The Disciplined Investor 
TDI Podcast: Hope and The Ostrich (#784)
Penguins are watching for the move, it only takes on central bank to see their error – others will follow. The last quarter – here we are into what is often favorable conditions… But then again, it is 2022. Strategy check: Ostrich or Hope? Time to reprogram. Looking for style diversification? More information on the […]
– Egotistical Narcissists as as the the Stupidity Police are not doing their job. Chinese living in ROTTING properties Some amazing technicals – historic in fact. WOW! The lowdown on Pumpkin Spice latte.. Big Business! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Egotistical Narcissists - The Stupidity Police are not doing their job - Chinese living in ROTTING properties - We have another FRAMEWORK - Sending Kamala to the DMZ line Market Update - B A D - Things are starting to break - Confidence lost as things are breaking (Currencies) ---- Fed needs to chill - and I have a few tings to say.. - China opening up Macau (Casino stocks fly) - Technical indicators!!!!!!!!!!!!!!!!!!!!!! NEXT WEEK - YOM KIPPUR - NO SHOW Rate Update - High grade money markets >2.4% - 2 year muni bond >2.5% 3.5% - 12 month treasury >4.3% - 10-year taps 4% today - 1 year CD > 3.5% JCD - FYI - DJIA @ 30,706 29,500 29,134!!!! Tropical Storm/Hurricane - Storm looks nasty - in the middle of some of the bans right now Technical as of Monday Morning (Charts) - Some very severe oversold conditions - KRI (-7) - only seen one time in recent history and that was 12/24/2019 when market bottomed - RSI all over sold - McClellan - LOW (-400) - Spearman LOW (-98) - 11 New 52 week highs -(most inverse ETFs) - VIX >30 - 447 SP500 below 200 DMA Boneheads - Huge tax cuts in the UK apparently decided on overnight and the approval of massive debt issuance. - Do we miss Boris Johnson Yet? - More things breaking The Cable More on Brit Pound - That currency move is NOT normal and should give a cold-water-slap-upside-the-head-punch-in-the-mouth wake-up call to Team Powell. - The moves that they are making and the hard line they are shaking is a bit over the top. - Unfortunately they have a much bigger regard for themselves than then should. - In fact, it appears that Team Powell is made up a gaggle of egocentric narcissists that need to come down off their collective perch's and take a look at what is really going on and why we are seeing historic moves in some financial markets. Sending Kamala - Vice President Kamala Harris will visit the Demilitarized Zone (DMZ) separating the Koreas on Thursday in a bid to show Washington's commitment to the South's security - The DMZ visit will underscore the strength of the alliance between Seoul and Washington "in the face of any threats posed" by North Korea - Does not seem like a show of strength FEELINGS ON THE FED (Not due to markets, due to policy) - A bunch of two-toned, zebra headed, slime-coated, pimple-farming, paramecium brain, munching-on-their-own-mucus, all suffering from PETER PAN? ENVY!!! AND - lewd, crude, rude, bag of pre-chewed food, dudes! Lying, crying, spying, prying ultra-pigs! (From the movie Pan - Robin William) China - Rotting - A movement of home buyers around China who have moved into what they call "rotting" apartments, either to pressure developers and authorities to complete them or out of financial necessity. - Shanghai E-House Real Estate Research Institute estimated in July that stalled projects accounted for 3.85% of China's housing market in the first half of 2022, equivalent to an area of 231 million square metres. Can't Even - Pumpkin spice latte (PSL) - PSL industry was worth >$500 million - - Starbucks has sold more than 600 million since inception PSA - Don't cook your chicken in NyQuil - FDA now warning about this new TikTok challenge - Possible that brands are behind this insanity? - A number of videos challenged people to cook chicken in NyQuil, which contains acetaminophen, dextromethorphan and doxylamine, or another similar over-the-counter cough and cold medication (boiling concentrates) - Supposedly creates hallucinations Order Flow - Being reported that the U.S. Securities and Exchange Commission (SEC) will stop short of banning payment-for-order-flow (PFOF). - The SEC may still enact other changes that make the practice less profitable - Stocks HOOD, VIRT How Bad? - Bonds - Worst Bond market since 1949 Framework - U.S. House Democrats released a framework for legislation that would restrict lawmakers and other senior government officials, including the Supreme Court, from trading in stocks. - The bill would also restrict lawmakers' spouses and dependent children from trading stock and holding certain other investments. - It will also require public officials to divest from such holdings or place them in a blind trust, according to the framework. - What is the chance that this passes? Such BS - Under pressure to resign for declining to say whether he accepts the scientific consensus on global warming, World Bank President David Malpass said on Thursday it was clear greenhouse emissions are causing climate change and defended his record as bank chief. - He was at panel discussion and would not answer about whether fossil fuels warmed the planet A Mystery! - European countries on Tuesday scrambled to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark - Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping in a five nautical mile radius. - Perhaps another shutdown? FlashBack - Remember the New Jersey Diner? Publicly traded and worth $100 million (one store) - Three people involved with a $100 million public company built around a single New Jersey deli were charged with market manipulation. - Federal prosecutors on Monday accused James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. of artificially inflating the price of two companies through manipulative trading. This is Interesting - Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds - The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going forward as the shift becomes permanent - This needs to be discussed - new inflation calculation coming? How do we account for this phenom? Sound Familiar? - The European Commission urged the new Italian government to stick to reform plans as it cleared the way on Tuesday for the payment of an additional 21 billion