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Title : The Market, Energy, Political Page, T+56 -- July 26, 2018
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The Market, Energy, Political Page, T+56 -- July 26, 2018

T+55: EU met with Trump; the trade war between the US and the EU is over. Next up: Mexico. Then, Canada. Finally China. I will likely carry the current "run" to T+100 or when the trade war between China and the US comes to an end, whichever comes first. 

McDonald's -- a reader noted that McDonald's beat both on the top line and the bottom line. My reply to the reader, not ready for prime time, and with minimum editing:

Wow, I missed an opportunity. I was at McDonald's two days ago -- I did not order anything because the line was too long. I blogged for over an hour during the noon hour at McDonald's -- never ordered anything -- way too busy -- the line never got short enough. I was going to blog about that experience but thought I had blogged too much about McDonald's so didn't want to blog again.

One has to remember: McDonald's is practically giving away their soft drinks -- in the hot weather I bet that drives a lot of customers --

McDonald's: anyone visiting the newly remodeled McDonald's and the layout of the kiosks and the soft drink fountains at some of them will see what I mean by McDonald's practically giving away their soft drinks for free. Senior coffee is already 50 cents and has been so for quite some time. 

So, what's the market doing?

• TSLA: essentially flat, down about 0.75%
• FB: down 18%
• BRK-B: essentially flat, very barely green
• AAPL: essentially flat, very barely green -- hardly a rough day for tech
• EW: essentially flat, up about 0.70%
• XLNX: up 12% -- remember, Yahoo!Finance said it was going to be a rough day for "tech." You cannot get "any more tech" than XLNX -- pretty much alone in the programmable chip sector; 
• F: continues to fall, now down another 4.4%
• SRE: this is an important one following Governor Jerry Brown's proposal; up about 0.7% and trading in a nice range
• COP: actually down about a percent; wow
• S: up over a percent

https://ift.tt/2dZyQXu

Thus Article The Market, Energy, Political Page, T+56 -- July 26, 2018

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