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DHUnplugged #609: Hurricane Coming
Target reports more problems – but market take it as a massive deflationary happening. June is expected to be an “up” month – breaking the string in 2022. Musk, Dimon and others are panicking – should we stay or should we go? 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 - A recap of last week's crazy - MonkyPox - Now Masking? - Target revises - even worse - deflationary and market is getting this - Apple - not much in latest update (Cars?) - Prostitution in the Metaverse - Floods in SoFla Market Update - May ends mixed - but down - Oil Prices racheting higher - even with more supply - Peak Inflation - being discussed - Tesla jobs cuts - then back track - spooked markets (Unstable Genius?) - Gas closing in on $10 per gallon in Cali Recap of last Week - Wild Stuff - Stocks fell on Friday to cap their eight week of losses out of the last nine. For the week, the Dow fell -0.9%, the S&P -1.2%, and the Nasdaq -1.0%. - Indices failed to build on the prior week's momentum. Equities stalled as buyers failed to step in above key resistance levels. A slew of headlines led to the pause including: -- On Tuesday, J.P. Morgan (JPM) CEO Jamie Dimon stated that he saw an "economic hurricane" on the horizon and that his bank would remain conservative in the current environment. --- Tesla (TSLA) CEO Elon Musk echoed those comments on Friday, stating he had a "super bad feeling" about the economy and that his company would need to cut approximately 10% of its staff. (Walked back) ---Salesforce Inc (CRM) posted a solid round of earnings Tuesday after the bell, but the company's outlook was lowered due to FX headwinds. --- Microsoft (MSFT) followed suit and provided a rare pre-announcement, warning that it would miss Q4 (June) results due to the same currency challenges. Stamp-Flation - The USPS approved a rate change that will take effect July 10, 2022. The price changes affect mainly Market Dominant prices, which include First-Class Mail, USPS Marketing Mail, Periodicals, Package Services (Media Mail, Library Mail, and Bound Printed Matter), and Special Services. Stamp Prices Going Up MONKEYS - The CDC raised its alert level for Monkeypox to level 2 on Monday, recommending that travelers wear masks, among other health measures. - More than 550 cases of monkeypox have now been recorded in 30 countries around the world, according to the World Health Organisation (WHO). - As of June 3, there have been 21 recorded Monkeypox cases in the U.S. connected to the current outbreak, according to the CDC. - "What's likely happened is an endemic infectious disease from Africa found its way into a social and sexual network and then was greatly aided by major amplification events, like raves in Belgium, to disseminate around the world," Wells Fargo - Why anyone uses this back??? - Wells Fargo & Co is pausing a hiring policy that requires recruiters to interview a diverse pool of candidates - the New York Times reported such interviews were often fake and conducted even though the job had already been promised to someone else. - Finally! Buffett's Berkshire Hathaway disclosed that it sold its remaining shares in the bank this week Peak Inflation - Plenty of economists who argue that the shock will soon fade, as supply blockages ease and energy costs stabilize. Some warn that central banks are in danger of making a big mistake by raising interest rates too aggressively even as price pressures show signs of peaking. - Economists at Morgan Stanley warn that the risk of an inventory glut is growing, especially in sectors such as consumer discretionary and technology goods. - Target!!!!!! - With signs that consumers are growing cautious as interest rates rise, that’s now leaving an overhang of goods that will add downward pressure on prices. Target - Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. - The retailer slashed its profit margin expectations for the fiscal second quarter to account for a wave of goods winding up deeply discounted or on the clearance rack. - Shares fell about 5% in premarket trading following the news - recovered some in regular hours - "We thought it was prudent for us to be decisive, act quickly, get out in front of this, address and optimize our inventory in the second quarter — take those actions necessary to remove the excess inventory and set ourselves up to continue to be guest relevant with our assortment," CEO Brian Cornell said in an interview with CNBC. - DEFLATIONARY! More Deflation - Senior Walmart Inc executives said on Friday some suppliers have been responding to the largest U.S. retailer's efforts to lower prices despite their own struggles with high inflation, material and labor costs. Not Deflation - Turkey's annual inflation rate jumped to a 24-year high of 73.5% in May, according to data on Friday, below a forecast but fuelled by war impact, rising energy prices and a lira that has tumbled