Matt: In the chart of OKLO, are there specific indicators that would lead you to buy somewhere in the handle vs wait for the breakout, or is it more a question of style  (aggressive trade vs conservative) and comfort level?  

Thanks, Steve.  Interesting idea that warrants further investigation.

Threatening 50% tariffs on products from the EU as well, starting June 1st, because "trade discussions are going nowhere".  

Businesses already using tariffs to gouge the public. Here's a simple example:

Tariffs are calculated based upon the price the importer pays.

Pre-tariff:Importer pays $5.00 for a product. With a 100% markup the retail price is $5.00 x2 = $10.00. 

After a 10% tariff is enacted: Importer pays $5.00 + $0.50 (10% tariff) = $5.50. With a 100% markup the retail cost should be $5.00 x2 = $10.00 + the cost of the tariff ($0.50) = $10.50. 

Instead, businesses are apparently adding in the 10% tariff before calculating their  markup  ($5.00 +$0.50) x2 = $11.00, to come up with the retail price. To me this is gouging.

Nice summary. Thank you. 

China halts export of Rare Earth Minerals. Not sure why this story is being ignored by the market.  

https://www.nytimes.com/2025/04/13/business/china-rare-earths-exports.html 

Will see if it sticks, but it looks like today is the largest one day increase in gold in history.  Not in % terms, just dollars. Still....  

That's in addition to the 25% tariffs on aluminum, steel and imported autos and auto parts. 

And what happens when those $1 million port fees (per port call for Chinese-operated vessels and Chinese built vessels) kick in? 

Not to mention the elephant in the room: Will US businesses selling American-made products take advantage of the situation and raise prices (gouge) like many did during covid? 

Cost of living just got a lot more expensive.

Understatement of the year.

Port fee plan will be far more destructive than tariffs if it goes through.

https://www.lloydslist.com/LL1152844/US-could-face-trade-apocalypse-if-Trump-port-fee-plan-isnt-killed

It will be difficult keeping the YOY numbers this low in July because the month over month numbers for May and June of 2024 were 0%, and the month over month number forJuly 2024 was 0.1%.  Once those drop out of the calculation, the YOY CPI will be higher.  For example, if, over the next 5 months the month over month numbers are 0.2%, 0.3%, 0.2%, 0.3%  and 0.2% (likely the best case scenario), the YOY number for the 12 months ending July 2025 will 3.2%.  And of course, if those month over month numbers are higher...  

Steve: When you say you'd like to see a red to green move (XERS for example),  can you share where your actual buy point would be?  Are you looking for a lower open, then if the stock starts to move up you buy as soon as the candle turns green, or are you looking for a lower open, a move up with the buy point being above the prior day's high?  Or something else?

Can anyone give me a technical read on SGN?  Looks like it hit bottom late January at just under $2.00/share, daily volume in low 100,000's.  Had a one-day move closing at $4.50 (intraday high of $7.50) on volume of $100 million shares.  Has drifted back since closing today at $2.13/share on 103,000 shares traded.   Is this likely to pop again?  Is it likely that volume comes in?  I have no idea what that 100 million shares was about on a single day.

Steve,  If the 10 Year Yield were to reach 5%, would you deem it a reasonable place to park some longterm money not earmarked for investment?  What are the downside risks, if any?

Why? Retest of breakout?

Not quite sure what you're referring to.  Reported CPI year over year for July was 2.9%; CPI year over year for August was 2.5%.  That's a fairly low number considering CPI peaked at 9.1% in 2022.  If you feel the numbers aren't to be trusted, that's different and you wouldn't get an argument from me.  But as presented, the August CPI reported a few days ago does not appear to be high. 

Novel idea: Wait for the actual data before reporting instead of surveying businesses and extrapolating.

Gold trading at $2526 this morning.  Miners trading at levels that were last seen when gold was at $1700-$1800.  I just don't get it.  I know mining expenses have increased somewhat in recent years, but energy prices are nearly the same.  All I heard years ago was that once gold went to all-time highs the mining stocks would explode.  Well it has and they haven't...but why?  In my opinion, the miners should be double where they are at present based upon today's gold price.  Where am I wrong?

Thanks, Steve.  Is that assessment based upon the market's reaction to this morning's inflation number or were there earlier signs over the past few weeks?