What You missed LAST Week
What You missed LAST Week
BULL
MARKET ACTION on CLOSE NOT IN CHARTS
February 11—15, 2019 There should be a giant question mark floating above this
week’s Economic Calendar, given all the agencies working to compile data since the
Federal Gov’t partial shutdown. And the data being released, is sometimes November
data, when December of January would normally be on tap. Frustrating enough for data to be
a bit moldy when it arrives on time, it’s all but worthless when it’s delayed by
a month or two. And maybe it’s just me but it isn’t hard to imagine some workers
at these Federal agencies, urged to break their backs to getting delayed data ready,
sitting around wondering ‘why bother?,’ when Trump might only shut them down
again, this Friday, the 15th.
Nonetheless, if things proceed on plan, Wednesday should bring the US Jan. Consumer Price
Index, Thursday Jan. Producer Prices and Final Demand, while both Jan Retail Sales &
Nov Business Inventories are under the shadow of that enormous question mark, though
Retail Sales is supposed to arrive, Inventories questionable. Note, also, how little
Treasury issuance is expected, at the same time there’s an abundance of Fed speakers.
Fed’s George, a former hawk, is sounding more hawkish again. Her position may seem
more reasonable when the Fed’s JOLTS release arrives Tuesday, many hours prior to her
Kansas City speech, just as the January Unemployment Report at 304K jobs added in January
must have made Jerome Powell’s cheeks turn crimson, right after he pivoted to dove
from hawk. Fed’s Mester speaks Tuesday, also, even later in the evening than George,
and again on Wednesday. Likewise, Fed’s Bostic & Harker speak, separately, on
Wednesday, also, Bostic in Ireland. In addition to his economic outlook speech on
Wednesday, Harker speaks again on Thursday, though the topic of ‘Leadership’
doesn’t sound conducive, at first glance, to opinions on rate hikes. But if
Harker’s view on ‘leadership’ includes the strength of leadership to hike
rates in the face of the President and markets urging you to back off, then, he could turn
the topic into a treatise on rate hikes. Conversely, San Francisco Fed Pres. Daly, Friday,
could well include her views on rate hikes in her speech at the Economic Forecast
Conference, since any view that includes faster growth, labor shortages that push up
wages, or tariffs forcing companies to pass along higher prices could all feed into a
hawkish view on interest rates. While the FOMC doesn’t meet this month, at all, this
week, alone, the central banks of New Zealand, Sweden, and Norway all are scheduled for
monetary policy meetings. Granted, none are as influential as the Bk of England’s
meeting last week but, then, Parliament’s debate on P.M. May’s Brexit deal,
Friday, is key, just as the possible partial US government shutdown, that day, is too.
Which brings us to the Earnings Calendar, voluminous, if nothing else. And there are a few
key technology companies expected to report, including Activision Blizzard, Akamai,
Groupon, Twilio, NetApp, Applied Materials, Arris Networks, Cisco Systems, Equinix, CME,
LogMeIn, Nice Systems, nVidia, Zebra Technologies, and Yandex. Don’t agree that CME
is a technology company? I’ll be happy to debate the point, anytime.
In addition, the Earnings Calendar is spotted with homebuilders, healthcare providers, a
few large REITs, hoteliers, 2 large mattress companies, along with the first earnings
report as a public company of Yeti, if my memory serves me. Berkshire Hathaway hasn’t
reported, yet but, like all public companies gets extra time to prepare its annual report.
Last year, that report was delivered on Feb. 24th. This year? There’s
nothing on Berkshire’s website to suggest what day it will arrive but I’d use
the year ago date as a guide, and expect it on the 22nd, after the market
closes, rather than this Friday. It is always, though, surprising to me that a man who
advocates for simplicity, manages to produce a 148 page annual report. Then, again,
Buffett loves dividends, except when it comes to Berkshire Hathaway paying out any.
Which brings us to the Event Calendar, with investment banks creeping back into the
schedule. Credit Suisse happens to wear the I-bank crown this week, for its Energy
Conference, which started Sunday evening, in Vail Colorado, and its Financial Services
Forum, which starts Monday, in Miami Beach—a good winter for southern meetings, given
the frigid arctic vortex which has swept the country—not to mention day-time temps
near mid-70’s to low-80’s predicted for this entire week, in Southern Florida.
