In today’s briefing:
- Elon V. Twitter: Elon Caved…For Sure…Maybe
- We are Not Crashing, It’s Just Volatile
- 85: Watchlist Update: Adding Sherwin-Williams
Elon V. Twitter: Elon Caved…For Sure…Maybe
- Elon to Judge: Twitter Lies! Twitter is a fraudster! I am NOT buying Twitter!
- Also Elon: Never mind. Carry on. Twitter: Riiiight. We’ll see.
- Elon’s Bankers: WUT? WE HAVE TO SELL “CCC” LBP BONDS NO ONE WANTS TO BUY?
We are Not Crashing, It’s Just Volatile
- Listening to sentiment alone would lead investors to believe we are 50% down on the S&P 500 and we have another 50% to go.
- But, this simply is not true. When benchmarking the markets recent price action by sector, this bear market, on a technical basis, has the hall marks of every market bottom since 2000.
- Recollecting Howard Marks book, “Mastering the Market Cycle”, there was a particular part that was of importance.
85: Watchlist Update: Adding Sherwin-Williams
- Sherwin-Williams continues the home improvement theme started last month by Home Depot and Lowe’s (HD, LOW | Disclosure: None).
- SHW is the dominant player in the architectural coatings industry.
- The scientific-sounding industry classification translates into paint for the interior and exterior of buildings.
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