euros - The Commission said Italy had met a series of 45 landmarks and targets in reform of areas such as public employment, procurement, tax administration, teaching and healthcare to qualify for another part of a 192 billion euro program. Wall Street Shakedown - The SEC announces charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set forth in their respective SEC orders, acknowledged that their conduct violated recordkeeping provisions, agreed to pay combined penalties of more than $1.1 billion, and have begun implementing improvements to their compliance policies and procedures to settle these matters. - The following eight firms (and five affiliates) have agreed to pay penalties of $125 mln each: Barclays Capital; BofA Securities (BAC); Citigroup (C); Credit Suisse (CS); Deutsche Bank (DB); Goldman Sachs (GS); Morgan Stanley (MS); and UBS Securities (UBS). - The following two firms have agreed to pay penalties of $50 mln each: Jefferies (JEF); and Nomura Securities. Cantor Fitzgerald has agreed to pay a $10 mln penalty. 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? THE WINNER FOR CTP for Bed Bath and Beyond (BBBY) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
TDI Podcast: Coordinated Stupidity (#783)
Holy Capitulation CNBC Man! You know… It is what his mamma used to say – Stupid is what stupid Does A quick check on the market wreck and something you need to hear about. The charts discussed…Click to enlarge Looking for style diversification? More information on the TDI Managed Growth Strategy – https://thedisciplinedinvestor.com/blog/tdi-strategy/ […]
DHUnplugged #623: Rate Hysteria
Auntie Em! It’s a twister! Rate hikes that is – everyone is getting hysterical. FedEx puts a crimp in the outlook. Stranger Danger – new Monkeypox advice in China PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - So Sorry - The Killers concert update - Biden making some big announcements - Announcing the winner of the CTP for Bed bath and Beyond - Stranger Danger - FedEx Warning shakes markets - New sport? Nose Biting? ---- Has done something no one has ever done before! Market Update - Big day coming - Fed Rate Decision - UGLY week - CPI (Inflation) ruined the party --- 5.5% DOWN for NASDAQ last Tuesday. Markets off big last week - Oil dropping on concerns that China COVID -ZERO and global slowdown - Goldman Cutting US Growth Forecast RATE HYSTERIA! - 2PM, 2:30PM - Wednesday - 20% probability of 1% and 100% of 75%| - 10Yr spiked again - now over the top of June peak - - Seems that markets and news hysterical - yet inflation peaking..... - If any slight layoff by Powell , markets going to gush higher (at least temporarily) - - Seems like 0.75% priced in - so not sure where we are going from here (pundits again looking for downside after they switched recently) Rate Update - High grade money markets >2% - 2 year muni bond >2.5% - 12 month treasury >4% - 1 year CD > 2.7% JCD - FYI - DJIA @ 30,706 President Biden - Declaration! - The Pandemic Is Over! --- "We still have a problem with COVID. We're still doing a lotta work on it. But the pandemic is over. If you notice, no one's wearing masks. Everybody seems to be in pretty good shape. And so I think it's changing." - Doesn't the WHO have the responsibility of declaring? Biden Again - - Inflation just moved up an inch in the last reading - Trying his best to tamp down the concerns out there - Biden team out if force on the idea that gas and oil prices are down big - talking it up - Oil and gas are all about China - not US Biden - So happy - Gas prices plummeting Gas Prices Maybe not so Happy - US household net worth declined in the second quarter by the most on record as aggressive action by the Fed to tame rapid inflation sent stocks plunging MonekeyPox Back in the News - Seems that spread in Europe is slowing down significantly - China gets first case and now they are saying: Don't touch foreigners to reduce monkeypox risk - "To prevent possible monkeypox infection and as part of our healthy lifestyle, it is recommended that 1) you do not have direct skin-to-skin contact with foreigners," Wu Zunyou, chief epidemiologist at the China Center for Disease Control and Prevention posted on his official Weibo page on Saturday. - 2) Wu also called for people to avoid such contact with people who have been abroad within the past three weeks as well as all "strangers", as he cautioned vigilance. (STRANGER DANGER) What is Up ? FedEx Warning - FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. - "Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.," CEO Raj Subramaniam said in the release. "While this performance is disappointing, we are aggressively accelerating cost reduction efforts." - Earnings per share: $3.44, adjusted vs. $5.14 expected - - - -- Revenue: $23.2 billion vs. $23.59 billion expected - Prompted in interview with Cramer: Is the economy headed for Worldwide recession??? ------- “I think so,” Subramaniam said. “These numbers, they don’t portend well.” “We are a reflection of everybody else’s business, especially the high-value economy in the world,” - The company cited specific weakness in Asia as well as challenges to service in Europe for its underperformance in the first quarter. - - Stock was down 24% on this news - one of worst days in Fedex history Overseas - Real Estate - In the June quarter the average dwelling prices fell 2% across Australia. - In New South Wales they fell 3.8% while in Queensland prices were mostly flat. South Australia on the other hand saw a solid 3.6% growth - Since the middle of 2020 residential prices have on average risen 28.4%, while at the same time wages have risen just 2.9%. - Since 2012 average household disposable income has risen 30%, while property prices have risen 82% Australia Housing 1 Australia Housing 2 More Australia Housing - Australian Governor of Australia Reserve Bank - "Estimates suggest the net effect is that mortgage payments for new buyers would be higher for about two years as a result of higher interest rates," said Kearns. - READ SLOWLY - - "But after that, the declines in housing prices and mortgage size begin to dominate," he added. "It suggests that because higher interest rates reduce housing prices and so mortgage sizes, mortgage payments for new borrowers could ultimately be lower than if interest rates had not