Stifel is hosting a Biopharma Ski Summit in Park City Utah, starting Monday, when the
annual BIO CEO & Investor Conference starts in NY. Not great timing. Barclays is
hosting Industrial Select, also in Miami Beach, starting Tuesday, while Goldman Sachs
hosts Technology & Internet, in San Francisco. Morgan Stanley is hosting Chemicals
& Agriculture Corporate Access Day, Thursday, when KBW is hosting Financial Services
in Boca Raton FL, even as BMO Capital hosts Auto Financial Forum, in toronto.
It’s the season for agricultural expos, two big ones starting Tuesday in Tulare
California & Des Moines Iowa, even as Poultry, Feed, and even Pet Food takeover the
Atlanta convention center. Note John Deere’s earnings report scheduled for Friday.
Other big industry events include New York Women’s Fashion Week, which will tie up
traffic all week. The Mortgage Bankers’ Ass’n hosts a CREF (Commercial Real
Estate Finance) Multifamily Housing Convention, so big UBS is hosting the convention
reception. The IAB—Internet Ad Bureau hosts is Annual Leadership Meeting, HIMSS is
the Annual Healthcare IT Conference, at which Citi hosts meetings. The NBAA Business
Aircraft Leadership Conference used to be more Textron & General Dynamics than Boeing
but with Boeing’s partnership with Embraer, it’s now a bigger player in the
business airplane market than it used to be. Also of note, Womens Wear Daily’s Beauty
Forum (after Estee Lauder and Coty were post-earnings stars, last week), NASS, the spine
organization Summit, AFCEA West, starting Wednesday, and the American Academy the
Advancement of Science (AAAS) Annual meeting, starting Thursday, and the New York
International Toy Fair, in NY, none as big as BIO, as mentioned earlier, for attracting
analysts and investors.
Markets that open down but finish up, as they did last week, is said to be classic bull
market activity. However, after 7 weeks rallying, the charts don’t look as bullish as
they should. In fact, there aren’t many bullish charts, at all, which is quite
troubling. Some that look the most positive, like retail REITs, haven’t noticed that
the bull market in retailers ended with Macy*s’ warning back in early January. Then,
there’s the action is Amazon, itself, arguably the fastest growing large retailer in
the world. After hitting an all time high above $2k p/share, and momentarily ranking as
the largest market cap stock in the world, it’s trading more 22.0% below that all
time high, looking anything but bullish. But, at a still very healthy 25.0% above its
52-week low, there are probably many computers programmed to light up—perhaps to rush
into activity--when its decline equals exactly 50.0% of the gain--the 50.0% mark a
standard retracement in technical analysis. Then, again, if you’re looking for a
bullish leaning chart, gold might qualify, even without the inflation that usually
triggers the metal’s gain. So much for the gold replacement bitcoin was supposed to
be. Gold, instead, is looking shinier. Please don’t ignore the less than bullish
charts that suggest the post-Christmas rally, for now, isn’t all it’s cracked up
to be, yet not exactly hinting at imminent selling, either. Such indecision suggests
caution, rather than throwing caution to the wind--at least not until the 200 day moving
average is exceeded on a closing basis, and confirmed 2--5 days later.
