Good morning, everyone. With the ceasefire ending tomorrow, everyone’s on the edge of their seat about What’s Next. In the meanwhile, the big event everyone was excited about was the President showing up on CNBC an hour before the opening bell this morning.
In our tail-wags-the-dog world, the “analysis” is directed toward seeing what’s happening in the betting markets and figuring that someone knows the news before everyone else does.
This situation with Avis Budget is absolutely comic. Old-timers like me remember stuff like PALM from back in the late 1990s. It’s precisely the kind of batshit lunacy one witnesses in the final throes off an overvalued bubble. If you didn’t laugh, you’d cry………..here’s what CAR is up to lately:
The semiconductor stalwart Intel (INTC) has had an amazing increase in price since last August, more than tripling in price. I would like to humbly point out, however, that the price ascent is doing a beautiful tag of the broken trendline, much like it did in December 2023………..preceding a long slog lower!
