By: Lloyd Marcus
Hello Folks. Lloyd Marcus here checking in from Nevada. Weeks ago, my wife Mary and I flew to the midwest to join the Conservative Campaign Committee to campaign for various Republican house and senate candidates. Our team spends tons of hours on the road traveling in an SUV.
After eight hours on the road, we had to pull over on the side of the highway because our SUV malfunctioned an hour outside our Nevada destination. The thought of waiting for a tow truck was not fun. We prayed for God’s help. Our vehicle was fine, and we made it safely to our hotel. Praise God!
This is crunch time, folks. Our CCC team is extremely busy monitoring and analyzing how best to impact each race.
I believe that the Democrats’ insidiously evil slander of Brett Kavanaugh was their jump-the-shark-moment. Democrats’ assault on Kavanaugh was so over the top that it finally opened the eyes of many Americans about leftists’ willingness to destroy anyone who threatens their anti-Christian, anti-innocent baby, and anti-America agenda.
With less than two weeks before the midterm elections, it is all hands on deck. I am pleasantly surprised that even Christian TV shows are telling viewers that if they do not want the Democratic Party angry mob in power, they had better vote Republican.
By: James Simpson | Daily Headlines
I wrote the following letter today to the Hudson, Wisconsin Star Observer following its publication of a column titled “We will not be the vehicle for hate.” Like Facebook, Google, Twitter, Media Matters for America and many other blatantly Left-biased organizations, they have decided to take a principled stand against “hate.”
Not really. Instead, they are simply announcing their excuse for abandoning even paying lip service to the notion of free speech. Make no mistake about this. It is a nationwide movement to shut us all down in the interests of the extreme left and their radical Islamist allies. Read on.
To the Editors:
I was interested to read your recent column: “We will not be the vehicle for hate.” All well and good, but I would ask, how many column inches do you give to organizations like CAIR and their representatives or other leftwing groups like the ACLU and Southern Poverty Law Center, who regularly label people they simply disagree with as “bigots,” and “Islamophobes.” Another column, by Meg Heaton, that you say “echoes our sentiments exactly,” claims others are “entitled to their opinion but not their own facts.”
By: Terresa Monroe-Hamilton
After watching the rally put on by President Trump for Ted Cruz in Texas, the left should be afraid… very afraid. The massive MAGA event looks to me like a preview of the upcoming election in 2020 and if it is indeed an indication of that, it will be a landslide victory for Trump.
Tens of thousands of enthusiastic Trump and Cruz supporters descended on the Toyota Center in Houston last night. The venue holds 18,000 from what I understand. And over 100,000 signed up for the event. They had to mount jumbotrons outside for the masses. Now that’s what I call a crowd!
Not only did people come from every corner of Texas for the event… they came from as far away as California as well. Trump’s rallies are not just the run-of-the-mill political rallies. They are much more than that to his supporters. They are a rallying call for a second American Revolution, a secular Great Awakening as The Federalist put it.
“These courageous Texas patriots did not shed their blood, sweat, and tears so that we could sit at home while others try to erase their legacy, tear down our history, and destroy our proud American heritage,” Trump said.
By: Kent Engelke | Capitol Securities
The next two weeks can be crucial in determining the direction of the markets. Earning season accelerates today with some high profile announcements. Later in the week the likes of Amazon, Google, and Microsoft report.
All will be focused not only on the results but also management commentary especially surrounding the important task of quantifying tariff risk.
To date, about 15% of the S&P 500 has released results. Approximately 85% of results have exceeded expectations but top-line results are disappointing as only 65% have beaten estimates versus last quarter’s pace of 72%.
And then there is the election. What can be written that has not yet been discussed? I have my views but like most, they are rhetorical and conjectural. I will, however, write historically the pocketbook dictates electoral outcomes.
Many times I have used the word tectonic to describe today’s environment. Monetary policy has changed to “quantitative tightening” from “quantitative easing.” Globally the geopolitical landscape has changed to economic nationalism from interdependency and multipolarity.
Earnings momentum has also changed where the percentage increase for value EPS will exceed that of growth EPS for the first time in at least 10 years.
What has not changed is the market strategy where passive investing is still dominating, a total domination from the largest capitalized technology names, companies that are now beginning to face the wrath of global governments.
Will these companies disappoint? And if so, will there be a tectonic rotation from passive to active management? As widely discussed, passive management has greatly outperformed active management for many years, partially the result of the unending flow of monies into ETFs and index type products, a strategy that benefits the largest capitalized concerns.
Change is the only certainty and in my view, the odds are rising that historians will view the last two years as tectonic, a gateway into another era.
Commenting briefly on yesterday’s market activity, the 10-year was flat, the NASDAQ was up by 0.25% and the S&P 500 was down 0.40%.
Last night the foreign markets were lower. London was down 0.50%, Paris was down 0.97% and Frankfurt was down 1.50%. China was down 2.26%, Japan was down 2.67% and Hang Sang was down 3.08%.
The Dow should open sharply lower on various geopolitical concerns. Will earnings help stem the bleeding or has the psychology changed to sell on any strength fearing that peak results are behind some companies? The 10-year is up 12/32 to yield 3.16%.