Trends With Friends - The Markets Were Open

Good Saturday morning…

Ellen and I are in Coronado for a few days and just had a morning run on the beach. We are lucky.

I want to thank the hundreds of people that responded to me from my post yesterday and those that shared it far and wide. I did not know I had so many Muslim and Christian followers that would chime in with well wishes for Jews and Israel. It was a joy to share them with Ellen, Rachel, Max and the Social Leverage team.

Because my job is about reading, writing and mostly sitting in front of a desktop computer, I did work this week.

we did decide to take the week off ‘Trends With Friends’ show with Phil and JC as you can hear us chat about the markets anytime and we can pick up next week.

But, unlike 9/11 when US markets closed after the terrorist attacks, the global markets stayed open.

I will share three charts that stood out to me as the week closed…

1. Like my own mood, markets are heavy:

2. The most important stocks/companies need to show their strength…

3. The Big 7 look to me like they will keep getting bigger despite the FTC not letting them do major acquisitions….meanwhile Exxon gets approved to do $60 billion acquisition…

4. Maybe…just maybe…bonds are bottoming…thanks Chris Kimble. Chris came on my ‘Panic’ podcast in December 2020 and argued that bonds had topped one of the best calls ever on my podcast.

Best wishes to those in harms way this weekend.