The Market, Energy, And Political News, Page 2, T+14 -- August 28, 2018

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Title : The Market, Energy, And Political News, Page 2, T+14 -- August 28, 2018
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The Market, Energy, And Political News, Page 2, T+14 -- August 28, 2018

API: weekly crude oil draw/fill pending. The data should have been released by now. "They" must be checking to make sure all "movers and shakers"; politicos; and, hedge funds have the data before the "deplorables" get the data. Just a hunch. Probably wrong.

I was out doing errands all day so I have to work fast to catch up. Huge "thank you" to reader(s) for sending me links.

Venezuela: oil discovered in 1914; free economy: by 1950, Venezuela had the 4th highest per capita income in the world; squandered it all. Hugo Chávez asked "so, what don't you want?" The masses said they don't want a free economy; they wanted free money; they wanted other people's money. Bernie Sanders, Occasional Cortez, and Pocahontas have said the same thing: they don't want a free economy; they want free money; free college; free medical care; free everything. And so it goes.


Making America great again.
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The market:
  • all four major indices -- already at record highs -- or flirting with record highs -- closed higher today
  • AAPL hit an intra-day high
  • S&P 500 closes at record, briefly hits 2,900 for first time ever;
  • UNP: hit an all-time high yesterday; some profit-taking today
  • YUMC: up almost 4% today
  • MLPs: talking head "somewhere' suggested MLPs may be an area of interest in the short term
  • most stocks of interest flat to slightly down today; oil and oil service stocks definitely down


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