ECONOMIC: (Highlights, only, below. Full International Economic Calendar here)
SUNDAY, 02/10
OVERNIGHT into US Mon. a.m. et:
China Jan New Yuan Loans, Aggregate
Financing, Foreign Direct Investment
UK 18Q4 GDP, Total Business Investment, Private
Consumption, Government Spending
MBA US 18Q4 Mortgage Delinquencies/Foreclosures
MONDAY, 02/11
US Revisions to Trailing 12-month CPI (If available)
Canada Trade Balance
US Treasury Auctions $45B 3-, & $39B 6-month Bills
Japan Holiday—National Founding Day
OVERNIGHT into US Tues. a.m. et:
New Zealand Jan Card Spending
Aussie Dec Home Loans, NAB Jan Biz
Conditions/Confidence
TUESDAY, 02/12
US Revisions to Trailing PPI (If Available)
NFIB Small Business Optimism Index (6am et)
Fed’s Dec JOLTS (Job Openings & Turnover/Quits)
Fed’s George on "Charting America’s Economic Course" @ K.C. Public
Library (5:30pm et)
Fed’s Mester on eco outlook & monetary policy @Xavier Univ & Financial
Execs Int’l Cincinnati Chapter (OH 6:30pm et)
OVERNIGHT into US wed. a.m. et:
RBNZ (New Zealand) MPC Rate Decision, Official
Cash Rate (13th local time)
UK Jan CPI, Retail Price index, PPI, House
Price Index
Riksbank (Sweden) MPC rate Decision &
Policy Statement (13th local time)
IEA Monthly Report
WEDNESDAY 02/13
MBA weekly Mortgage/Refinance Applications
Fed’s Bostic on Eco Outlook & Monetary Policy @ European Financial Forum
(Dublin Ireland 7:15am et)
Canada Teranet/Nat’l Bank Jan Home Price Index
US Jan CPI (8:30am et)
Fed’s Mester "A View from the Federal Reserve" @ "what’s
Next for Kentucky in the Global Economy" hosted by U of KY Galton College of Business
& Economics (8:50am et)
Atlanta Fed Business Inflation Expectations
Sprint’s Claure & T-Mobile’s Legere (S/TMUS) testify on merger @ US
House
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et w/e 02/08)
Fed’s Harker on Eco Outllook @ Jewish Business Network Power Lunch
(Philadelphia)
US Monthly Treasury Budget (2pm et)
OVERNIGHT into US Thurs. a.m. et:
Japan 18Q4 GDP/PrivateConsumption/Business
Spending
China Jan Trade Balance
UK RICS House Price Balance
French 18Q4 Unemployment
German 18Q4 GDP
Eurozone 18Q4 Unemployment, GDP
UK probable parliamentary debate on Brexit
terms, amendments proposed
THURSDAY, 02/14
US weekly Jobless Claims
US Jan PPI—FD (8:30am et)
Dec US Retail Sales (delayed by shutdown)
Nov US Business Inventories (10am et shutdown delayed)
EIA weekly Natural Gas Report (w/e 02/08)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-wk & 8-wk Bills (11:30am et)
Fed’s Harker "Approaches to Leadership" @ 3rd Lerner MBA
Student Ass’n Conf (Newark DE)
Fed Reserve Bk weekly Balance Sheet & US Money Supply (4:30pm et)
OVERNIGHT into US Fri. a.m. et:
29th Australian & New
Zealand Econometric Study Grp Meeting (to 15th Wellington)
RBA’s Kent speaks (Melbourne)
Norsk (Norway) Gov Olsen Annual
Policy/Sovereign Wealth Fund Address (Oslo)
China’s BoP 18Q4 Current Account
Balance, Jan CPI & PPI
EU 25 Jan New Car Registrations
UK Jan Retail Sales
FRIDAY, 02/15
Empire State Feb Manufacturing Survey (8:30am et)
US Jan Import/Export Prices
Canada Jan Existing Home Sales
US Jan Industrial Production/Capacity Utilization (9:15am et)
Fed’s Bostic on "Workforce Development" @ Public Affairs Research
Council of Alabama w/Q&A (Birminghan AL 9:55am et)
U.M. (P) Feb. Consumer Sentiment (10am et)
ECB’s Coeure @ C. Peter McCollough Series on Int’l Economics from Council
of Foreign Relations (NY)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed’s Daly speaks @ Economic Forecast Conference (1:15pm et)
US Dec TICS
Possible US Gov’t Shutdown, again, as funding that restarted the govt’ was for 3
weeks, ending today at midnight
WEEKS AHEAD: 02/20 FOMC Jan 29—30
Meeting Minutes
02/22 Fed’s Bullard panelist on "The Future of the Federal Reserve Balance
Sheet" @ U of Chicago Booth School of Business Initiative on global Markets
(more here)
EARNINGS: (We no longer separate pre-Market from after
market reports because it took too long. We cover only the major money center banks and
largest regionals, others omitted. "???" after a ticker means we saw it listed
as a reporter in multiple places but couldn’t confirm the date—many times, of
late, because we refuse to permit cookies at every site we visit—and it
shouldn’t be required to visit IR sites, at all. If a company didn’t confirm by
noon, Thursday, Feb. 07, it isn’t included. We ignore "the" in a corporate
name unless it’s integral to the ticker. In most cases, it isn’t. Emboldened
stocks are not recommended, or even stocks we’re personally interest
in—they’re simply those results to which we think the market and/or media will
pay most attention.)
