|Day Low/High||193.43 / 199.90|
|52 Wk Low/High||142.01 / 230.99|
I don't think any of the takeaways have to do with the political mess in Iowa, nor the 'State of the Union' address scheduled for Tuesday night.
Does such a large increase in Chinese spending on U.S. 'stuff' give reason to doubt that future action lives up to words on a page (or 86 pages for that matter)?
Apparently, unless the Iranian military simply does not train on their weapons, which I do not believe, the exercise was one of saving face... for now.
You asked for it, so here it is: This is where to put your money if the conflict with Iran gets out of control.
If you've ever read me, you know that I have long been involved with almost all of these defense stocks at one time or another.
A close back above $200 should be a sign to go long.
Markets are watching what Fed Chair Powell will signal for future rate cuts during this afternoon's FOMC rate decision.
The U.S. economy may see a real lift-off in consumer prices due to higher energy prices, even if certain sectors stand to benefit greatly -- as might the trade deficit.
That the market didn't plummet following the strikes on Saudi oil facilities shows big differences in our economy and reliance on foreign oil compared with just a decade ago.
Algorithmic traders, along with the Chinese and the Saudis, will feel the outcome of the oil attacks.
These stocks and sectors are safe havens, and may even be opportunities.
Military contractor could rally higher, but the 'shake out' in early July gives reason to be cautious and longs should consider raising sell stops to a close below $185.