Know well whom and what it is that you serve, for that is whom you will love, and eventually become.
I will be leaving a bit early today to take Dolly to the veterinarian for her annual checkup.
The markets were rising steadily on the questioning of the new Fed chairman Jay Powell, and on the stiff action by President Trump to diminish the Consumer Financial Protection Bureau, which is a thorn in the side of the Banks. Financial stocks were certainly responding positively to this.
But the news later came out that North Korea has fired another missile, as reported by the Japanese Coast Guard, and later confirmed by the US military, and stocks fluttered a bit, but then resumed their rally led higher by the SP 500 futures and the financial stocks.
I grew tired of the exuberant prevaricators on financial television, and flipped over to the National Geographic channel to watch ‘Hitler’s Final Days’ which chronicled the last 11 months of the Third Reich. I thought it was interesting that the Berlin Philharmonic played Wagner’s Twilight of the Godsto a packed house, even as the Allies and the Soviets were closing in from both east and west. How fitting.
If anything happens to dramatically change the charts I will publish something later on. Otherwise I will true things up tomorrow.
Have a pleasant evening.
