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Show Notes

Summary of the day

Not much changed

Shout out to

Low volume day. Felt like a holiday. This week is heading into a long weekend and end of month. Look at the volume spike at end of session. Paint the tape defined.

Breadth

* 215 new highs

* 103 new lows

* 56% advancing 39% declining

* 54% below 50 day ma

Stuck out

Alert for Subscribers…$KVYO Klaviyo IPO registration could be promising.

I cannot stand marketing automation. Customer engagement should not be automated whether b2b or b2c. But Klaviyo files to go public in latest sign of life for IPO market.

$585M ARR and a small $15M burn! linkedin.com/posts/edchiu_ceo-startups-…

Home Builders up thx to $HOV up 15% on earnings. Raised guidance.

K Hovnanian raised guidance and said expects 20% growth in eps. Sales trends 1H exceeds even the years prior to Covid. (Maybe she has a take on this bullishness?)

Slides: https://khov.gcs-web.com/static-files/803492fe-b081-40cc-99df-747300a67418

Vegas Reid airport sees record number of June passengers; Southwest leads way

And their casinos broke records.

The state’s 439 licensed casinos won $1.404 billion from players in July, a 6.7 percent increase over a year ago when there were 453 casinos operating.

Strong

Builders up thx to $HOV up 15% on earnings. Raised guidance.

Lyft and uber up

Weak

Vin Fast Auto VFS down 10%

Yields

Volatility

What to watch

Watch mag 7

Watch yields

Florida gulf coast hurricane Idalia

Crypto (are animal spirits alive?)

Economic data

https://www.marketwatch.com/economy-politics/calendar

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Podcast EP 40 Window Dressing (Aug 30) 15:22 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 40 Window Dressing (Aug 30)