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November 19, 2024

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In Stocks

Stocks: “…a PERMANENTLY high plateau”?

3 Mins Read

Today we explore the bullish sentiment that has taken SPX valuations to the moon. There are many out there that believe we have hit a plateau on prices that will continue permanently. We talk about the quote: “Stock prices have reached ‘what looks like a permanently high plateau,’ Irving Fisher, Yale economist, told members of the Purchasing Agents Association at its monthly dinner meeting…” When did this quote come out? Carl reviews our earnings chart.

Carl looks at our signal tables to get a sense of the condition of the market. Then he discusses his outlook for the market as well as covering Bitcoin, Yields, Bonds, Gold, the Dollar, among others.

After covering the market, Carl analyzes the short- and intermediate-term charts of the Magnificent Seven. NVDA reports earnings on November 18th.

Carl takes some time to look at Real Estate (XLRE) “under the hood” and discusses its nearing Dark Cross Neutral Signal that is on tap.

Erin covers sector rotation, comparing defensive sectors to aggressive sectors. She looks under the hood at Utilities which is a sector that is showing new momentum among the sectors. With a possible market decline continuing, this defensive area of the market could find favor and continue higher.

The pair finish with looking at viewer symbol requests with an eye toward the intermediate term today.

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01:03 “…a permanently high plateau”?

03:35 DP Signal Tables

05:50 Market Analysis

15:44 Magnificent Seven

21:44 Real Estate Sector

23:12 Questions

28:06 Sector Rotation

40:06 Symbol Requests

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In World news

Car crashes into people outside primary school in central China: state media

2 Mins Read

Multiple students were injured after a car crashed into people outside a primary school in central China on Tuesday morning, state news agency Xinhua reported.

It’s not clear how many people were injured in the incident, which took place in Hunan province’s Changde city. In a brief report, state broadcaster CCTV said “specific casualties were being investigated.”

Another showed multiple people, including adults, lying on the road, apparently injured. Police could be seen handcuffing a man in front of a vehicle.

The police have yet to release a report about the incident. Images circulating online of the incident were quickly wiped from social media platforms.

The country has been rocked by a recent spate of public attacks, which have rattled a population long used to low rates of violent crime and sent censors into overdrive removing videos on social media and moderating online discussion.

China saw its deadliest known attack in a decade last Monday, when 35 were killed after a man plowed his car into crowds exercising at an outdoor sports center in the southern city of Zhuhai. Days later, eight people were killed and 17 others injured in a stabbing attack on a college campus in eastern China.

Sudden episodes of violence in recent months targeting random members of the public – including school children – have surged across the country as economic growth stutters, with many online warning each other to be cautious as people are becoming more desperate and unstable.

In October, police arrested a 50-year-old man after a stabbing attack near an elementary school in Beijing injured five people, including three children.

In September, three people were killed and 15 others injured in a knife attack at a suburban supermarket in Shanghai.

Also in September, a bus crashed into a crowd of students and parents outside a school in Tai’an city in Shandong province, killing 11 people and injuring 13 others. The authorities did not reveal whether it was accidental or deliberate.

This post appeared first on cnn.com

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In Business

Elon Musk’s X Corp. files notice in Alex Jones’ Infowars bankruptcy case

2 Mins Read

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform.

The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims.

But this week, the Texas bankruptcy judge overhearing the case voiced concerns about the transparency of the auction process and called for a new hearing to discuss those potential issues.

“Nobody should feel comfortable with the results of the auction,” Judge Christopher M. Lopez said, according to a Bloomberg News report.

The X Corp. filing, dated Nov. 14 and first reported by Mother Jones, does not disclose the purpose of X’s appearance, other than to state the rights reserved to it as an interested party, and to request all relevant documents in the case.

Attorneys for X listed in the filing did not respond to a request for comment. A lawyer representing The Onion also did not respond to a request for comment.

Both Musk and Jones are known allies of President-elect Donald Trump. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo.

Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. He often focuses on events and social issues to sell related products like supplements and survival gear.

Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax. He broadcast the conspiracy theory on his platform, which led to years of harassment and threats against the grieving families.

In a statement on X, The Onion’s chief executive, Ben Collins — who previously covered disinformation and conspiracy theories for NBC News — called assertions made this week by Jones and other Infowars personnel that the auction had formally been “overturned” false, while describing other allegations they leveled as “wacky.”

“We look forward to completing this process at the next scheduled court date,” Collins wrote Saturday.

A representative for Infowars did not immediately respond to a request for comment.

This post appeared first on NBC NEWS

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