Economy

Last edited Thu Sep 29, 2022, 07:46 PM - Edit history (1)

I watch big blue chips, tech. Many hovering just above breakdown level. Intel INTC confirmed breakdown today. But Micron MU may hold support. Secondary stocks continue to fall. Mutual funds, indexed or managed, all hold the same 30 large caps. I think we're less than 1/2 way to the eventual bottom. Hedges are working for me, but not very well, and they need constant churning. While volatility is low there is always the threat of further downside. It's been a brutal 2 weeks. 350 points a day plunge.

NKE swing and a miss, down 12% after market. Major inventory buildup and lowered outlook for the rest of the year. Not a surprise to me. NKE has far too many styles, and that is expensive. I only see wide toe running shoes in Nike Air, the top of the line $$$ product. Why can't we have that in $65 shoes? So I think they've lost focus. And they are a harbinger of other consumers goods companies.