https://www.howestreet.com/2024/10/just-a-handful-of-stocks-boosting-dow-higher-mark-leibovit/

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TERRIFIC MARTIN ARMSTRONG INTERVIEW ON TRACK 3

https://www.howestreet.com/2024/10/silver-gold-uranium-us-civil-war-real-estate-martin-armstrong-hilliard-macbeth-ross-clark-this-week-in-money/

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Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

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The situation is getting worse by the day. Nuclear war could simultaneously commence in four different countries at nearly the same time.

Now Ukraine says it’s going to build its own nukes in just a few weeks. And Iran brags about having a mysterious weapon that’s “more powerful” that a nuke.

Israel can’t wait to attack Iran and promises to do so before the election. Gold just skyrocketed to 2760, and FEMA has just popped up a new FEMA camp near Asheville in North Carolina where they are rolling in massive steel fallout shelters on huge trucks.

An incredible lead in the betting markets has been achieved by Donald Trump over Kamala, representing a 20-point lead. If this election is honest, it’s going to be a blowout.

But Leftists are going to lose their minds and explode in anger and violence when it happens.

We have only a few days before Election Day. And there’s a possibility that a “split decision” could hand us TWO presidents, not just one.

BRICS meeting ends today!

Stocks came under pressure early in the session on Wednesday and saw further downside over the course of the trading day. The major averages all moved notably lower, with the Dow and the S&P 500 extending their losing streaks to three days.

The major averages climbed off their worst levels late in the session but remained firmly negative. The Dow slumped 409.94 points or 1.0 percent to 42,514.95, the Nasdaq tumbled 296.47 points or 1.6 percent to 18,276.65 and the S&P 500 slid 53.78 points or 0.9 percent to 5,797.42.
Never met a bathroom mess we couldn’t unmess.When you’re too good for most messes, you’re just right for all of them. Calcium, Lime & Rust Remover is the overqualified cleaner.>

The weakness on Wall Street came amid a continued increase by treasury yields, which have moved sharply higher over the past few sessions.

The yield on the benchmark ten-year note has risen to its highest level in almost three months amid worries the Federal Reserve will lower interest rates slower than previously anticipated.

While the Fed is still widely expected to lower interest rates by a quarter point next month, there is increasing skepticism about another rate cut in December.

CME Group’s FedWatch Tool suggests the chances the Fed will leave rates unchanged in December have jumped to 30.2 percent from just 13.9 percent a week ago.

A steep drop by shares of McDonald’s (MCD) also weighed on the Dow, with the fast food giant plunging by 5.1 percent.

McDonald’s came under pressure after the Center for Disease Control said a severe E. coli outbreak in Mountain West states has been linked to the chain’s Quarter Pounders.

Fellow Dow component Coca-Cola (KO) also showed a notable move to the downside despite reporting better than expected third quarter results.

Meanwhile, shares of AT&T (T) surged after the telecom giant reported third quarter earnings that exceeded analyst estimates.

Sector News

Computer hardware stocks showed a substantial move to the downside on the day, resulting in a 2.2 percent slump by the NYSE Arca Computer Hardware Index.

A pullback by the price of gold also contributed to considerable weakness among gold stocks, as reflected by the 1.8 percent loss posted by the NYSE Arca Gold Bugs Index.

Oil service stocks also saw significant weakness amid a decrease by the price of crude oil, dragging the Philadelphia Oil Service Index down by 1.4 percent.

Steel, biotechnology and semiconductor stocks also showed notable moves to the downside, while airline stocks bucked the downtrend.

Spirit Airlines (SAVE) led the sector higher, soaring by 46 percent after a report from the Wall Street Journal said Frontier Airlines is exploring a renewed bid for the budget airline.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in yet another mixed performance on Wednesday. Japan’s Nikkei 225 Index slid by 0.8 percent, while Hong Kong’s Hang Seng Index jumped by 1.3 percent.

Meanwhile, European stocks moved mostly lower on the day. While the German DAX Index dipped by 0.2 percent, the French CAC 40 Index and the U.K.’s FTSE 100 Index fell by 0.5 percent and 0.6 percent, respectively.

In the bond market, treasuries extended the downward trend seen over the past several sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.8 basis points to a nearly three-month closing high of 4.242 percent.

Looking Ahead

Trading on Thursday may be impacted by reaction to the latest U.S. economic data, including reports on weekly jobless claims and new home sales.

Earnings news may also attract attention, with Tesla (TSLA), IBM Corp. (IBM) and Mattel (MAT) among the companies releasing their quarterly results after the close of today’s trading.

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https://tinyurl.com/2fxvpr32

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https://tinyurl.com/2ejnk9mh

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ELON MUSK’S AUTONOMOUS ASSISTANT

https://tinyurl.com/pku6hysk

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Yes, that’s a cartoon of me.  Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week.  I’ve dated myself. That occurred for me between 1988-1996.  Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.  

WHO am I?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS  a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”.  He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked  #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms.  Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com.   He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading.  It is now also published in Chinese.  Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

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• Donations to LGBTQIA+ organizations

  Some shareholders have argued that Disney’s donations to organizations that serve the LGBTQIA+ community are “extreme pursuits” that ignore the beliefs of most Americans.

• Inclusion of LGBTQ+ characters

  Some critics have taken issue with Disney’s inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.

• Black Ariel in Little Mermaid

  Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.

• Economic and reputational consequences

  Some claim that Disney’s “woke virtue signaling” has had economic and reputational consequences, with Disney’s market cap falling nearly 40% since February 2021. 

In response to these criticisms, Disney CEO Bob Iger has said that: 

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RFK Jr. Shreds Democrats for Abandoning Democracy

https://tinyurl.com/24sh92xa

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I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY.  MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE

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