since a December crisis. - The costs of transportation and food soared by 108% and 92% respectively over last year, reflecting the deepening economic crisis for Turks struggling to afford basic goods a year before President Tayyip Erdogan faces tough elections. Connections - Apple will have to change the connector on its iPhones sold in Europe by 2024 as EU countries and EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras. - The deal we struck this morning will bring around 250 million euros ($267 million) of savings to consumers - "By autumn 2024, USB Type-C will become the common charging port for all mobile phones, tablets and cameras in the EU," the European Parliament said in a statement. - Will this hold up? Saudi Arabia - Scoundrels - Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. - The official selling price (OSP) for July-loading Arab Light to Asia was hiked by $2.1 a barrel from June to $6.5 a barrel over Oman/Dubai quotes, just off an all-time-high recorded in May. - The hike by state oil producer Saudi Aramco came despite an agreement by OPEC+ states to boost output by 648,000 barrels per day (bpd) in July and a similar amount in August in an effort to offset Russian supply losses. Chinese ADRs on the Move - DIDI! Didi's shares surging about 50% - U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackdowns on the country's internet sector. - NIO and others get a boost Unstable Genius - Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker's total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed. - Tweeting that he is backing out of Twitter - on off on off.... MetaVerse Sex - PROSTITUTION could thrive in the metaverse and could allow fantasies that aren't safe or even legal in real life. - Virtual reality opens up so many exciting possibilities for exploring the more surreal elements of fetish and kink. - "There are a lot of fetishes that are not possible to recreate in real life, like a giantess fetish, or hypnotism, or more fantastical, niche desires. - "In the metaverse, it doesn’t matter what you look like and users even get to choose. - "This could be great for people who feel insecure about how they look when they have sex so they might choose to utilize the metaverse more. COOOOL! - The first-ever wireless charging road for electric vehicles (EV) has been launched in the US as countries race to find ways to extend EV range. - The project in Michigan, set to open next year, will be just one-mile long – but if successful, this kind of charging could help EVs travel longer distances without adding additional batteries, and potentially increase the number of drivers willing to make the switch from gas-powered cars. - The road works by using an underground energy system of charging coils that connect to the electricity grid and boost the lifespan of an EV battery as it drives over it. - But you can’t just drive your EV along the road and get a charge — the vehicle needs a special receiver for it to work. Facebook - Bye Bye - Meta Platforms Inc Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world's biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday. - Also under investigation about appropriation of company funds to pay for her wedding - Interesting timing on her departure Birth Rates - Not Good - Japan recorded a record low number of births in 2021, prompting the biggest ever natural decline in the population, government data showed on Friday. - There were 811,604 births last year, the fewest in health ministry data going back to 1899. Deaths climbed to 1,439,809, leading to an overall drop of 628,205 in the population. 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 The CTP for Twitter (TWTR) *** 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 SCAMS More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, according to the FTC LIMERICKS See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

TDI Podcast: The Invisible Hand Part 2 (#769)
Inflation starts to abate – for now. Markets moving in wild course – only in bear markets. But, is that about to stabilize? A best of episode of Andrew’s rants, concerns and issues with the Fed heads, inflation and a look back. Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth […]

DHUnplugged #608: Paint The Tape
