So, 325,000 is the total of pre-orders in the first week for Tesla’s Model 3. The goal is 500,000, and then they actually go build them. Like pizza, but the delivery time is just a wee-bit longer and you get a few more toppings. Oh, and at $35,000 to start, just a bit more costly. Anyway, Tesla could be onto something …
Wall Street was higher on Friday, bolstered by a surge in crude oil and Federal Reserve Chair Janet Yellen’s comments pointing to resilience in the U.S. economy.
Yeh, yeh, yeh … Maybe the market is scaling the green because it went deep into the red yesterday. Maybe, buyers are buying the dips again. Maybe, yeh, just maybe, it is that simple. It could be as the market seems little fazed by the “bad” economic news.
U.S. wholesale inventories fell at their fastest pace in nearly three years in February.
Blah … blah … blah … See what I mean. Who cares?
The markets are struggling a bit for direction here as earnings season approaches, looking for a catalyst and trading on whatever the news of the day is.
I do like the notion that the market is waiting for earnings, as, in the end, earnings are more important than oil, Ms. Yellen, wholesale inventories, or the weather in Timbuktu. And what gives a company good earnings?
Encouraged by improving employment prospects, more than two million people have flooded into the work force since September, the biggest six-month gain in records going back to 1990.
Green it is then …