MONDAY, 02/11: AIN, ALX, AMKR, ARGO, AVNW, BIDU????, BRX, BRKR, CHGG, CNA, CMP,
DCP, DO, EARN, RE, FMC, GPRE, GPP, NSP, KMPR, LTHM, L, MOH, NEW, OHI,
OMF, RNG, SBLK, VRNS, VECO, VNO, WB???
TUESDAY, 02/12: ATVI, AYR, AKAM, AAT, AQ, ACGL, ARCC, ARRS???, AIZ, BXMT,
BFAM, CNO, DENN, DEI, EXEL, FIS, FSP, GRPN, HUBS, HUN, IMI, IPGP,
IRTC, ISR, JCOM, JLL, KRNT, LSCC, LRAD, MLM, MDSO, TAP, MPWR, NNN, NP, NRZ, OMC,
OXY, ONDK, ORBK???, QLYS, QOT, RDCM, RM, RPAI, REXR, SABR, SHOP, SPSC, SHO, TEVA,
TRIP, TWLO, UDR, UAA, UIS, USFD, WEC, WELL
WEDNESDAY 02/13: AKR, ACCO, AB, ANDE, NLY, AMGP, AM, AR, ARI, ASGN, AVLR,
BAND, BKI, BCOV, BKD, CBZ, CBRE, FUN, CTL, CEVA, ECOM, CRL, CHEF, CIM, CSCO,
CFX, CXP, CPA, CSOD, CRTO, CRY, DVA, DBD, DIOD, NPO, EQIX, EQC, FRT,
FNF, FR, FLIR, FORR, FOSL, FCPT, GLPI, GOOD, GPN, HCP, HR, HLT, H,
NGVT, IFF, IPG, IVC, IRWD, KELYA, LPI, LAD, LPX, MFC, MRO,
MMLP, MGM, NTAP, BABY, NTWK, NUS, OII, PGRE, PEI, PPC, PXD,
PS, PGR, QTWO, QDEL, RYAM, REG, RUSHA, SNBR, STAG, SPWR, TCO, TMHC,
TRUP, VNDA, WMB YELP
THURSDAY, 02/14: AAN, ACOR, AER, AGIO, ALE AEE, AIG, AMN, AMAT,
ARCH, ARES, ANET, AVP, BGCP, BLMN, BCOR, BWA, CBS, GTLS, CC, CBB, CME,
KO, CCEP, CGNX, CVA, CYBR, DUK, ELLI, EPAM, EQT, EQM, GLOG, GNRC,
GEO, GLOB, HTA, HOS, HPP, HII, INCY, NSIT, INVH, IQV, IRM, KHC???,
LECO, LOGM, MANU, MRIN, MERC, MGP, MRC, NICE, DNOW, NVDA, PBF,
PBFX, PDFS, POOL, PPL, PRTA, DGX, R, STNG, SXT, SIX, SON, SPXC, SSNC, STFC,
TLND, TPX, TRU, THS, TREX, TNET, USG, VMC, WRE, WM,
WSO, WST, WGP, WES, WLH, XPO, YETI, ZBRA, ZTS
FRIDAY, 02/15: AXL, CHH, CPSI, DAN, DE, GFI???, GRVY, HE, TYPE, MCO,
NWL, ZEUS, PEP, POR, WBC, YNDX
EVENTS:
CONTINUING SUNDAY, 02/10
New York Women’s Fashion Week (NY thru 15th)
Pri-Med South (Ft Lauderdale FL)
WDS Forum Women’s Dermatologic Society (Dallas TX)
11th JCA-AACR Jt Sp. Conf. on Latest Advances in Hematological Cancer
Research (Maui HI thru 12th)
Whistler Capital Conference (Whistler BC Canada)
51st Chicagoland RV/Van Boat Show (Chicago IL)
Chinese New Year Celebrations (China, HK, Tawian thru 12th)
Comcast (CMCSA) NBCUniversal tough comps against yr ago Pyeongchang, So Korea
Winter Olympics (thru 25th)
143rd Westminster Dog Show (NY thru 11th on CNBC & USA)
AT&T (T) Pebble Beach Nat’l Pro-Am (Pebble Beach CA)
STARTING SUNDAY, 02/10
Credit Suisse 24th Annual Energy Summit (Vail CO thru 13th)
IAB--Internet Ad Bureau Annual Leadership Mtg (Phoenix AZ thru 12th)
Inside ETFs (Hollywood FL thru 13th)
ABA Wealth Management & Trust Conference (San Francisco CA thru 12th)
MBA’s CREF (Commercial R.E. Finance) Multifamily Housing
Convention/Expo (San Diego CA thru 13th)
World Mail & Express Americas Conference (Miami FL thru 12th)
ABA NCCB Nat’l Conference for Community Bankers (San Diego thru 13th)
Keystone Obesity & Adipose Tissue Biology (Banff-Alberta Canada thru 14th)
NARUC (Regulatory Utilities Commissioners) Winter Mtgs (D.C. thru 13th)
TDWI World Conference (Las Vegas NV thru 15th)
60th Grammy Awards hosted by Alicia Keys, on CBS TV [CBS])
MONDAY, 02/11
Credit Suisse 20th Financial Services Forum (Miami Beach FL thru 13th)
BIO CEO & Investor Conference (NY thru 12th)
Stifel Biopharma Ski Summit (Park City UT thru 14th)
Wolfe Research Multi-industry MN trip to EMR, MMM, PNR, FAST (thru 12th)
NAPE No. Am. Prospect Expo (Houston TX thru 15th)
ROTH @ NAPE Summit (Houston thru 14th)
