Today is the day Ellen and I take Max to University of Arizona for his freshmen year. I would love to pull a ‘Back To School’ move on him, but it would crush his spirit. And of course the damn heat!
Ellen and I get to empty nest a few months more on Coronado before heading back to Phoenix in November for the winter.
Rachel is a junior this year at University of Arizona and is living in her sorority.
I have hosted my good friend JC (All Star Charts) at my office and home to brainstorm charts, markets and business strategies. It goes without saying that I must drop a few charts to honor this summit like get together.
To the charts…
I mentioned yesterday that Chinese internet stocks were in a bit of a meltdown. This chart shows it best in relation to the strength of US technology stocks (thanks @ivanhoff):
One of my favorite internet/software industries is travel (not the airlines) and it looks like misery is around the corner. Maybe it’s AirbnB or maybe a recession is on the horizon?
Retail was supposed to be dead dead dead. Not so fast. In fact, they are breaking out left and right. Ivanhoff discussed a bunch of the in our ”Momentum Monday’ yesterday on the blog.:
Also published on Medium.