|Day Low/High||58.12 / 58.99|
|52 Wk Low/High||48.22 / 63.44|
RMPIA ended January up 0.8%, but now the damage from the Wuhan virus is weighing on the future.
A recent study estimated that the world's airlines would need about 637,000 new pilots over the next two decades to meet demand.
This is one of those days when there's so much good news that it's overwhelming, and we see moves that we didn't think were possible.
Monday brought more record highs for the broader equity indices. As a trader, the feeling is so eerie. I'm not kidding.
Let's review 2019 performance of RMPIA in relation to stock indexes and see what's ahead.
Beyond an algorithmic reaction, I do not expect an overtly positive market reaction when pen is put to paper on Phase One.
Don't let Boeing's problems lead you to ignore attractive opportunities in the sector.
These funds invest in companies poised to benefit from millennial spending trends.
It's a game of chase or don't chase with the wind at the sector's back.
I think both the U.S. and China 'get' the importance of at least setting up further talks, while coming away with something immediately understood by the public as positive.
Plus, pining for the days of thoughtful price discovery in the markets.
Let's check our frequent flyer miles and the charts this afternoon.
Perhaps the greatest risk of all is that of systemic complexity, and this is as close to an unknowable risk as there is.
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.
Delta and the airlines are not the place to be in this market.
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
Take a look at Coda Octopus Group for a marine tech play, and watch as Delta Air Lines helps the Dow Transports rise.
Be careful backing Buffett right now, his biggest holdings show increasing profit pressure.
Nations will never abandon the debt super-cycle that they have created unless there is a public loss of faith in fiat.
We have to hope they are given a better chance to tell their story than they were Wednesday.
Probably more important to focus on than the FOMC Minutes on Wednesday, will be the impact of energy prices on headline March CPI.
Summer vacation is months away, but it's not too early to add these high-quality travel-related stocks to your portfolio.
Lowered expectations are the best kind of expectations and they can make for great markets.
Easing into the aircraft maker on its bad news is one way to go, as are call options expiring this Friday.