Raymond James Telecom Policy Symposium (D.C.)
UBS MBA Commercial Real Estate Finance Conference Reception (San Diego)
PNAA Pacific Northwest Aerospace Alliance (Seattle WA thru 14th)
ROTH @ BIO CEO & Investor Conference (NY thru 12)
Citi Hosted Meetings @ HIMSS Healthcare IT Conference (Orlando thru 15th)
HIMSS Annual Healthcare Technology & Business Conference (Orlando thru 15th)
Kidscreen Summit (Miami Beach FL)
Super Return US West (Los Angeles CA thru 13th)
TPE 19 Int’l Tobacco Outlets Expo (Las Vegas thru 13th)
Citi Internet & FinTech Investor Trip (Bangalore India thru 12th)
Citi India Financials Investor Trip (Mumbai India thru 12th)
Norfolk Southern (NSC) investor/financial analyst day (Atlanta)
Sainsbury-ASDA (WMT) Merger could get UK Competition & Markets Authority
approval
Sempre (SRE) CFO roadshow with Wolfe Research (Boston & NY thru 12th)
TUESDAY, 02/12
Barclays Industrial Select Conference (Miami Beach FL thru 20th)
Goldman Sachs Technology & Internet Conference (San Francisco thru 14th)
Stephens Gulf Coast Bank Trip to ABCB, CSFL. IBKC. HWC, and SBCF Analyst Day
NBAA Business Aircraft Leadership Conference (Austin TX)
Pet Food Conference @ IPPetxpo (Atlanta)
R. W, Baird Private Company Technology & Services Conference (NY thru 13th)
Wildcatter’s Ball @ NAPE Summit (Houston)
Agribusiness Showcase & Conference (Des Moines IA thru 13th)
World Ag Expo (Tulare CA thru 14th)
IPEE int’l Feed Production & Processing Expo (Atlanta thru 14th)
IPPE Int’l Poultry Production & Processing Expo (Atlanta)
11th Nuclear Deterrence Summit Pentagon City VA thru 14th)
Platts 18th LNG Liquified Natural Gas Conference (Houston TX thru 13th)
Startup Grind Global Conference (Silicon Valley CA thru 13th)
IBM (IBM) THINK 2019 (San Francisco thru 15th)
(JNJ)’s Janssen NDA 211243, esketamine 28mg single use nasal spray w/device is
before the FDA Psychopharmacologic Drugs & Drug Safety & Risk Mngmnt AdCom
for treating resistant depression
FDA Obstetrics & Gynecology Devices panel reviews safety & effectiveness of
mesh to treat pelvic organ prolapse. (After many surgical mesh products were recalled)
Blackbaud Inc (BLKB) marketing w/Stephens (Houston & Kansas City thru 13th)
Broadridge Financial Solutions (BR) NDR w/Wolfe Research (Boston)
Olin Corp (OLN) Investor Day (NY)
Universal Stainless & Alloy Products (USAP) meetings w/CL King clients
(NYC-Boston thru 13th)
World Wrestling Entertainment (WWE) NDR lunch with Wolfe Research clients (NY)
WEDNESDAY 02/13
SIFMA Asset Management Derivatives Forum (Laguna Beach CA thru 15th)
WWD Digital Beauty Forum (NY)
NASS Spine Evidence & Technology Summit (Park City UT thru 16th)
AFCEA West (San Diego thru 15th)
NAMIC: Mutual Insurance Co Claims Conference (Phoenix AZ thru 15th)
Forum LED Europe Show/Expo (Lyon FR thru 15th)
Citi Internet & FinTech Investor Trip (Mumbai India thru 14th)
argenix SE (ARGX) NDR marketing with Wolfe Research (NY)
Lowe’s (LOW) National Hiring Day seeking 50k season associates full &
part-time
Pfizer (PFE) NDR roadshow w/Strategas ((Philadelphia)
Sprint (S) + T-Mobile (TMUS) merger hearings @ US House Jt Energy/Commerce &
Judiciary Cmtes
Xcel Energy (XEL) fireside chat w/Wolfe Research (2pm et)
FILM OPENING: "Isn’t It Romantic" with Rebel Wilson, Liam
Helmsworth, Priyanka Copra, from Warner Bros (T), then moves to Netflix (NFLX) on
2/28.
