Thank God the rally in WMT is finally over. I am actually delighted to see it down 9%, after the run up it had. Truth be told, it injured me to see it rising on a daily basis — the welfare of retailers acting like it was Hermes. With WMT diving lower, the aesthetics of the market is poor, which is actually misleading because everything is great.
There is true strength in both semis and oil stocks, which has helped me increase my portfolio values this morning.
FTK is my top pick in the oil barrel space — but there are others.
Strength in the cryptos have boosted proxies like OSTK, DPW, LFIN, GROW, MARA, and JTPY.
Lastly, rates are edging higher, marked by the 10yr above 2.90% — a giant nothing burger — just like the Mueller investigations. Yes, indeed.
I have some money to put to work and will allocating it today. Funnier stuff to come later.
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Great buying opp $WMT, imho. They are now heavily vested in China. King of Logistics still sits on the throne.