DHUnplugged #710: All-In Market

Market Rotation continues - "Trump" stocks got boost after weekend (Biden stocks took a hit) Risk On - Risk Off is the play (Fundamentals are not being  considered at the moment) KRI Indicator - Doing something not done since June 2020 Earnings growth expected to continue.... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Chatroom should be back up and running.... Warm Up - Assassination Attempts = Market Positive (for US Markets ONLY) - ALL TIME HIGHS ACROSS THE BOARD - SMALL CAPS ON A BENDER - Disinflation OUT - Deflation IN - College athletes - Min Wage? Market Update - Market Rotation continues - "Trump" stocks got boost after weekend (Biden stocks took a hit) - Risk On - Risk Off is the play (Fundamentals are not being  considered at the moment) - KRI Indicator - Doing something not done since June 2020 - Earnings growth expected to continue.... - Gold at ATH - Bitcoin moving - Risk on or Worries about the future? OH MY - Small Caps +10% MTD , 11% YTD (Tom Lee calling for 40% move over next 12 weeks...) - Value over Growth - Real Estate - Builders - WOW! --- Jump from 50 to 400+ 52 Week Highs today ----- Money coming out of Big boys - rotating and it is uneven pull/push - KRE - Regional banks up 14% this month ----- DJIA UP BIG AGAIN - Rates holding at lower end of the range Post Assassination Attempt (Monday Markets) - European Markets RED across the board - Russian Market GREEN - China RED - Japan RED - US Markets GREEN - Bitcoin and Ether - GREEN Powell on Monday - Markets came in as Powell -ONCE AGAIN - repeated the same mantra of not done - but looking to cut before we reach 2% -B.O.R.I.N.G. Trump Media - DJT Stock: Trump Media shares surged over 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday. - Was up 30% by end of day on Monday China Economic Update - China's National Bureau of Statistics on Monday said the country's second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll. - Retail sales also missed expectations, rising by 2% year-on-year in June, versus the 3.3% forecast. - Industrial production beat expectations up by 5.3% in June from a year ago, above the forecast 5% increase. - Urban fixed asset investment for the first six months of the year rose by 3.9%, matching expectations. - China's GDP grew by 5.3% year on- year in the first quarter. KRI Indicator - Hitting +6 and that has not happened since June 2020 - First time over +5 since Dec 2023 (pulled back a few days later, then continued its upward trajectory - Rolled over a bit a few days later then continued its upward trajectory (BULL MARKET) Any Surprise? Retail.... - Macy's -14.2% is sharply lower after terminating M&A talks with Arkhouse Mgmt and Brigade Capital - Burberry, a luxury brand which trades in London, also issued a profit warning and named a new CEO. - These developments are leading to weakness in some department store names: JWN -3%, KSS -2.7%, DDS -2.3%. - Consumer is starting to fight  back????? DEFLATION? - CPI was NEGATIVE MoM - PPI was hot and cold - depending on what number you looked at Deflation CPI Chart   Finally! - Archegos Capital Management founder Sung Kook "Bill" Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm. - The trial centered on the implosion of Hwang's family office Archegos,