increased." When do we all realize that governments are all about Real Estate and Oil/Energy??? China Housing - China injecting $$$$ into construction projects to help boost domestic consumption. - Meanwhile: prices extended their year-on-year contraction for the fourth month in August, with prices last month falling 1.3%, the fastest annual pace in seven years, and suggesting longer-term homebuyer aversion. - Authorities have taken steps to prop up the sector this year, including relaxations on home purchases, smaller downpayments, cuts in mortgage interest rates, and a bigger reduction in the selling price of homes US GDP Outlook - Goldman Sachs Group Inc. cut its US economic growth estimates for 2023 after recently boosting its predictions for Federal Reserve interest rate hikes. - US gross domestic product will increase 1.1% in 2023, economists including Jan Hatzius wrote in a note Friday, compared with a forecast of 1.5% previously. The projection for 2022 was left unchanged at 0%. - Goldman raised its federal funds rate forecast by 75 basis points over the last two weeks for a terminal rate forecast of 4% to 4.25% by the end of 2022. - Goldman also raised forecasts for the unemployment rate to reflect the lower growth, saying it will be about 3.7% by end-2022, compared with a call for 3.6% previously. It will rise to 4.1% by the end of 2023 versus 3.8% previously, and to 4.2% by end-2024 compared with a prior estimate of 4%. More Bad - Ford Motor on Monday warned investors that the company expects to incur $1 billion more in costs than previously expected during the third quarter due to supply chain issues. - The company, however, said it still expects 2022 adjusted earnings before interest and taxes of between $11.5 billion to $12.5 billion, but said the supply chain problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles that haven't been able to reach dealers. Crypto - The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage - The new system will use 99.95% less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created, could give Ethereum a major advantage as it seeks to surpass rival blockchain bitcoin - With the software upgrade, Ethereum has moved from a "proof of work" system, in which energy-hungry computers validate transactions by solving complex maths problems, to a "proof of stake" system, where individuals and companies act as validators, using their ether as collateral, to win newly created tokens - Not same power usage - possible NVDA as less need for powerful GPUs ? Playing Defense - Adobe Inc said it would buy online design startup Figma for about $20 billion to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. - FIGMA has $400 million in annual revenue. --- ADBE investors not pleased (Stock was down 15% in reaction) What ?? - The British pound dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. - The World Bank on Thursday warned of a global recession in 2023 and said central bank hiking may not be enough to bring down inflation. More Currency - Intervention Time - Japan - It is more than a decade since Japan intervened directly in the foreign exchange market and more than two decades since it intervened to support its currency , which it last did during the Asian financial crisis of 1997 to 1998. Yen Intervention Fake Meat Side effect? - Beyond Meat COO Doug Ramsey arrested for allegedly biting man's nose after Arkansas college football game - Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail on Saturday evening. - Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey's car. The Subaru owner then got out of his car, and Ramsey allegedly started punching him and bit his nose, "ripping the flesh on the tip of the nose," according to the report. The victim and a witness also alleged that Ramsey told the Subaru owner he would kill him. One More For The Road - European factories are shutting down lines due to high electricity bills - Will have to get more info on this as it developes 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? ANNOUNCING THR WINNER FOR CTP for Bed Bath and Beyond (BBBY) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
TDI Podcast: Smoking Cars and Smoking Weed with Gerber (#782)
Peak Inflation Theory – shot to hell – so much for the experts. Guest – Ross Gerber, Gerber Kawasaki. Rate hike probabilities now include a 1% move – watch out! Rail Strike – narrowly averted… Ross Gerber is the Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management. Ross oversees Gerber Kawasaki’s corporate […]
TDI Podcast: ESG – Just Another Scam? (#781)
Markets trying soooo hard to score a win. ECB hops on the BIG rate-hike bandwagon. Oil plunges – weird don’t you think? A few thoughts on what is next and a look into ESG investing. Looking for style diversification? More information on the TDI Managed Growth Strategy – https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info – https://envestology.com/ Stocks mentioned […]
DHUnplugged #622: Box The Whites
Put away the white pants – box up the white shoes – summer is over. Deeply Oversold – Quick bounce potential is high (Happened last week and today already 3 times) New study on talking to plants PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Back from NOLA - FSU/LSU game - unreal weekend - Putting away the White pants and shoes - post Labor Day - Europe is in trouble - Russia playing hardball with energy flows - Germany rethinking Nuclear energy - New study on talking to plants - Reminder of CTP that is closing for entries Friday Market Update - Deeply Oversold - Bounce Potential High (Happened last week and today already) --- Seems that 3.3% 10Yr is near-term cap? - QQQ bounce from low in June to high 23%, now eroded to 8% - Turmoil at BBBY - China lockdowns and OPEC production cuts - Apple Sept 7th launch event BIG ANNOUNCEMENT - TEASE REALLY - TriggerCharts Indicators - New Distribution, New platforms..! NOW TRADINGVIEW.. Launch 1st week of September - Tradestation, eSignal, TradingView! RSS Feed - FIXED Yields - 10yr Treasury at June Highs - 3.342% Market/Sectors Update Sectors - YTD When the going get tough - Throw out all Climate concerns - Germany keeping 2 nuclear power plans active (Uranium URA?) - Germany will keep two of its three remaining nuclear plants available for power production as part of a reserve scheme recommended