Watch for possible higher. I say 51% chances. The chances get higher if more strong bull bars coming.
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Was going to ask, but it sounded snarky at the time, now not so much, FANGS are in serious danger until it is clear Asia has gone back to work.
Retailers with no product to sell are not going to buy advertising or cloud computer space. Currently popular comment on Twitter today for getting things out of China "if it isn't on the water you aren't getting it". Check the Baltic Dry index or google for pictures of empty tankers off Singapore before you listen to Larry Kudlow etc enplane that this is not a problem.
Trades with cats wrote:Was going to ask, but it sounded snarky at the time, now not so much, FANGS are in serious danger until it is clear Asia has gone back to work.
Retailers with no product to sell are not going to buy advertising or cloud computer space. Currently popular comment on Twitter today for getting things out of China "if it isn't on the water you aren't getting it". Check the Baltic Dry index or google for pictures of empty tankers off Singapore before you listen to Larry Kudlow etc enplane that this is not a problem.
Authorities in China warn people will be punished for not returning to work as ordered
Yes I saw the return to work videos. Also saw that companies are telling people they can not afford to pay them. Going to be an interesting outcome. I will be waiting for results as I do not think words are enough in these unknown waters.