OpenTable Update

OpenTable Update

“What’s happening in the US economy in one chart. Year- over-year change in seated diners at restaurants for 38 states, as provided by OpenTable. The median state is down 95%. Hopefully, today’s Republican Senate bill will helps before these restaurants are...
Semis at Support

Semis at Support

At yesterday’s lows the SMH was down 36% from its February 2020 highs. The $100.00 area is roughly a 1/3 retrace of the powerful bull move off the 2008/2009 lows. Of note, as the major indexes(SP 500/Dow 30 Industrials) dipped well into new low territory in...
Relief at the Pump(Tax Cut)

Relief at the Pump(Tax Cut)

Prices at the pump will be falling soon. For consumers, this is great news. Petrol in your vehicle is not a discretionary purchase, thus lower pump prices act like a tax cut. The lede from Steve Burns: Gasoline Futures closed at $0.65, their lowest level ever (started...