Stocks slipped Friday but the employment report was a big and pleasant surprise.
Trump administration is out with their budget which will be dead on arrival when sent to the House of Representatives.
Crude oil drops below $50 per bbl. I expect gas will fall below $2 per gallon this week.
I had a chance to talk with one of the principals of Federal Aerospace Institute last week. I think this company has the potential to have international implications.
The jobs report confirmed that small businesses cannot expand because they can't find employees

stocks continued their rally on Thursday at a slower pace. First time jobless claims dropped, near a 50 year low.
According to a Gallup poll 90% of Americans are happy with their personal life. How will that impact the election?

Thursday, stocks added to their run yesterday. When the desire to buy stocks is combined with the liquidity to do so explosive market moves can occur.
According to Gallup "Economic Optimism" is at a 44 year high.
Tesla had a set back yesterday did we see a peak in price or is this just a pause?
You may not believe this but according to the Bureau of Economic Analysis corporate profits peaked in 2014.

Good news Wednesday, stocks and the economy deliver. Between the gains Monday and Tuesday the DOW regained almost all that was lost last Friday. Futures are surging and the credit is going to a potential treatment for coronavirus. The market rose on a potential China trade deal, now on may a virus treatment.
Tesla stock is still surging and you'll be shocked at how much Elon Musk has made since January 1st.

Tuesday, stocks bounced back yesterday and futures are up this morning.
Coronavirus cases are still rising 17,000 yesterday to 20,000 today but deaths from coronavirus are no where near deaths from regular flu.
Iowa caucus is a disaster for democrats. A technology failure.
Manufacturing is bouncing back and the State of the Union speech tonight.

It's Monday, Friday was a down day for stocks with the DOW losing 603 points (2%). As a percentage it was not a big deal.
Impeachment as a practical matter ended Friday. Now the blow back.
The Super Bowl indicator says 2020 will be a down year for stocks. The indicator has a lifetime accuracy of 75%, less for the past 2 decades.
The attached article shows how the virus is impacting China also linked is a John Hopkins web site that tracks the confirmed cases around the world. According the the web site is virus is not a major problem outside China. Also a picture of the hospital built in 10 days!!

Yesterday was turnaround Thursday. The DOW was down until 3:15 but ended up 124 points by the close.
GDP came in up 2.1% for the fourth quarter and 2.3% for 2019. Not great but better than the recession we were told was a sure thing back in the summer.
Well this is the big weekend by Monday we will know: 1) the super bowl will tell us what the stock market will do this year. 2) if impeachment is over and the result, we already know they spent a lot of money. 3) if Brexit is going to cause Great Britain to fall into the North Sea. 4) if coronavirus has peaked or is still spreading.
Relax and enjoy the weekend, Monday we'll know if the world will continue.

Thursday, stocks were up yesterday until the Federal Reserve started talking at 2pm. From then until the market closed the DOW gave up most of its gains.
Mortgage applications soared and pending home sales were up year over year.
Warren Buffett says I'm outta here to the print media.
How much economic impact will the coronavirus have on US companies?

Good news Wednesday and stocks come through. The economic reports were good yesterday. A complete run down at 6:35.
The attached article is a good lesson on be careful what you wish for or beware of politicians bearing gifts. It may not be the benefit you hope for.
"Kroger Co., the largest traditional U.S. grocery chain by revenue, plans to build as many as 20 largely automated warehouses through a partnership with the U.K.’s Ocado Group PLC. Ocado began as an online-only grocer and now also licenses its technology to supermarkets around the world," Automated grocery shopping is coming.

Stocks had a bad case of coronavirus yesterday closing down 1 1/2 %. So far futures look like there is no carry through.
Good news for Detroit from GM and for Archbold from Conagra.
Is Tesla worth more than Ford and GM combined?