Amazon is Awesome

Monday, June 18, 2018

Dow Drops Again to Start the Week

- Retaliatory tariffs from China started everything down on Monday. Boeing was a big drag as was Intel.
- Intel might have been down, but most tech stock ran way up. Amazon and Facebook hit new highs. Alphabet was up big the whole day after the announcement that they are investing $550 billion in JD.com. Alphabet has a lot of catching up to do with the over bought Amazon.
- Best Buy was the leader when it comes to retail today. Macy's and others ended the day near even which brings me to think that Best Buy has runs like a hybrid retail FANG stock.
- JP Morgan started lower and had a good run back to the 108 mark. I expect it to get up to 110 this week.
- Other than that it was a boring day as most stocks were trying to play make up to Friday's close.

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