We’re Picking Up More Shares of This Discount Retailer
Heading into the holiday shopping season, we continue to see the company benefitting from cash-strapped consumers.
Subscriber Comments of the Day
Randy
Heidi Overton, MD, PhD, Nominated As Next FDA Commissioner
Overton, a physician, is a White House domestic policy official who regularly briefs the president on various health issues. She was at his side earlier this month when he announced an executive order aimed at reducing the number of universally recommended childhood vaccinations.
At the time, she urged “blue states” to adopt the administration’s “gold standard” recommendations, which many doctors said were not supported by current science.
According to a senior administration official with knowledge of the process, Overton was Trump’s third choice for the position, and the administration was still interviewing candidates for the role Tuesday. Former Rep. Brad Wenstrup, R-Ohio, declined the job, the official said, as did acting FDA Commissioner Kyle Diamantas, citing his young children and other personal reservations.
Randy
Re Cannabis: Dr. Heidi Overton supports moving cannabis to Schedule III to enable expanded medical research and clinical evaluation.
Her public stance focuses on closing scientific knowledge gaps regarding cannabis safety, interactions, and therapeutic efficacy—particularly for older adults—so doctors and patients have reliable clinical data to guide treatments.
Position: None
Caution Ahead: Credit Markets Flash Yellow
As AI enters its mania stage, my focus is on deteriorating credit and debt markets and rising yields.
The Treasury Announcement: What It Is and Isn’t
The Treasury announcement is broadly being mis-interpreted as usual, due to hype from the usual suspects including Fin TV.
It is just a twist, not money printing.
Whatever they buy more of on the long end, they will have to issue on the short end to finance the purchases.
And the dollars involved are limited.
Anyway, this is not QE or money printing, only the Fed can do that. Treasury has no authority or ability to print money.
Position: None
Key Observation
Note the weakness in financials this morning…
Position: None
Late Morning Market Stats and Charts
– NYSE volume 5% above its one-month average;
– Nasdaq volume 14% below its one-month average;
– VIX index: down 3.79% to 15.24
Positions: None.
The Treasury Steps In, and I Ring the Register
I reduced three biotech winners, and not because I think they are going down.
Marvell Tie Up With Google Brings Big Potential
It would be a mistake to give full credit to the implied potential or to rule out Broadcom.
Ron Insana on The Treasury’s Actions This Morning
Positions: None.