What a week – markets on fire! Inflation is everywhere – but the latest retail reports show a deflationary trend. Economic realty – the Fed’s communication strategy is working – maybe too well. Russia fighting back on the economic front – what that could mean to foreign investment in the future. 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 - Breaking In - My Car That Is....! - BIG week for markets - up 6%++++ - Moviegoers spending - Top Gun tops box office record for Memorial Day weekend - The Monkey Pox - headline grabbing - Amazon stock split - coming this week - Retail Apocalypse claiming more - inventories out of whack Market Update - Follow up was a divergent signal - (YTD lows and VIX at 30? (Shows that this may be localized - tech etc) - - Someone laying big VIX bet - Fed QT taper begins - the experiment is fully underway again - FED carrying huge losses (unrealized) - Stocks seem a little more upbeat - investors bargain hunting? Market Update - Last week (Tape Painting?) S&P 500: +6.58% DJIA: +6021% NAS 100: +7.2% Small Cap : +6.5% - Big moves on small tech names that were pummeled VIX Bet - Today someone loaded up on $VIX $150 calls for December 21 expiration. - Maybe just a simple catastrophic bet or.....? - Never hit that high (82.69 on 16 March 2020) Amazon Stock Split - June 6, 20/1 - Now price will be 120, which may attract option traders. - Have to own 100 shares to do covered call strategy - was harder for some with price at $2,500 - Also could be problematic as put may be more reasonably priced. Case-Shiller POPS - Housing prices up big! The March S&P Case-Shiller Home Price Index scores a 21.2% increase vs. 20.0% consensus on a year-over-year basis. - That is something that you do not see too often - if ever. - The last time was back in 2007-2008 as housing was seen as an investment that was leveraged to the hill. - This time, it is different, but the same. - The leverage is not with the banks as it was, but there are plenty of investment properties out there with the hopes that the rental game will continue. And this... - The Hampton's summer rental market is facing an unexpected chill as inventory piles up and prices come down - Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller Samuel. Brokers say some owners are slashing prices by 30% or more just to fill their properties. - Vacationers who used to rent in the Hamptons wound up buying in 2020 and 2021 to have a more permanent getaway. The average sales price topped $2.6 million in the first quarter of this year, up 25% over the same quarter last year One More - Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. - The supply of homes for sale jumped 9% last week compared with the same period a year ago - April sales of newly built homes, also measured by signed contracts, dropped a much wider-than-expected 16% compared with March - BOO HOO - "We used to get 10 to 15 offers on most houses," said Lindsay Katz, a real estate broker at Redfin in the Los Angeles area. "Now I'm seeing between two and six offers on a house, a good house." Inflation - Europe - Euro zone inflation rose to yet another record high in May, challenging the European Central Bank view that gradual interest rate increases from July will be enough to tame stubbornly high price growth. - Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April, beating expectations for 7.7% as price growth continued to broaden, indicating that it is no longer just energy pulling up the headline figure. - It may go higher as oil prices rocketing due to embargo Oil Prices and the Pump - WTI and Brent on the move as Europe embargo begins - Phase in to this , but oil markets around the world already reacting - WTI $119   $115, Brent $120 / barrel - Average price at pump - $4.62 (one year ago $3.046) Inflation/Deflation - Let's discuss what is going on... - Yes, inflation - but why? - Supply chain a big issue - war big issue, Fed and stimulus, big issue - How does it end?  We are seeing that now... - What does future hold? - - - Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks -- going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff. ----- Inventories rose $44.8 billion for companies on S&P consumer indexes with a market value of at least $1 billion that reported earnings over the last two weeks. (WMT TGT and others) - This is deflationary!  OVERSUPPLY as discounts will be coming to clear the inventory NO-FLATION HERE - COSTO hot dog and drink $1.50 - Rumors of a price increase were denied/put to rest - Price has been the same/never changed for decades (1985) Favorite Inflation Headline - Fish and Chip restaurants battered as prices cut into profits - Palm and other oil prices up - fish prices up ---- In just a year, prices for Britain's favourite fish - cod and haddock - are up 75%, sunflower oil is up 60%, and flour is up 40% - Where is the Build Back Batter plan when you need it? Economic Reality ISM Reports Manufacturing Conditions Consumer Confidence Meanwhile... - Apple is raising its overall compensation budget - BIG PICTURE: Labor is going to continue to be a big story for a while - will pressure profits. - The starting pay for hourly workers in the United States will rise to $22, or higher based upon the market, a 45% increase from 2018 levels, WSJ said, citing an internal email. Winners and Losers - Macy's raising profit outlook - Walmart and Target still a problem - All about the buyer's whim right now..... Fed - Long Timeline, but.... - The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March - According to the Fed's first quarter financial statement, the Fed's $2.77 trillion in MBS purchases has declined on