Market Rotation continues - "Trump" stocks got boost after weekend (Biden stocks took a hit)

Risk On - Risk Off is the play (Fundamentals are not being  considered at the moment)

KRI Indicator - Doing something not done since June 2020

Earnings growth expected to continue....

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Chatroom should be back up and running....

Warm Up

- Assassination Attempts = Market Positive (for US Markets ONLY)

- ALL TIME HIGHS ACROSS THE BOARD - SMALL CAPS ON A BENDER

- Disinflation OUT - Deflation IN

- College athletes - Min Wage?

Market Update

- Market Rotation continues - "Trump" stocks got boost after weekend (Biden stocks took a hit)

- Risk On - Risk Off is the play (Fundamentals are not being  considered at the moment)

- KRI Indicator - Doing something not done since June 2020

- Earnings growth expected to continue....

- Gold at ATH - Bitcoin moving - Risk on or Worries about the future?

OH MY

- Small Caps +10% MTD , 11% YTD (Tom Lee calling for 40% move over next 12 weeks...)

- Value over Growth

- Real Estate - Builders - WOW!

--- Jump from 50 to 400+ 52 Week Highs today

----- Money coming out of Big boys - rotating and it is uneven pull/push

- KRE - Regional banks up 14% this month

----- DJIA UP BIG AGAIN - Rates holding at lower end of the range

Post Assassination Attempt (Monday Markets)

- European Markets RED across the board

- Russian Market GREEN

- China RED

- Japan RED

- US Markets GREEN

- Bitcoin and Ether - GREEN

Powell on Monday

- Markets came in as Powell -ONCE AGAIN - repeated the same mantra of not done - but looking to cut before we reach 2%

-B.O.R.I.N.G.

Trump Media

- DJT Stock: Trump Media shares surged over 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday.

- Was up 30% by end of day on Monday

China Economic Update

- China's National Bureau of Statistics on Monday said the country's second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll.

- Retail sales also missed expectations, rising by 2% year-on-year in June, versus the 3.3% forecast.

- Industrial production beat expectations up by 5.3% in June from a year ago, above the forecast 5% increase.

- Urban fixed asset investment for the first six months of the year rose by 3.9%, matching expectations.

- China's GDP grew by 5.3% year on- year in the first quarter.

KRI Indicator

- Hitting +6 and that has not happened since June 2020

- First time over +5 since Dec 2023 (pulled back a few days later, then continued its upward trajectory

- Rolled over a bit a few days later then continued its upward trajectory (BULL MARKET)

Any Surprise? Retail....

- Macy's -14.2% is sharply lower after terminating M&A talks with Arkhouse Mgmt and Brigade Capital

- Burberry, a luxury brand which trades in London, also issued a profit warning and named a new CEO.

- These developments are leading to weakness in some department store names: JWN -3%, KSS -2.7%, DDS -2.3%.

- Consumer is starting to fight  back?????

DEFLATION?

- CPI was NEGATIVE MoM

- PPI was hot and cold - depending on what number you looked at

Deflation

CPI Chart

 

Finally!

- Archegos Capital Management founder Sung Kook "Bill" Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm.

- The trial centered on the implosion of Hwang's family office Archegos,