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DHUnplugged #800: 50-50 Market

DHUnplugged #800: 50-50 Market

Episode 800 Published 3 months ago
Description

All-time highs – SP500 up 9% MTD – NAS100 even more

Balanced risk – up or down from here is evenly matched

All tech right now (Example Monday Equal Weighted up 0.33%, SP500 down 0.35%)

Worried about No More Mr. Nice Guy

The new “Blockchain” , “SPAC”, “MEME” that is pushing stocks

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Warm-Up
- HUGE MOVES - All from Tweets
- Earnings seasons - banks did goooood
-- Earnings season - carrot ahead of next week when the tech giants report (lots of bulls on this)
- A belated 420 day to all you stoners out there! Grab a gummy, come back in about 45 minutes and listen - show will be much better...
- Tariff refunds now available

Markets
- All-time highs - SP500 up 9% MTD - NAS100 even more
- Balanced risk - up or down from here is evenly matched
-- All tech right now (One day Equal Weighted up 0.33%, SP500 down 0.35%,) - Equal weight up 4.5% MTD, S&P up 9%
- Worried about No More Mr. Nice Guy ? - Seems like Trump is bored with the Iran thing...
- The new "Blockchain" , "SPAC", "MEME" that is pushing stocks

Announcing the Winner of the Closest to the Pin for NetGear...

Open /Closed
- Straits of Hormuz closed again, and again
- The brief opening allowed for a cruise ship to sneak through last week.
- Celestyal Discovery, a 1,360-guest vessel operated by Greece-based Celestyal Cruises, departed Port Rashid in Dubai, U.A.E., on April 17 at 11:36 a.m. local time, becoming the first cruise ship known to exit the strait since the crisis began earlier this year.
- No passengers aboard - aside from Captain and Crew.
- - That must have been a pretty scary passing....

OIL
- Oil hovering in the $80-$90 range for a while, now topping $100
- WTI and Brent flipped back to the normal relationship
- UAE leaving OPEC - (accounts for 12% of OPEC and 4% of global oil)
---- They need more flexibility and there seems to be a rift  with Saudi Arabia and others as they have not been protected
-- China! China to begin exporting jet fuel, diesel and gasoline - DOES THIS MEAN PRICED IN YUAN?

Economics<

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