a fair market value basis by $164 billion, and as of March 31 was worth $2.606 trillion. - Profits that the Fed REMITS to the treasury may take a big hit (less $$$ to run govy) - This is a problem for the Fed, stuck with need to slow economy but will hit their portfolio MonkeyPox Follow-Up - The World Health Organization on Thursday said the monkeypox virus has spread to more than 20 countries, urging nations to increase surveillance of the infectious disease - About 200 confirmed cases and more than 100 suspected cases of monkeypox have been detected outside of countries where it usually circulates - The European Union has confirmed 118 cases of monkeypox, according to the European Centre for Disease Prevention and Control. Money and Politics - Should not mix - U.K. Finance Minister Rishi Sunak has imposed a windfall tax on oil and gas majors as the government scrambles to alleviate the country's worsening cost-of-living crisis. - Money used to ease pain at pump? (Will only keep prices higher - need demand destruction) Russia - Fighting back - This is wild.... - Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave - The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry, making it more difficult for western companies to disentangle themselves quickly unless they are prepared to take a big financial hit. - If this happens, no foreign company will ever open back in Russia 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 The CTP for Twitter (TWTR) *** 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 Top Gun! - Top Gun: Maverick" pulled in blockbuster ticket sales in its opening weekend, collecting $134 million from a record 4,732 North American cinemas. - "Top Gun: Maverick" is the highest-grossing debut in Cruise's 40-year career, and his first to surpass $100 million on opening weekend. "War of the Worlds," which opened to $64 million in 2005, previously stood as Cruise's biggest opening weekend. LIMERICKS See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

TDI Podcast: Prioritize The Process (#768)
VIX hanging below 30 – interesting with this much daily pain over the past weeks. Rates on 10yr backing up – just as we thought – now look at them! Markets may be poised for a contra-trend move here…. Need a gentler Fed and a couple more weak data points. Guest- Clare Flynn Levy from […]

DHUnplugged #607: A Total Shitshow
What are they thinking? Drying up liquidity into a time of war, pandemic and a slowing economic backdrop – dumb. Markets worried that the latest pre-announcement are more than isolated. Retail-apocalypse. A coupe of limericks… 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 - Markets whacked - everyone of the experts talking about need for capitulation (dumb) - Fed continues on hawkish path even though economy crumbling - STUPID, QT and Rate Hikes will break versus slow - Money talks - Environment Loses again? - Davos Confab - Glum - Bottom line - this is a total shitshow - analysts, investors, Fed, governments - maybe from standardized testing? - Two limerick submissions - Let's talk Twitter Market Update - YTD lows and VIX at 30? (Shows that this may be localized - tech etc) - SNAP breaks - Social media and advertising stocks hammered - Yields backing up - market correlation back a bit to "normal" - Huge outflows from bond ETFs/Funds - what does that mean? - Retail-apocalypse  - wait until we discuss these inventory numbers.... 10 Plauges - Getting us for past decades gluttony - Covid - Flurona - MonkeyPox - Nuclear War - Supply Chain - Inflation - Hurricanes - ????? MonkeyPox Stocks? (Smallpox vaccine potential) - SIGA - EBS More of the Monkey - Belgium has become the first country to introduce a mandatory 21-day quarantine for monkeypox patients as cases of the disease NUKE TALK AGAIN! - China and Russia flew nuclear capable bombers over sea of Japan while President Biden was in Asia - From FT - (paywall and reckless) Hurricane Season - "Forecasters at NOAA's Climate Prediction Center, a division of the National Weather Service, are predicting above-average hurricane activity this year — which would make it the seventh consecutive above-average hurricane season. - NOAA's outlook for the 2022 Atlantic hurricane season, which extends from June 1 to November 30, predicts a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season. - GENRAC generators (GNRC) How About This Crap? - The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog, hoping the waiver will combat rising pump prices, according to three sources involved in the discussions. - The White House has already lifted the requirement for summer sales of E15, a lower-price, high ethanol gasoline. More on Valuations (First two week's of May - action was relentless) - Microsoft has lost around $189 billion in value. - Tesla's markdown registers at $199 billion, months after seeing its valuation fall below $1 trillion. - Amazon's market capitalization has declined by $173 billion. - Alphabet, Google's