cut rates three times. But it has turned cautious this year while it waits to see the inflationary impact of Trump’s trade policies. The central bank is expected to leave rates unchanged at its meeting next Tuesday and Wednesday. MY COMMENT The financial media....not to mention the regular media....is siting MUTE as their months of BS about inflation happens to NOT be true. You can just feel their frustration that it is all turning out to simply be nothing more than......opinion....not fact based or even historical evidence based reporting. I should not even use the word....."reporting"....since it is no such thing. It is just blatant OPINION......and very uneducated opinion at that. AND......we are at the point where this "CRAP" is so ubiquitous and common that no one even notices or cares anymore. There are actually "some" of us that remember when the media had standards and reporting required some semblance of FACT. They call it PROGRESS....well ok. As the Baby Boom generation continues to die off....there will soon be no one alive that has any memory or knowledge of FACT based reporting and REAL journalism.
AMAZINGLY.....one site I use....CNBC.com....STILL has nothing about the PPI on their main financial site. This is at 31 minutes after the PPI release. I guess they were not prepared for....REALITY. I find it SHOCKING that a major financial site does not have a PEEP about the PPI.......31 minutes after release...in the modern world of internet communication and media. Another site I use....Yahoo Finance....is also basically MUTE...although they do cite a single little Associated Press story....(see above)....a ways down their opening page. AMAZING....since the PPI is the major story of the day for the markets.....in a no news week with virtually NOTHING else going on. WELL....except for the....."probable".... trade deal with China....which is also being severely down-played.
Finally a bit more shows up on YAHOO.....CNBC....continues to be MUTE.....after 42 minutes. US producer prices rebound less than expected in May https://finance.yahoo.com/news/us-producer-prices-rebound-less-130741323.html
HERE is the emphasis on CNBC today: Stock futures fall as Trump threatens unilateral tariffs Their lead article on their main financial home page. Personally I dont want any financial news site to sugar-coat anything. AND......this "stuff"......is CRAZY. AMAZING.....FIFTY MINUTES.....since the PPI release and not a single article.
To continue with PPI: Traders boost bets on Fed rate cuts after PPI, jobless claims data https://finance.yahoo.com/news/traders-boost-bets-fed-rate-131120495.html "Futures that settle to the Federal Reserve's policy rate reflected rising bets that the U.S. central bank will deliver a pair of back-to-back interest rate cuts starting in September, after government data on Thursday showed US weekly jobless claims were steady at elevated levels. A separate government report showed producer prices rose 2.6% in May from a year earlier, in line with economists' expectations. Before the reports, rate-futures prices had reflected bets the Fed would deliver a first rate cut in September to be followed by one in December." MY COMMENT I STILL think at the moment we will be lucky to get a SINGLE rate cut this year. AND....I would definately NOT be surprised if we dont get any. It will be interesting to see what happens over the next six months. It will be a....potentially......very telling.... view of the operations and possible BIAS of the FED. Of course I live in the REAL world....I am not under ANY illusion that the FED or any other agency or economic group operates free of BIAS......or in some cases....dishonesty. Add in epic levels of INCOMPETENCE and....BINGO.....the modern investing environment. WE simply ENDURE....since there is nothing else we can do as investors.
LOL.....I love it. ONE HOUR....post-release.....and not a single article about PPI or the jobs report on CNBC.com. I do like that site.....but this is ridiculous.
Here is the first report I see on any of the sites that I read on the jobs report. Continuing jobless claims reach highest level since November 2021, initial claims hover at 8-month high https://finance.yahoo.com/news/cont...l-claims-hover-at-8-month-high-131116759.html I will leave it to you to read or not read this little article. I really dont care about weekly jobs claims for unemployment.....as an investor. The FED should care.....but I dont.
WELL...the markets are open and all the big averages are RED. Of course the open does not mean much. it will probably be another mild day....as stocks just float along. At least the Ten year treasury is "only" at.....4.369%. If yesterday is our model for today.....we will end with mild losses.
I am so obsessive.....cnbc.com....is STILL peep-less regarding the PPI...Not a single article......after ONE HOUR....ELEVEN MINUTES. I have to say they are usually very early to post on any financial topic. I am very surprised that they are so slow on this release. I do like the site since I believe most of their content is much more factual than many other sites. Oh well....everyone screws up once in a while.
More good news for NVDA....I have to say I totally agree. I see the dirver-less cars nearly every day. AND TSLA is soon going to start their service here in Austin. Nvidia CEO says this is the decade of robotics and autonomous vehicles https://www.cnbc.com/2025/06/12/nvi...cade-of-robotics-and-autonomous-vehicles.html "Key Points “This is going to be the decade of AV [autonomous vehicles], robotics, autonomous machines,” Nvidia CEO Jensen Huang told CNBC Thursday. Self-driving cars are being spotted more frequently in the U.S. and China — although Europe is yet to see significant adoption. Nvidia sells both hardware and software solutions for self-driving" MY COMMENT We are entering the era of self-driving cars and robotics everywhere. The profit potential is ENORMOUS once this ramps up over the next 10-20 years. Especially the....robotics and autonomous machines. This will significantly....change the world.
Looking at the ticker......GEE.....am I the only person left that still does that.....I see that most of my stocks are following the path of the last few days. Very MILD losses and gains. Basically a directionless day with NOTHING much going on. The markets are consolidating and taking a break. OK...everyone deserves a vacation once in a while even the markets.
Poor BOEING..... Boeing stock plummets after deadly Air India plane crash https://finance.yahoo.com/news/boei...r-deadly-air-india-plane-crash-124203497.html They are a big drag on the DOW today. I would be very surprised if this was an issue with the aircraft. What I am seeing from trained pilots who watched the video of this event contains much speculation of pilot error. BUT.....it is way too early to know why this happened. Regardless....another hit for BA.