by power transmission grid operators (TSOs) that stress-tested electricity supply - Economy minister Robert Habeck said the risks of nuclear technology mandated holding on to the exit plan but restrictions in Russian gas deliveries justified the reserve measure. Oil Production - OPEC cannot seem to make up its mind - a group of some of the world's most powerful oil producers on Monday agreed on a small output cut from next month, surprising energy markets at a time of considerable turmoil. - OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, decided to cut production targets by about 100,000 barrels per day from October. - Oil spiked then dropped after the news (Economic realities and China lockdowns) Russia Playing Hardball - On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. - The euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely. - The EU's common currency was trading around 0.9915 versus the dollar by 1:00 p.m. London time (8:00 a.m. ET), having climbed off lows of $0.9881 hit earlier in the day. - The dollar index, which measures the greenback against six major currencies, also breached a fresh two-decade high as the British pound slid on fears over energy supply and European economic growth. Last Item - Looking at European Gas prices - just to be clear - Lower gas flows from Russia ahead of and following its February invasion of Ukraine have already pushed up European prices by nearly 400% over the past year, sending electricity costs soaring. Crude Oil Futures California Rolling Blackouts? - Highest rates since 2020 - Potential for rotating outages to conserve --- How does this work for Electric cars? Supposed to be cheaper alternative China Lockdown - Some districts of China's southern tech hub Shenzhen extended curbs on public activities, dining out and entertainment venues on Friday, but city officials stopped short of a full lockdown - Most of Shenzhen's nearly 18 million residents are now under COVID controls amid the city's most serious outbreak since spring. - Restrictions in the central business district of Futian and Longhua, home to a major campus of Apple iPhone assembler Foxconn, have been extended until Sunday, while residents in several areas across the city were asked to work from home if possible. - These moves hurt global trade/oil prices and global growth outlook - China's Chengdu lockdown is ongoing Big Fines for Social Media - Ireland's data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million) against social network Instagram following an investigation into its handling of children's data, a spokesperson for the watchdog said. - Appeal in progress| - The investigation, which started in 2020, focused on child users between the ages of 13 and 17 who were allowed to operate business accounts, which facilitated the publication of the user's phone number and/or email address. - WhatsApp was last year fined a record 225 million euros for failing to conform with EU data rules in 2018. Update - CVS - Signify - CVS Health Corp on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes. BBBY Update - Bed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that Arnal fell to his death. - Arnal, 52, fell Friday afternoon from a building in downtown Manhattan, according to police. The iconic skyscraper, known locally as the "Jenga Tower" or the "Jenga Building," has more than 50 floors of uniquely stacked apartments. - Deemed a Suicide - Days after company announcing plans to close 150 stores of its "lower producing" namesake stores. The New Jersey-based retailer also said it would be cutting 20% of its staff and added that it had secured more than $500 million in new financing - Plenty of other speculation related to lawsuits claiming pump/dump scheme involving Ryan Cohen and Arnal. Economic Update - Part of the problem is that eco data in US remains "good" - Unemployment moves from 3.5% to 3.7% - Avg Hourly Earnings 0.3% vs 0.4% expected - Non-Farm payrolls +315k - ISM Services (Non Manufacturing) 56.9 (good expansion) - Coming Up this week - Beige Book, Initial Claims, Consumer Credit, Wholesale Inventories (light) New Rules - Disclosure - U.S.-listed companies will need to disclose how the pay of their top executives squares with overall company performance. - In addition, U.S.-listed companies will have to provide a clear description of the relationship between each financial performance measure and CEO pay versus other named executives, the SEC said in its release. - The measure will make it easier for shareholders to assess a publicly traded company’s decision-making with respect to executive compensation policies--a long-recognized value to investors, SEC Chair Gary Gensler said in a statement. - The measure comes amid a push by President Joe Biden's administration to force listed companies to review working conditions, pay equity, hiring and retention policies. PLANTS! - Nearly half, 48%, of people surveyed by Trees.com admitted that they talk to the leafy creatures. - And a majority of those individuals, 62%, believe it has helped their mental health. - The survey polled 1,250 people, asking if, why and how often they talk to their plants. - A majority say they only talk to their houseplants. However, 62% talk to outdoor plants and 37% talk to the trees they walk by on the street. - And over a fifth of participants, 27.67%, say they've hugged a plant and even 22.5% have kissed one. - Horticultural therapy allows individuals to process challenges that they're facing in their own lives by shifting their focus to being in control of something that is more predictable Apple Event (Tomorrow at 1PM ET) - Does it matter anymore? - In person mix with recorded videos ---- Have not done in-person live since 2019 - Apple iPhone 14 announcement - Watch 8 -- What will pricing look like? -- Subscription plan for iPhone hardware? Bonus - E-cigarette maker Juul Labs Inc has agreed to pay $438.5 million to settle claims by 34 U.S. states and territories that it downplayed its products' risks and targeted underage buyers, several states announced Tuesday. - As part of the settlement, Juul has agreed to refrain from some kinds of marketing, including the use of cartoons, product placement and depictions of users under 35. 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? CTP for Bed Bath and Beyond (BBBY) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