umbrella company, is worth $123 billion less than it was ending April - Graphics card maker Nvidia's loss stands at $85 billion. - And Facebook parent Meta Platforms has lost $70 billion in value. Twitter - Deal Dead? - Trading below pre-take private offer (~$35.80) - Carnage in social media space - this was one of those late night snacks or something? - Without underlying bid - price would be ... $25? - How can he buy now? CLEARLY lack of due diligence - If he drops deal - TSLA back in play ? Some Bogus Poll - but interesting (MagnifyMoney) - Nearly 4 in 10 investors (38%) pulled money from the stock market in the past year due to current events. Of that group, 40% regret their decision. Gen Zers (67%), millennials (57%) and men (49%) were most likely to take out money. - Two-thirds of Gen Z investors ages 18 to 25 (67%) and over half of millennial investors ages 26 to 41 (57%) took money out of the market, compared with just 28% of Gen X investors ages 42 to 56 and 12% of baby boomer investors ages 57 to 76. And this... - McDonald's has said it will permanently leave Russia after more than 30 years and has started to sell its restaurants. - The move comes after it temporarily closed its 850 outlets in March. - The fast food giant said it made the decision because of the "humanitarian crisis" and "unpredictable operating environment" caused by the Ukraine war. - The opening of McDonald's first restaurant in Moscow in 1990 came to symbolise a thaw in Cold War tensions. SNAP and Social Media - Ever since Facebook reported - worries - SNAP reported a month ago - ok... - Decided to pre-announce last night as they saw material change in business as last 30 days major change to outlook (Stock down 40%) - he severity and timing of Snap's downward guidance is spooking investors across the online ad spectrum. - In sympathy: PINS -25%, TTD -20%, ROKU -16%, MGNI -14%, PUBM -12%, FB -9%, GOOG -7%, and TWTR -3%. Inventory Builds -  Abercrombie: +45%  (Stock down 30% today) -  Target: +43% - Walmart: +24% -  Kohl's: +40% - NO WONDER ADVERTISING SPEND IS DOWN - Is that smart? ---- Markdowns coming - which is deflationary! M&A - Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. - Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned. - The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years. Crypto - Implosion - Last week discussed 95%+ loss on Luna/Terra Stable coin scheme - Tehter (supposidly backed and pegged to the USD) dipped below $1 for a bit. - Investors getting worried: Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins. Tether, the world's largest stablecoin, has seen its circulating supply plunge from a record $84.2 billion on May 11 to around $73.3 billion as of Monday, according to data from CoinGecko. About $1 billion was withdrawn late Friday evening. More Strange Hints - Amazon - Amazon.com Inc., stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords - The excess capacity includes warehouses in New York, New Jersey, Southern California and Atlanta Short ARKK ETF Dude - ARKK is very transparent on its holdings. SARK is inverse (by another ETF provider - racking up some nice returns this year) - Tuttle Capital is now creating 2X ARKK (TARK) leverage ARKK fund ETF - Isn't there some licensing or any infringement of intellectual property? - Making a killing on her ideas - how smart is that - copycat for less fee then collect - (Indexing at its best) Bond Funds - Global investors massively cut their positions in bond and equity funds in the week ended May 18 on concerns of inflation and that rising interest rates will lead to recession. - Right into a turn of rates on the 1oyr from 3% to 2.7% - According to Refinitiv Lipper, investors exited a net $18.57 billion worth of global bond funds, marking the biggest weekly outflow since Feb. 16. - That is what you call capitulation Housing - Nope... - Not the best housing numbers - what do they expect???? - New home sales decreased 16.6% month-over-month in April to a seasonally adjusted annual rate of 591,000 units (Briefing.com consensus 750,000) from a downwardly revised 709,000 (from 763,000) in March. - On a year-over-year basis, new home sales were down 26.9%. - Ties out with NAHB (builder confidence numbers earlier in week) - Months of inventory - up to 9 from 5.6 in December 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 The CTP for Twitter (TWTR) *** 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 LIMERICKS Ryan Rediske Chair Powell was the inflation denier The markets could only grow higher Now he's raising the rates To tempt all our fates While our options all die in a fire Grade (B-) Justin Duiguid (pronounced Due-gid) The ruble is not backed by gold, That’s merely what we’ve been told! The truth about oil Would make us recoil And that keeps the sheep in the fold. Grade (F) See this week’s stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter


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