Heavy news filled week this week. It’s month end and a new month beginning, we have a Fed meeting, and plenty ongoing news on tax cuts, but also activity on the political front.
QT: As with health care there appears to be no popular mandate behind the policies proposed. Who is it for then? I think you know.
QT: The tax payer. The biggest concern I have is that all these assumptions are being floated with rosy growth pictures. You can always buy yourself growth. For a little while. But in the end it’s deficits. Big deficits. 2017 was $666B.
QT: Carney did the bare minimum to not lose credibility, but the prime directive matters more than anything: Don’t upset markets. Mission successful: The GBP dropped and the $FTSE flew higher.
QT: I note there is a class of billionaires that run companies that never make a dime. $TSLA has burned through almost $10B in cash since 2010. What happens to the demand equation if the tax credit disappears?
That said $TSLA is at critical support here:
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