Saturday, June 29, 2019

Best Month...


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Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations.
The Dow Jones Industrial Average rallied 7.2% this month, notching its best June performance since 1938, when it surged 24.3%. Caterpillar, Apple and Goldman Sachs drove the Dow's gains in June, rallying more than 12% each.

The S&P 500 posted its best first half of a year since 1997, soaring 17.3% and reaching an all-time high. All 11 of the S&P 500 sectors rose in the first half of the year, with tech rising more than 26% to lead the gains. Energy was the market's laggard in the first half, rising just 7.1%.
The VanEck Vector Semiconductor ETF (SMH)  one of the most widely followed ETFs for chip stocks skyrocketed more than 12% in June, notching its biggest one-month gain since September 2010.

Friday, June 28, 2019

Protest...


Image result for bernie sanders


Recent Iowa polls show Sanders at about 15%, essentially in a three-person race for second place with Senator Elizabeth Warren and South Bend Mayor Pete Buttigieg. That’s for a candidate who won half the vote there in 2016.

And while Sanders is faring somewhat better nationally, that’s mainly because almost all the other candidates remain unknown to voters. Only about 8% of Democrats say they’re definitely supporting Sanders. In other words, it’s entirely plausible that Sanders could fail to reach the delegate threshold in Iowa, Nevada, and South Carolina. Even if he stayed in, he probably wouldn’t be much of a factor.

What happened to the 43% of the vote he received in primaries and caucuses in 2016? Only a fraction of those votes came from dedicated Sanders fans, that is, people who really thought he should be president. Some of those voters wanted to push the party in a more liberal direction. Some thought they could send Hillary Clinton a message. Some just disliked Clinton. In short, it was clear at the time that a lot of Sanders votes were protest votes, and everything so far in 2020 confirms that he simply doesn’t have that many dedicated supporters. 
Just a thought.

Illusion...

Rio Grande...


We need to tax every body now, rich and poor, for the new "Free things" to give. Make no mistake about it, with all these promises the poor will be poor forever.