My latest CNBC commentary:
cnbc.com/2024/04/30/ron…

'This is all very complex and...very perplexing, as well.'

Elon Musk has reached a deal for Tesla to roll out its lucrative self driving technology in China – but that breakthrough could have massive national security implications. ron insana discusses with Stephanie Ruhle.

Another data-driven home run by Catherine Rampell
washingtonpost.com/opinions/2024/…

Phnom Pet, perhaps?

For those worried about China selling U.S. Treasuries ... it appears they've stopped and it also appears overseas buyers still love U.S. debt ... it's just data ...
reuters.com/markets/foreig….

Here’s how i-Fi.AI uses AI tools to assist in identifying stocks on the move. Just a day before SNAP reported a major earnings surprise, i-Fi’s forecasting tool projected a major move in SNAP shares. It got it!

Perhaps the Bills take Adonai Mitchell, whom they appeared to have wanted anyway ... so trading down to 33 gives them additional picks and they get one in the third round, which they didn't have going into the draft. Still think they may trade for a veteran WR at some point.

Uneducated guess: The Bills traded down twice because they are pursing a veteran and now have more draft capital to use. Also, the fastest receiver in the draft is 165 pounds. Needs to add 20 lbs (I assume) to play in the NFL … if anyone can catch him. Uncertainty abounds!

Commodities are curling lower from oil to gold and from lumber to palladium. Time to watch closely.

Stop talking about the jurors!!!!! JFC!!!!!

Headlines say that stocks suffer their worst weekly losses of 2024. What's not said ... the S&P and NASDAQ are still up over 7% year-to-date. They could easily decline further, but after a total return of 26% for the S&P last year, 2024 is still providing normal returns.

Today's market action is all about Iran attack risk. Stocks down, rates down, oil and gold surging. Risk off, flight-to-safety. Inflation and earnings are background negatives, at least for now.

On sale now: DJT for $30!!! Was $79 at the peak. Steals and deals!!!!

For all of the anxiety around today’s market action, the S&P 500 is up over 8 1/4% YTD and the NASDAQ is up over 7 3/4%.
That’s what we expected for the entire year. Could be more downside on PPI tomorrow. Japan, Italy, Denmark, Greece, Holland and Turkey are up more.

My friend & mentor of 4 decades, Richard Leibner, passed away today leaving a huge hole in my heart. He wasn't just an agent but a confidant, trusted advisor and, at times, father figure. Since 1987, he returned every call, e-mail & text, ending each with a joke. RIP, my friend.

Someone get a sneak peak at CPI?

It would appear I am not one of “the chosen.” Maybe next time …

If you're 18, learn to think for yourselves. Engage in lifelong learning. Practice whichever belief system you choose, or choose not to. Get married if and when you're ready. Have children if you believe you'd be a good parent. Most of all, do not listen to demagogues.