TDI Podcast: Ugly Two-Headed Llama (#780)
Thomas Thornton, Hedge Fund Telemetry is our guest. The Two-headed llama – Pushing and pulling policies are leading us down a dark hole. Markets – well, if you are fully long – the pain is real as rates are high, and stocks are low We are going to get into it with our guest… Thomas […]
DHUnplugged #621: PAIN AHEAD
PAIN – that is what he said…. PAIN! RSS feed gone wild. It looks like it is fixed. Markets held up nicely – but end of the month, low volume and just trader exhaustion seemed to win over. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Worst Day in months - Powell invokes Volker - PAIN AHEAD - $10,000 off Student Debt Sale - RSS Feed - something not right with DHUnplugged - Pushed show on Fedd 5 times last week. - Need a CTP Stock! - Inflation HOT is baseball Card Market! Market Update - HOT MESS - Now What? - - Europe poised for more problems with Russian Oil - ECB next in line to start hiking rates - EVs Stil hot News - Ford up - 50-Day MA - S&P 500 and NASDAQ 100, touch and bump Monday BIG ANNOUNCEMENT - TEASE REALLY - TriggerCharts Indicators - New Distribution, New platforms..! NOW TRADING VIEW.. Launch 1st week of September - Tradestation, eSignal, TradingView! RSS Feed Gone Wild! - Pushed 3-4 DHUnplugged. Something with Site code - Maybe... We shall see tonight. Salesforce Story - Credit Card expiration - thought I updated - Billing due 8/14 - 8/29 get a threatening email and warning about pulling forward contract and lock out - 8/29 - LOCKED OUT - can't even get to the billing area to see what is up... - Threatening email - no direct way to contact --- Your account with Salesforce has an outstanding balance of USD******. If this balance is not settled by 08-Sep-2022, your account will be placed with a third party collection agency. If payment is received by Salesforce after this date, payment for the full contract value will be required before your account can be reactivated and for any and all collection costs incurred by Salesforce including the fee for placing the account. We are obligated to pursue the entire unpaid contract value of any and all agreements between Salesforce and *Horowitz & Co. We would like to avoid these measures; however, we feel we have no choice but to take these steps. Salesforce will have no obligation to maintain or provide your data after the time specified in your Master Subscription Agreement, and will thereafter delete or destroy all copies of your data in our systems. You may request a data export within the time period set forth in the Documentation by logging a support case. Start with Inflation Item - "Gasoline futures have fallen to new trend lows this morning, now printing lowest levels in over 6 months" - Down 32% from high Gas Futures Technicals ! - 50 DMA - holds for all major indices after Friday's breakdown - 200-day massive resistance - - Institutional - 1st line of support (50 Day) ---- But 50 Day below 200 day - Not good set up ---- One good thing - 50 Day slightly rising - End of Month, light volume, big sell-off - Needs to Hold and rebound if any chance Powell Speech - Says the word Pain - Invokes comment about Volker - Essentially walks back any thought that they are going to slow the rate hikes White House Prepping - Says they think employment numbers may be soft on Friday - or softening... - On that note - SNAP laying off 20% of staff - Remember all those calls for : "Nobody teaches finance in school?" - THIS IS WHY WE GET COMPANIES THAT THIK THEY CN RUN WITH CRAP FINANCIALS Jackson Hole Reality Check - Awakening - Central banks spent decades building their credibility on inflation fighting skills and losing this battle could shake the foundations of modern monetary policy. - - "The longer inflation stays high, the greater the risk that the public will lose confidence in our determination and ability to preserve purchasing power." (ECB Member) - "Even if we enter a recession, we have basically little choice but to continue our policy path," Schnabel said. "If there were a deanchoring of inflation expectations, the effect on the economy would be even worse." ECB - Jackson Hole - European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank's inflation-fighting credentials. - becoming entrenched in expectations are uncomfortably high," Schnabel said. "In this environment, central banks need to act forcefully." - Let's discuss - massive energy problem and hiking aggressively into it? Speaking of Energy - Top oil exporter Saudi Arabia could slash October prices for most crude grades it sells to Asia after a plunge in spot premiums as tepid fuel demand and increasing arbitrage cargoes put pressure on oil prices in the region. - ON THE OTHER HAND - --- Last week Saudi and OPEC said that they want to limit supply to much of the world as proices are dropping. More Energy - The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may need to consider taking action if the plants do not build inventories. - "Given the historic level of U.S. refined product exports, I again urge you to focus in the near term on building inventories in the United States, rather than selling down current stocks and further increasing exports," Granholm said in the letter sent to refiners, a copy of which was seen by Reuters. - WAIT WHAT? The Biden Admin is responsible for 1 million barrels per day China Update - Going from Bad to Worse - Chinese technology giants are coming off the back of their worst quarter of growth in history as a big slowdown in the world's second-largest economy, stoked by Beijing's strict Covid policy - Retail sales decreased year-over year in April and May due to the resurgence of Covid-19 in Shanghai and other major cities, and has slowly recovered in June - AND - China's technology sector continues to contend with a much stricter regulatory environment. Over the past two years, China has introduced tougher policy in areas from gaming to data protection. - WORST OVER- ? Keep Reading ... Keep Reading - Authorities in China's southern city of Shenzhen shut the world's largest electronics market of Huaqiangbei and suspended service at 24 subway stations on Monday in a bid to curb an outbreak of COVID-19. - Subway services at 24 stations in the central districts of Futian and Luohu were also