A modern day Thomas Edison and Henry Ford rolled into one, Musk hit rockstar status in 2018 when he sparked up that joint on Joe Rogan’s podcast. Brilliant, wildly successful, rebellious, sense of humor – my daughter went to Baltimore’s top STEM high school in Baltimore, she said every student there followed him on Twitter.
I’ve been to enough holiday office parties to know the risks. The last couple months of any year is crunch-time for most businesses. Stress builds. And minds wander to gift shopping, travel planning, teenage kids cramming final exams while grade school kids prep for holiday concerts – distractions that feed the stressful frenzy…
On Wednesday, I discussed the possibility that a rally might be brewing. For Exhibit A, I pointed out that the S&P 500 held above support at 3,818 for 10 of the previous 11 days. Exhibit B was the simple observation that stock prices in general had held pretty steady, even as the newsflow leaned negative – with a downgrade for bellwether Microsoft (NASDAQ: MSFT) and negative demand news for Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).