The rotation has been into tech, and consumer discretionary for a long while now, and that hasn’t stopped. Consumer staples continues to be rotated out of, after sliding for at least a year.. it would be a strange bear market with defensive stocks getting slammed while Starbucks soars.
It would be, but if there is something or someone to squeeze to the death, this market will figure it out in due time.
Since the magic futures show was canceled last night, i have a firm commitment for tonight. The show must go on.
Seems like this last minute surge is going to continue into tomorrow...maybe apples earnings were leaked in the last half hour!!
Apple has beaten earnings results 19 out of 20 quarters ..... Here's what Wall Street expects: Earnings per share: $2.67, adjusted, expected by a Thomson Reuters consensus estimate Revenue: $60.82 billion expected by Thomson Reuters consensus iPhone unit sales: 52.54 million expected by a StreetAccount estimate Fiscal Q3 revenue guidance: $51.61 billion expected by Thomson Reuters consensus