Wednesday, May 4, 2016

THURSDAY 5/5/16; Cinco de Meyo; Turkey Turmoil; APA; AVP; BABA; DDD; CHK; ITT; K; MRK; MGM; MBLY; MWW; OXY; REGN; RGEN; Challenger Job-Cut Report; CZR; ED; DWA; LOCO; EOG; FEYE; GERN; GPRO; HLF; MHK; SQ; DATA; YELP

Today is Cinco de Meyo which celebrates the unexpected Mexican Army’s victory over the French military at the Battle of Puebla on 5/5/1862. Mexicans and Americans alike use the day as an excuse to drink booze, sing, dance and party. Do not confuse today with Mexico’s Independence day on September 16.

Japan trading remains closed; today is Children’s Day. Trading in Korea, Indonesia and Thailand is also closed for holidays. US futures are buoyant. S&P +2. 

[Text is Redacted: Purchase May 2016-05 to Read the Complete Chronology]

The republican establishment is providing a cold shoulder to Trump and it is the role of the orange-headed showman to smooth over the problems caused by his scorched-Earth insult strategy during the primary elections. Trump appears obstinate and may not want to be a peacemaker, if so, the republicans will likely lose to the democrats in November. There is lots of drama ahead for the next six months for both the republican and democrat parties with Trump and Clinton the presumptive nominees for the next POTUS, respectively, and Americans view both negatively.

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