THURSDAY, 02/14
Morgan Stanley Chemicals & Agriculture Corporate Access Day (NY)
KBW Winter Financial Services Conference (Boca Raton FL thru 15th)
BMO Capital 2019 Auto Finance Forum (Toronto)
Gastroenterology & Hepatology Symposium (Ft Lauderdale thru 16th)
AAAS Am. Academy for Advancement of Science (D.C. thru 17th)
Genitourinary Cancers Symposium (San Francisco thru 16th)
European Society of Sexual Medicine (Ljubijana Slovenia thru 16th)
Valentine’s Day—cards, flowers, chocolates, restaurant reservations
Miami International Boat Show (Miami FL thru 18th)
FILM OPENING: "Alita: Battle Angel," one of the most hyped movies in
recent years, with Rosa Salazar, Christoph Waltz, Jennifer Connelly, Mahershala Ali,
co-written by James Cameron, directed by Robert Rodriquez, from 20th Century Fox (FOXA).
FRIDAY, 02/15
NENPA New England Newspaper Convention (Boston thru16th)
Texas Adolescent & Young Adult Oncology Conference (Ft Worth TX thru 16th)
TOTY Toy & Game of the Year (announced In NY @ Int’l Toy Fair)
Stephens Credit Card & FinTech expert call with Deserve CEO/partner wi/SLM (11am
ct)
London Women’s Fashion Week (London thru 19th)
EORTC Impact of Microbiome on Cancer Growth & Therapy (Munich Germany thru 16th)
Hasbro (HAS) Analyst Meeting at NY Interntional Toy Fair (8am est)
Mattel (MAT) Analyst Meeting @ NY International Toy (1:30pm est)
NBA (Basketball) All-Star Weekend (Charlotte NC thru 17th)
FILMS OPENING: "Fighting with My Family," w/Dwayne (The Rock) Johnson,
Florence Pugh, Lena Headey, in this case, the fighting wrestling, with kids who hope to
join WWE, written by Stephen Merchant, distributed worldwide by MGM Films, which bid
$17.5m for it. (On TV, 02/06, "The Accountant," with Dwayne Johnson & Kevin
Hart, produced by pre-Treas. Sec’y Steve Mnuchin, demonstrating his poor taste.) "Happy
Death Day 2U," the Blumhouse sequel to the original slasher film plays on
"Groundhog Day," a woman who keeps getting killed and repeatedly wakes up the
day prior to her death.
SATURDAY, 02/16
International Toy Fair NY (thru 19th)
SPIE Medical Imaging (San Diego CA thru 21st)
Walt Disney (DIS) debuted "Black Panther" 1-yr ago putting a hole in this
year’s studio finances
Mardi Gras starts worldwide (thru 03/05) EARLIER 2019 OUTLOOK EXCERPTS HERE
© Sandi Lynne 2019 Nothing contained in this commentary should be construed as a
recommendation to buy or sell any security. The opinions expressed are the authors, alone,
and should be just one factor in more complete due
diligence.
Enjoy last week's highlights. I'm retired, now, and prepare what I like, when I want,
Regards
Sandi Lynne
(c) 1998--2019
Sandi Lynne