Be in the know. 12 key reads for Friday…

  1. 3M Stock Crashed After Earnings, but One Director Just Bought Shares (Barron’s)
  2. “All I’m Thinking Is, ‘I’m Going to Die'”: Howard Stern Reveals Cancer Scare, Trump Regrets and Details of a Dishy New Book (Hollywood Reporter)
  3. Prescription Opioid Use Plummeted Most on Record Last Year ()
  4. US tariffs on China jump as deadline passes, China immediately says it will retaliate (CNBC)
  5. Fox unveils ‘insanely simple’ business model at Investor Day (New York Post)
  6. Horseman Capital’s Russell Clark has been bearish for more than seven years. And if he’s wrong? “This could be my farewell interview,” he says. (Bloomberg)
  7. Occidental Petroleum Emerges With the Prize in a Takeover Fight (New York Times)
  8. An increasing number of economists think a rate cut is coming (Business Insider)
  9. SEC Moves to Ease Audits for Smaller Companies (Wall Street Journal)
  10. Tiger Woods Has Become His Own Greatest Coach (Wall Street Journal)
  11. Hedge Funds No Longer Stars of Their Flashiest Conference (Wall Street Journal)
  12. Fed wants to target interest rates on longer term securities in next downturn (after short-rates hit zero): (Federal Reserve)

 

Be in the know. 8 key reads for Thursday…

  1. Trump: China ‘broke the deal’ in trade talks (CNBC)
  2. Showtime’s 4-part Wu-Tang Clan documentary is so epic RZA calls it the ‘bible’ of the band (Business Insider)
  3. China Threatens Trump With Countermeasures Over Trade (Forbes)
  4. Taylor Swift’s ‘Me!’: Five Major Chart Achievements The Song Managed This Week (Forbes)
  5. US weekly jobless claims fall less than expected (CNBC)
  6. Is Charlize Theron Getting Her Own Fast & Furious Spin-Off? (MovieWeb)
  7. Trump’s tweet about Workhorse sent its stock soaring on news the electric-truck company is in talks to buy a GM assembly plant in Ohio (Business Insider)
  8. Facebook co-founder says Zuckerberg ‘not accountable,’ calls for government break up (NBC)

 

 

AAII Sentiment Survey Results: Back at Extreme. What’s next?

If you had asked me last night where the AAII sentiment Survey results would come in this morning I would have said, “35-37% bullish percent.”  Instead we got an extreme read to 43.12%.  Bearishness is still near historic lows at 23.19%.  This is not the type of read bulls want to see. Continue reading “AAII Sentiment Survey Results: Back at Extreme. What’s next?”