DHUnplugged #661: NothingBurger

Panic over  the potential NASDAQ 100 rebalance and here is what happened. Following up on the multi-billion dollar lose by Goldman – AppleCard a bust? The Fed and other important market moving events on the top of out list this week. Announcing a new Closest to The Pin! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? <br /> <br /> <br /> Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up<br /> - Another big deal - panic ended up a nothingburger<br /> - Summer Travel upended as wildfires heat up Europe<br /> - Biden-omics, this is a thing?<br /> - AI - coders going to be goners<br /> Market Update<br /> - Mega-Cap Tech earnings<br /> - Fed meeting this week - odds favor a hike<br /> - Bull run continues<br /> - Media all abuzz about the DJIA run - most consecutive up days since 2017<br /> - P/E ration on SP500 now at 19.6 (forward) with a negative or zero growth rate Consumer Confidence<br /> - The Conference Board's Consumer Confidence Index jumped to 117.0 in July (Briefing.com consensus 111.5) from an upwardly revised 110.1 (from 109.7) in June.<br /> - In the same period a year ago, the index stood at 95.3.<br /> - The July reading marks the highest level for the Consumer Confidence Index since July 2021.<br /> - Big jump in UMich last week as well<br /> ---- FED HAS TO BE CONCERNED WITH THIS   Consumer Confidence Fear/Greed<br /> - Extreme Greed