halted, according to official local media. China - Worst Not Over - Profits at China's industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. - Profits at China's industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, the National Bureau of Statistics said on Saturday. Lighter Note - A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years. - The rare Mantle card eclipsed the record just posted a few months ago — $9.3 million for the jersey worn by Diego Maradona when he scored the contentious “Hand of God” goal in soccer's 1986 World Cup. Is this a Good Idea? - The Biden administration plans to ask the U.S. Congress to approve an estimated $1.1 billion arms sale to Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, Housing Market --Home Partners of America, the single-family landlord owned by Blackstone Inc., will stop buying homes in 38 US cities, becoming the latest institutional investor to back away from an overheated housing market. - Identical to Car Lease... ---- Fiind a Home, They Buy it and lease back to you, At end you can renew, or buy, or walk away - Lease to Purchase Homes - Check it out - https://www.homepartners.com/ Twitter - Received another "NO THANKS - PLEASE CANCEL" from Elon Musk - Is this going to happen? Tech - Sea Change or One Off? - Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. - The greenback surge has this year eaten into the earnings of technology firms from Microsoft Inc to Apple Inc , compounding pressure from a drop in consumer spending on electronics such as personal computers and smartphones. - Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. - Consumer revenue fell 9%, echoing weakness seen at Intel Corp and Lenovo Group as demand weakened after a pandemic-fueled boom and decades-high inflation prompted consumers to prioritize essentials. (PULL FORWARD) 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? Announcing the CTP for Bed Bath and Beyond (BBBY) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
DHUnplugged #620 – Update 3
Update3 – Push to Podcast Apps
TDI Podcast: Alt-Invest with Dave Kavanagh (#779)
Dave Kavanagh of Grant Park is our guest, discussing commodity trading strategies and alt-investing. Mr. Powell is a Party Pooper – taking away the punch bowl again. Crude oil seems to have a floor now – THANKS OPEC! David M. Kavanagh, president of the general partner has been responsible for overseeing all operations and activities […]
DHUnplugged 620 – Update 2
Update – Push to Podcast Apps
DHUnplugged #620: Squeeze Squashed
Squeeze No More – Meme names come crashing down to earth! Treasury (yields) moving higher again – lots of Central bank chatter Jackson Hole confab this week – what will Powell say? Retail earnings… Hit and miss…. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - The Squeeze gets squashed - Really HOT in China! - E Coli outbreak - watch out - Jackson Hole Annual gathering of eco big-wigs - Gearing up for War? - A sad day for the Auto industry Market Update - Rolling Over - Fed ratchets up "communication strategy" - Everyone watching the Jackson Hole confab - Friday Powell Speaks (morning) - Treasury (yields) moving higher again - lots of Central bank chatter - - 10Yr Yield > 3% again - Retail Earnings Reminder - This week on TDI Podcast - Peter Schiff (Gold, Tuna and Central Banks) BREAKING NEWS - White House officials expect slower economic growth in 2022 with higher inflation, according to NY Times Now this is interesting - EURO @NG... Euro NG Facts - Just the Facts - At the end of 2021, Natural Gas Prices on Europe was priced at 70 Euros. U.S. Natural gas (NG) was priced at $2.53. ---- Note that these have different measurements, but let's just look at price escalation. - Currently, the price of Natural gas in Europe is 276 Euros. Here in the U.S. it is $9.64. - So, European natural gas has moved up 294% since the end of 2021. U.S. Natural gas has seen a 281% rise. - If you were only getting info from the TV talking heads, you would believe that NG prices have moved much more than here in the U.S. - The blame has been squarely directed to Russia on this. But, the U.S. is a major NG producer. Big problem with the messaging.... So, What Does German Do About it? - German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use. - These savings were not sufficient to be worth reopening the debate about the exit from nuclear energy given the consensus on the topic, he said during a discussion with citizens at the government's open-door day. Oil Not Going Down - Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. - The Organization of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply Meanwhile - U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, according to data from the Department of Energy. One More Energy - German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Russia's gas supplies to Europe may cause disruptions to power supply. - In December 2020, Uniper announced that Heyden 4 would stop commercial production as Germany's energy regulator included it on the list of plants that may be shut in return for compensation to fight carbon pollution. - So much for global warming! Remember The SQUEEEEEZE - Was fun while it lasted - BBBY high of $30, now below $10 ---- Ryan Cohen pumped and dumped.... Sol ALL SHARES a couple days after the big move (That was due to his massive option purchase) - AMC $27 last week to $11 now - Big reversals for ARRK type names after nice run-up - - 200 Day MA for S&P500 was line in the sand M&A - Signify Health surged 37.5% in premarket trading as a potential bidding war escalates for the home health services provider. - Amazon.com (AMZN) and UnitedHealth (UNH) are now said to be among the bidders, according to The Wall Street Journal - Healthcare company with heavy analystics and in-home services. Interesting add. Japan and Rev Moon - More problems with Unification Church - Now new Prime Minister Kishida linked to church - support falls to 36% from 52% - Unification Church - founded in South Korea in the 1950s and famous for its mass weddings - Moonies ! China - Not Good at All - Heatwaves... - The Chinese city of Chongqing is shortening the opening hours of its malls from Monday due to an "urgent" power supply situation caused by a recent heatwave - China's Sichuan province will extend curbs on industrial