The Woke Street Journal
Meanwhile…
‘All You Have To Do Is Vote’: Hillary Clinton Compares Trump To Hitler In ‘Vile’ D-Day Post-Daily Wire
If you believe Trump is the next Hitler then pretty much any action can be justified.
Market
Not a lot going on ahead of the jobs number this morning which ought to be important. Rates and semiconductors didn’t do much either. The past couple of days we have seen the bank of Canada and ECB cut rates, now all eyes turn to the Fed. Speaking of the Fed I talked to Barron’s yesterday about the “Fed Put” being back…
Its Risk-On in the Market. Traders Count on a ‘Fed Put.’-Barron’s
“You see every dip get bought, every piece off bad economic news or inflation news isn’t a big deal, etc. For now buy the dips because the Fed will have your back ,” Matthew Tuttle, chief executive of investment firm Tuttle Capital Management wrote to Barron’s.
We came into the year expecting 6 rate cuts, now there is speculation we could possibly get none. However, the huge difference between 2022 and now is that in 2022 the Fed’s next move was a hike, now we expect the next move is a cut.
Besides the jobs report, the news of the day will be GME.
Degens are part of the fuel for meme-stock mania, like the logic-defying action in GameStop shares in recent weeks. When these internet-fueled traders stick together, they have the potential to spark wild swings in assets. All it takes is for a meme to catch fire.
I have no problem with this. We live in a world where Congress blatantly trades on inside information, money managers talk up stocks they are selling, and probably many also trade on inside information.
Most interest area in the market to me right now is the AI infrastructure. NVDA is unstoppable, but the infrastructure stocks have been selling off. They went too far too fast, so this is to be expected. I have been, and will continue to buy the dips.
Law and order stocks are back on my radar screen for dips buys as well…
And Argentina
Gold miners seem to be selling off pretty hard today after a nice pop yesterday. Of course the media is always late. Gold Prices Are Sky-High. Will Gold Miners Follow?-Barron’s
Speaking of NVDA we saw Jensen sign a woman’s boob and then Cramer wore a leather jacket on Mad Money.
Now this…
I’m sure this is fine….
As is this…
ESG
“ESG Tourists” Exit Market Amid Swell in Anti-Greenwashing Regulation – WHEB Impact Report reveals-IFA
It says “ESG tourists – asset managers that stampeded into the sustainability market just a few years ago – are now packing their bags” as the depth and breadth of anti-greenwashing regulation bites. This ‘market shedding’ of fund providers who do not have the staying power of dedicated impact and sustainable investment houses should provide clarity for financial advisers, fund selectors, and end clients.
You should be struggling to try to produce the best returns for shareholders. We're Still Struggling to Define "Sustainable" and "ESG" in Securities Filings-JD Supra
Woke Companies
How Bob Iger, DEI, And Wokism Broke Disney's Trust With America-Zero Hedge
Disney is one of America’s wokest companies. It sees itself as being out in front on cultural and social issues, especially where Diversity, Equity, and Inclusion are concerned. This has been a huge issue in America’s—especially American parents’—loss of trust in the House of Mouse. You can’t watch this clip from Disney programming Vice President Latoya Raveneau bragging about how she pushed LGBTQ messages anywhere she could into Disney’s programming without parents seeing that agenda. Because of this agenda, Disney parks, Disney feature films, Disney animation, and especially the Disney Channel have lost trust with many parents.
Still a short, but expect it to try to find support around the $100 area..
Exclusive — Conservatives Aim to Expose Target’s Promotion of Wokeness Using Shareholder Activism-Breitbart
FEP files shareholders resolutions, engages corporate CEOs and board members, submits public comments, engages state and federal leaders, crafts legislation, files lawsuits, and conducts direct media campaigns to push woke corporations such as Target and Walt Disney Corp. to “respect their fiduciary obligations and to stay out of political and social engineering.”
Tried and failed to fill the gap. Watch for support at $140 and the 200 day.
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