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Monday, September 11, 2023

Market Update Sept. 11th, 2023

 Can you believe it's been 22 years since the Sept. 11th, incident, and

 authorities still have no explanation for the collapse of  WTC building 7, any more than they can explain how Covid 19 virus came into being? 

University Study Finds Fire Did Not Cause 3rd Tower's Collapse on 9/11 

The truth is not that hard to find with a little digging, but most folks are happy to believe the official headlines. 

NIH admits US funded gain-of-function in Wuhan — despite Fauci’s denials

"The powers that be", have every reason in the world to engage in several ongoing cover-ups, and anyone in academia who dares to question the official narrative, can be officially debunked, and defunded; so, don't expect the so-called experts to come forward, anytime soon.    

Despite the fact that corporate news agencies are paid to constantly lie, and engage in coverups, I still rely on the daily news to point out what investors are supposedly watching.     

Oracle earnings? 

As long as Oracle continues to trade in never never land ( at all time highs); I wouldn't touch it with a 10 foot pole.  

Morgan Stanley’s Wilson likes late-cycle defensive portfolio yahoo

Sure, Industrials have lagged, and they have room to run here, but I don't see energy as a "safe haven", since it's even more over-bought than tech. 

As I blogged on Friday, several energy names continue to break out to new all time highs, and you can add $PSX, and Marathon to the list...

The fake news also came out with some negative Germany news, and a Eurozone GDP downgrade  

EU Commission lowers Eurozone GDP forecast amid recession risks 

 Funny, all this talk about "recession risks", when many European equities continue to trade near all time highs. 

Germany also looks fine, as it continues to consolidate sideways 

$DAX - see Friday's bullish hammer  

Oil seems to be holding its own, and could go a little higher  

But I wouldn't chase that either! 

I like financials here: 

Regional Banks - double bottom 

Good luck, 


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