power consumers until Aug. 25 as it tries to deal with dwindling hydropower output and surging household electricity demand following a long heatwave - Red ALERT for Heat as temps hover past 104 - Average August temps in region - 87 - 92 Jackson Hole Eco Gathering - The gathering is one of the central banking profession's A-list events, with global officials kibbitzing over cocktails, listening to presentations on new research, hiking the Grand Teton mountains and fly fishing for fine-spotted cutthroat trout on the Snake River. - The gathering also offers an attention-getting perch for a Fed chief or other policymaker to fine-tune their messaging. ---- They will be discussing "Inflation's Broad Roots" ----- Remember Bernanke's "Green Shoots"? Kissinger Says - We are at the edge of war with Russia and China on issues which we partly created, without any concept of how this is going to end or what it’s supposed to lead to. - I think that the current period has a great trouble defining a direction. It’s very responsive to the emotion of the moment. - Some of this may be in response to the fact that China sent troops to Russia for "joint training" ----- Note: these joint exercises take place every four years, and include India, Belarus, Mongolia, Tajikistan and other countries E.Coli - The U.S. Centers for Disease Control and Prevention said it is probing an E.coli bacteria outbreak in four states from an unknown food source, with many of the affected reported to have had sandwiches at Wendy's Co - Of the 37 sick, 22 people were said to have consumed Wendy's sandwiches with romaine lettuce in Michigan, Ohio, Indiana and Pennsylvania - Wendy's pulled ROMAINE lettuce - but still unclear about what is cause A First for Girl Scouts - Raspberry Rally - Similar to a think mint, but Raspberry - ONLY SOLD ONLINE ... --- ? A local Girl Scout places the order for you online. ----- The group says the goal is to help girl scouts build e-commerce skills. Retail - Mixed Bag - Target posted earnings last week on Wednesday - Reported a bigger than expected 90% fall in quarterly earnings and missed comparable sales estimates on Wednesday as aggressive discounting fell short of reversing a slump in spending on discretionary goods. - The company's operating margin rate tumbled to 1.2% in the second quarter, below the 2% forecast last month and 9.8% a year earlier, due to costs related with clearing out excess merchandise. Retail Earnings - Macy's Inc cut its full-year sales and profit forecasts on Tuesday, with the company saying it will need to offer more discounts to get rid off excess inventories of casual and athleisure apparel, even as demand for luxury products holds up. - Macy's inventories were up 7% at the end of the second quarter, compared with a year earlier - The company said it expects fiscal 2022 adjusted earnings of $4.00 to $4.20 per share, compared with its previous outlook of $4.53 to $4.95 per share. - Comparable sales at Macy's upscale Bloomingdale's department stores rose 5.8% in the second quarter, while they rose 7.6% at its luxury beauty outlet Blue Mercury. Bed Bath and Yuck - Stock slammed - Was at $30 high - - Ryan Cohen (Started the Gamma Sqeeze) sold ALL shares - Stock off by ??? - Down Sub $9 AMC - Issues new shares, dividend, screwing around with preferreds - Stock was $28 last week - Now sub $10 Zoom Earnings - Guiding Down - Not much good to say (Stock off by 16%) - It was fun while it lasted - Stock $81 (ATH was $581) Auto Sadness - Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of next year, marking the end of an era for the brand as it starts to transition to electric vehicles. - For several years, Dodge has warned that the end was coming for the gas-powered muscle cars due to emissions regulations. Dodge parent company Stellantis, formerly Fiat Chrysler, ranks the worst among major manufacturers for U.S. corporate average fuel economy and carbon emissions. 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? THE CTP for AirBNB (ABNB) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
DHUnplugged #620b: Squeeze Squashed
See the show notes here: https://www.dhunplugged.com/2022/08/24/dhunplugged-620-squeeze-squashed-2/
DHUnplugged #620: Squeeze Squashed
Squeeze No More – Meme names come crashing down to earth. Treasury (yields) moving higher again – lots of Central bank chatter Jackson Hole confab this week – what will Powell say? Retail earnings… Hit and miss…. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - The Squeeze gets squashed - Really HOT in China! - E Coli outbreak - watch out - Jackson Hole Annual gathering of eco big-wigs - Gearing up for War? - A sad day for the Auto industry Market Update - Rolling Over - Fed ratchets up "communication strategy" - Everyone watching the Jackson Hole confab - Friday Powell Speaks (morning) - Treasury (yields) moving higher again - lots of Central bank chatter - - 10Yr Yield > 3% again - Retail Earnings Reminder - This week on TDI Podcast - Peter Schiff (Gold, Tuna and Central Banks) BREAKING NEWS - White House officials expect slower economic growth in 2022 with higher inflation, according to NY Times Now this is interesting - EURO @NG... Euro NG Facts - Just the Facts - At the end of 2021, Natural Gas Prices on Europe was priced at 70 Euros. U.S. Natural gas (NG) was priced at $2.53. ---- Note that these have different measurements, but let's just look at price escalation. - Currently, the price of Natural gas in Europe is 276 Euros. Here in the U.S. it is $9.64. - So, European natural gas has moved up 294% since the end of 2021. U.S. Natural gas has seen a 281% rise. - If you were only getting info from the TV talking heads, you would believe that NG prices have moved much more than here in the U.S. - The blame has been squarely directed to Russia on this. But, the U.S. is a major NG producer. Big problem with the messaging.... So, What Does German Do About it? - German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use. - These savings were not sufficient to be worth reopening the debate about the exit from nuclear energy given the consensus on the topic, he said during a discussion with citizens at the government's open-door day. Oil Not Going Down - Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. - The Organization of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply