I go shopping every weekEND. But I can't go shopping this weekend, because a) it'll be mobbed and b) snow. So I'll have to go shopping today.
Also, I have two teenagers and they eat a lot.
After I left Yahoo Finance two months ago, I started The Rick Report on Substack to experiment with self-publishing
The Rick Report is growing up
It’s now The Pinpoint Press ~ serving pragmatists, moderates and sensible people everywhere
Check it out ~
open.substack.com/pub/ricknewm...
Depressingly on-point.
that's quite a delayed reaction!
Where is this from?
But look over here! GAMESTOP: PURCHASED 4,710 BITCOIN BETWEEN MAY 3 & JUNE 10
Dan Ives, forever glass half-full:
Trump and Musk Beef Weighing on Tesla Shares; Friends
Again Soon?
C'mon
Just had a real “I’m old” + NYC moment: Schiller’s is now a Shake Shack!?!
Ihor Dusaniwsky of S3 Partners, who analyzes short-selling trends, to @yahoofinance.com: "Everyone who had a pocketful of money is reaching into a dusty little pocket" after today's rally.
The sectoral tariffs (autos, steel/aluminum) still seem to be in effect. And pharma could be coming.
BE COOL
HANK TOUGH
HAVE FUN
TRUMP: RAISING CHINA TARIFF TO 125%, EFFECTIVE IMMEDIATELY
Will a Trump Tree covered by handmade decorations be the 2025 version of a victory garden?
finance.yahoo.com/news/trump-c...
Did anyone actually watch the Hassett interview on Fox and heard him say "90-day pause"?
And it's nowhere on their site that I can see.
😭 on both counts
Looks like he had to rip it up and rewrite this weekend.
This is absolutely stunning and moving and just an incredible piece of writing. Thanks to @taffyakner.bsky.social for writing it.
YESSSSS the Grateful Dead q's for Powell @mckonomy.bsky.social
The Composite, too. Closing number to watch there is 16,138.4.
Nasdaq 100 is set to close in a bear market (down 20% from its high). Closing level to watch is 17,740.48.
8 THOUGHT ON ONE OF THE CRAZIEST DAYS EVER
From the newsletter. Subscribe here. www.bloomberg.com/account/news...
Let's play a fun game and see how many market strategists say "this is a negotiating tactic" in the next 24 hours.
Instead we get "groceries, it's such an old-fashioned word."
All of the country-specific tariffs are on top of a 10% baseline tariff.
The Vietnam and Cambodia tariffs are bad, bad news for the clothing & footwear manufacturers who moved supply chains after Trump 1.0 tariffs.
Dance video that Sritala (aka Patravadi Mejudhon) shows Frank (aka Sam Rockwell) on White Lotus. (via Vulture)
Hold my calls, I'll be playing this on loop all day. Start at 2:30.
www.youtube.com/watch?v=nn5j...
S&P 500 level to watch today --> 5,521.52.
That was the March 13 close and the low of the year.