Pencil in the Dow closing up 50 as a likely target and take the rest of the day off.
There’s damn little to drive things higher, or lower, from here so it’s hardly worth watching.
As you know, I have an odd way of looking at markets. I look at an Aggregate. Usually, it’s a pretty exciting way to play. But, even this is causing no end of boredom.
We are in a sideways move that could last who knows how long.
In the meantime, though, note that there is a much higher level off to the left and until old highs from earlier this year are all broken, we can’t get too excited about getting bullish.
Yet, until our Aggregate falls below the present trend channel, we can’t get too bullish, either. So we pop NoDoz or swill spoon-melting coffee and wait.
With Richmond Fed numbers due out at 10, we don’t see much happening there.
I’ll be using the day to get the air conditioning checked on the truck, get a state inspection done, and maybe pick up stamps at the Post Office. Is that exciting, or what?
SECOND Spy in Trump Camp?
When in Doubt, Be a Smart-Ass
I don’t mean like Jimmy Drivvel and the late-night Trump bashers… I’m talking useful smart-ass.
Take the story China, U.S. near deal on ZTE reprieve; Beijing cuts auto tariffs. This teaches us that despite what Schumer and the Bashocrats are selling, that Donald Trump is not trying to burn down the world. He’s a public negotiator…something the dem’s have no concept of.
Still, the trade deals are still up in the air as we read how “Russia and Japan warn U.S. of $1 billion in tariff retaliation.”
Then we have the Atlantic trade dance in how Trump wants more from EU to lift tariffs: EU trade chief.
Let’s all get our Kleenex out and wring hands together, shall we?
ICE Raid Leaker Warning
This as the crooked open-border people are trying to tear America apart non-stop by importing violent filth. What we need to do is start putting liberal strongholds on maps and dropping them along the border so the MS-13 types can find them instead of middle America. Go to the snowflake ‘hoods.
I’m just sure they’d be welcomed, yah?
RINO Tracker Note
Life Goes On Dept.
A story on Business Wire caught our eye today: U.S. Boating Industry Prepares for Busy Summer Season With Sales at a 10-Year High. We have to wonder how many jerk-off degrees in history have been issued to kids who now regret not going to an outboard mechanics program for 20% of the cost and a lot higher per hour?
Speaking of history: New controversial idea about Stonehenge has archaeologists shaking their heads. The idea? The advancing Ice Sheet waaay back when moved the massive stones to the plain of Stonehenge where they merely needed moving and erecting.
It’s nonsensical, there’s virtually no evidence for it, yet here we go with what smells like pseudoscience to us. It’s simply unhenged.
Social Meda Wrecking the World?
We won’t expect anything but softball questions as Facebook’s Zuckerberg faces EU Parliament grilling.
Grilling? Hardly be the term; if you had a steak that got grilled like some of the world’s liberals, it would still “moo.”
Good Fox report on how 25 percent of Americans haven’t visited iconic landmarks in their own cities, study finds.
Even here in the Outback, we haven’t yet taken the steam train ride in Palestine, Texas. Seems like something always comes up. We;re still considered newcomers to Texas only having been here 15-years now…
In the $8,200 area. Maybe it will move one of these days – we are watching it – and the stocks – to see which one will blast one way, or the other, first…
We tend to jot this kind of thing down as a weather variance, not the end of the world.
But, then again, we’re not selling anything.
Note to Our Jakarta Bureau
Hey, Bernard! Wake up: Indonesia Orders Evacuations as the Volatile Mount Merapi Erupts.
Given the nature of Hawaii, seems like something to keep an eye on.
By the way, Bernard’s got a dandy article on his site “Deep Throat vs. Q” that’s pretty good.
When he’s not sending memos to us about the adventures in everything from high street theater to gold mining in the jungles, he’s developed a nice clear view of how nuts America is. Easier to do the further you get from the asylum.
Screw Being PC
We don’t know how this story could possibly happen while we’re turning into a nation of a thousand genders, but here you go: “Miss Nebraska Beats 50 Competitors to be Crowned Miss USA.”
How dare you click that link, lol. Shame, shame…oh hell, go for it. We don’t report people.
We’re still stuck on where “non-binary” people come from…and if genuinely non-binary, how their plumbing works. Evaporator systems, perhaps?