Meanwhile - U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, according to data from the Department of Energy. One More Energy - German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Russia's gas supplies to Europe may cause disruptions to power supply. - In December 2020, Uniper announced that Heyden 4 would stop commercial production as Germany's energy regulator included it on the list of plants that may be shut in return for compensation to fight carbon pollution. - So much for global warming! Remember The SQUEEEEEZE - Was fun while it lasted - BBBY high of $30, now below $10 ---- Ryan Cohen pumped and dumped.... Sol ALL SHARES a couple days after the big move (That was due to his massive option purchase) - AMC $27 last week to $11 now - Big reversals for ARRK type names after nice run-up - - 200 Day MA for S&P500 was line in the sand M&A - Signify Health surged 37.5% in premarket trading as a potential bidding war escalates for the home health services provider. - Amazon.com (AMZN) and UnitedHealth (UNH) are now said to be among the bidders, according to The Wall Street Journal - Healthcare company with heavy analystics and in-home services. Interesting add. Japan and Rev Moon - More problems with Unification Church - Now new Prime Minister Kishida linked to church - support falls to 36% from 52% - Unification Church - founded in South Korea in the 1950s and famous for its mass weddings - Moonies ! China - Not Good at All - Heatwaves... - The Chinese city of Chongqing is shortening the opening hours of its malls from Monday due to an "urgent" power supply situation caused by a recent heatwave - China's Sichuan province will extend curbs on industrial power consumers until Aug. 25 as it tries to deal with dwindling hydropower output and surging household electricity demand following a long heatwave - Red ALERT for Heat as temps hover past 104 - Average August temps in region - 87 - 92 Jackson Hole Eco Gathering - The gathering is one of the central banking profession's A-list events, with global officials kibbitzing over cocktails, listening to presentations on new research, hiking the Grand Teton mountains and fly fishing for fine-spotted cutthroat trout on the Snake River. - The gathering also offers an attention-getting perch for a Fed chief or other policymaker to fine-tune their messaging. ---- They will be discussing "Inflation's Broad Roots" ----- Remember Bernanke's "Green Shoots"? Kissinger Says - We are at the edge of war with Russia and China on issues which we partly created, without any concept of how this is going to end or what it’s supposed to lead to. - I think that the current period has a great trouble defining a direction. It’s very responsive to the emotion of the moment. - Some of this may be in response to the fact that China sent troops to Russia for "joint training" ----- Note: these joint exercises take place every four years, and include India, Belarus, Mongolia, Tajikistan and other countries E.Coli - The U.S. Centers for Disease Control and Prevention said it is probing an E.coli bacteria outbreak in four states from an unknown food source, with many of the affected reported to have had sandwiches at Wendy's Co - Of the 37 sick, 22 people were said to have consumed Wendy's sandwiches with romaine lettuce in Michigan, Ohio, Indiana and Pennsylvania - Wendy's pulled ROMAINE lettuce - but still unclear about what is cause A First for Girl Scouts - Raspberry Rally - Similar to a think mint, but Raspberry - ONLY SOLD ONLINE ... --- ? A local Girl Scout places the order for you online. ----- The group says the goal is to help girl scouts build e-commerce skills. Retail - Mixed Bag - Target posted earnings last week on Wednesday - Reported a bigger than expected 90% fall in quarterly earnings and missed comparable sales estimates on Wednesday as aggressive discounting fell short of reversing a slump in spending on discretionary goods. - The company's operating margin rate tumbled to 1.2% in the second quarter, below the 2% forecast last month and 9.8% a year earlier, due to costs related with clearing out excess merchandise. Retail Earnings - Macy's Inc cut its full-year sales and profit forecasts on Tuesday, with the company saying it will need to offer more discounts to get rid off excess inventories of casual and athleisure apparel, even as demand for luxury products holds up. - Macy's inventories were up 7% at the end of the second quarter, compared with a year earlier - The company said it expects fiscal 2022 adjusted earnings of $4.00 to $4.20 per share, compared with its previous outlook of $4.53 to $4.95 per share. - Comparable sales at Macy's upscale Bloomingdale's department stores rose 5.8% in the second quarter, while they rose 7.6% at its luxury beauty outlet Blue Mercury. Bed Bath and Yuck - Stock slammed - Was at $30 high - - Ryan Cohen (Started the Gamma Sqeeze) sold ALL shares - Stock off by ??? - Down Sub $9 AMC - Issues new shares, dividend, screwing around with preferreds - Stock was $28 last week - Now sub $10 Zoom Earnings - Guiding Down - Not much good to say (Stock off by 16%) - It was fun while it lasted - Stock $81 (ATH was $581) Auto Sadness - Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of next year, marking the end of an era for the brand as it starts to transition to electric vehicles. - For several years, Dodge has warned that the end was coming for the gas-powered muscle cars due to emissions regulations. Dodge parent company Stellantis, formerly Fiat Chrysler, ranks the worst among major manufacturers for U.S. corporate average fuel economy and carbon emissions. 420 Stocks ... CLICK for list of "Pot Stocks" Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV Love the Show? Then how about a Donation? THE CTP for AirBNB (ABNB) *** NEW INTERACTIVE CHARTS *** Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) - PLUS a one-of-a-kind DHUnplugged CTP Winner's certificate.. CLICK HERE FOR MORE CHARTS ON TRADING VIEW UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge! The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents. We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16) We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle CRYPTO LIMERICKS JCD Score () FED LIMERICKS JCD Score () See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter