• Home
  • Meet Scott
  • My Gut Feeling
  • In The Media
    • Financial Expert Scott Rothbort On TV
    • On The Radio
    • Facebook Feed / Upcoming Media Appearances
    • Stock Trading Commentary On Scutify
  • Private Wealth Management
    • Scottrade Adviser
    • Investment Strategies
    • Integrated Wealth Management
    • Financial Retirement Planning
    • Selling Of Business
    • College Savings Accounts
    • Expert Witness & Testimony
  • Contact
  • Home/
  • Politics/
  • My Gut Feeling For Today, July 18, 2016: Turkey, Earnings and Republicans Take Center Stage

My Gut Feeling For Today, July 18, 2016: Turkey, Earnings and Republicans Take Center Stage

July 18, 2016 / scott / Politics / No Comments

The S&P 500 (SPX) continued to power to new highs last week, although growth still lags dividends. Hence the Dow Jones Industrials (DJIA) continues to outperform the NASDAQ (NDX). On Friday, markets consolidated recent gains, most likely as monthly options expiration kicked in.

After the markets closed on Friday, a coup d’état was underway in Turkey. By Saturday, the coup failed. By Sunday nobody on Wall Street seemed to care anymore. On Monday, any residual financial adjustments will take place, most likely to the Turkish stock market and currency. Turkey will wind up being no more than an opening act for the week by the time we get to midday Monday.

What will take center stage the rest of the week will be earnings and the Republican Convention. So what is My Gut Feeling for both of those events?

As for earnings, nearly 20% of the nation’s largest companies will be reporting results this week, Markets are prepared for another down quarter of earnings. I believe that we might begin to see some sectors turn the corner and post modest gains. The most likely candidate is in the energy sector.

As for the Republican Convention, expect the typical choreographed quadrennial event, inside the Quicken Loans Arena, without any surprises. Also expect the GOP delegates, Trump supporters and Dump Trumpers to be well behaved, with some exceptions, but that will be limited to all talk and no action. The exploits will be outside the arena where non-GOP instigators will be up to no good. However, this will not be isolated to Cleveland and the GOP convention as we can expect the same instigators to be making waves in Philadelphia. Traders will be focused on earnings rather than elections despite efforts by the media to jam the later down traders’ throats.

On to lighter news. Soft Idea came back from some recent tough outings to capture her NY Sire Stakes division on Friday night.  Below, that is me with cousin Ken and Soft Idea after the race in the barns. Then below that picture is co-owner Dan, our wives and our entourage for the evening in the winners’ circle. Tonight we hope to follow up Friday’s victory with one for our two-year-old filly, World Apart in a NY Sire Stakes race at Yonkers as well. It is an exciting racing card and our trainer (and my fellow Brooklynite) Linda Toscano has several excellent horses racing tonight. Check out Planet Rock and Robin J as well.

Scott Ken and Soft Idea YRSoft Idea Yonkers 071516

____________________________________________________________________

Disclosure: At the time of this commentary Scott Rothbort, his family and/or clients of LakeView AssetManagement, LLC was long TQQQ, DIA & DDM— although positions can change at any time.
Scott Rothbort is the President & Founder of LakeView Asset Management, LLC, a registered investment advisor specializing in high net worth private wealth management. For more information on investing with LakeView Asset Management, LLC call us at 888-9LAKEVIEW or request monthly expiration more information by clicking on the contact button on the top right hand corner of the website. LakeView Management, LLC is a Nevada LLC, with its principal office located in Henderson, NV and branch office located in Millburn, NJ
Scott Rothbort is also the publisher of the LakeView Restaurant & Food Chain Report, a newsletter focusing in on food, restaurant, beverage and agricultural stocks. An individual subscription to the newsletter can be ordered at www.restaurantstox.com Furthermore; Scott is also a professor at the Seton Hall Stillman School of Business in South Orange, NJ.
– Read Scott’s intra-day thoughts and comments on Scutify for which he is a co-founder of its parent company Wall Street All-Stars, LLC
– You can email Scott at scott.rothbort.lakeview@gmail.com

© 2016 LakeView Asset Management, LLC. All rights reserved

Share this with a friend!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sample of My Gut Feeling on Bloomberg Radio

Financial Podcast With Scott Rothbort

Listen to more radio broadcasts

Search My Gut Feeling

My Gut Feeling Archives

February 2021
S M T W T F S
« Jan    
 123456
78910111213
14151617181920
21222324252627
28  

LakeView Restaurant and Food Chain Report

restaurant stock report
  • Listen to Scott On The Radio
  • Scott’s Facebook Feed
  • Watch Scott’s TV Appearances

Contact Us

  • (888)-9LAKEVIEW
  • (702) 749-9343 or (973) 564-8139
  • investlakeview@gmail.com
  • scott.rothbort.lakeview@gmail.com
  • Contact Us
    • Facebook
    • Twitter
    • Linkedin

Signup For “My Gut Feeling”

Latest From Scott

  • My Gut Feeling For Today, February 11, 2021: Short Selling, Gamestop and Robinhood – Part 2
  • My Gut Feeling For Today, January 31, 2021: Short Selling, Gamestop and Robinhood – Part 1
  • My Gut Feeling For 2021
  • My Gut Feeling For 2020 – A Look Back
  • Scott Rothbort’s 10 Things I Won’t Miss About 2020
(c) 2013 - 2017 LakeView Asset Management, LLC. all rights reserved, 526 Carnforth Drive, Henderson, NV 89014 | Toll Free: (888) 9-LAKEVIEW I Website Disclosure