You Miss Me Yet
1.Inflation?? Another Trump Election Rally Corrects Itself….Commodities Give Back All Gains Since November.
CRB Commodities Index back to November prices….50 day thru 200day to downside.
1.Tranports…..CSX Big Day After Earnings.
Dow Jones Railroad Index 60% Rally off 2016 lows…50 day thru 200 day to upside on big volume. Not Recession like chart???
1.10 Year Treasury Yield Hits a 5 Month Low…Bond Bull Not Going Out Without a Fight.
10 Year Treasury Yield Breaks Below Channel from Post Election Rally.
1.Ford and GM have Two of the Lowest P/E’s in S&P…..TSLA +41% YTD vs. F-GM Negative…..TSLA Trading at 271x Earnings.
Ford has the fifth-lowest price/earnings ratio in the S&P 500. The absolute lowest belongs to rival General Motors, which at $34, trades for under six times projected 2017 earnings. Barron’s has written favorably on GM, including in an article earlier this year (“GM Shares Could Drive 35% Higher,” Feb. 18), when GM traded around $37.
TSLA vs. U.S. Carmakers.
TSLA Lost $675 million in 2016
Read Full Story at WSJ
1.Leading Sector in 2017 Tech Finishes Down 10 Days in a Row. XLK +8.29% YTD vs. S&P +4%
The Standard & Poor’s 500 Information Technology Index has finished lower 10 days in a row, only the fourth such streak since 1989, when daily data on the sector was first posted, according to Bespoke Investment Group.