And the market refuses to back down.
Enjoy that summer heat on Wednesday.
Don’t Forget the Risks
Markets are in autopilot right now. But, don’t forget the risks — one being the Federal Reserve.
Reminds Jefferies chief markets strategist Sean Darby, “It should be pointed out that this is the first time in over 50 years in which the U.S. is both raising short rates and also running down its balance sheet.”
Apple CEO’s Big Payday
Apple CEO Tim Cook will get a cool $120 million in stock on Friday as part of a pre-arranged award. It will be important for investors to watch what he does with the shares.
Apple is a holding in Jim Cramer’s Action Alerts PLUS.
Around TheStreet
Welcome to the public markets, cannabis play Tilray. Shares will likely stay smoking hot as second quarter sales surged 95% and beat Wall Street forecasts. Investors have chosen to ignore the company’s worse than expected net loss.
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