The Whomp: Put A Spell On You

Not Financial News. Financialtainment | February 28, 2017

DAILY WHOMP

A group of occultists gathered on Friday at the stroke of midnight to perform a spell on “Donald Trump and All Those Who Abet Him.” Armed with an unflattering photo of the Prez, a tower tarot card, and a stubby orange candle, groups of self-proclaimed witches gathered outside the Trump Tower DC, Mar-a-Lago, and Trump Tower NYC to cast a spell on the leader of the free world. The spell is to be repeated at midnight on every waning crescent moon until he is removed from office, or until crescent moons are banned. We haven’t burned witches in this country since the 17th Century.

IN THE MONEY

  • Senate confirms Wilbur Ross as Commerce Secretary Hill
  • SpaceX to fly passengers on private trip around the moon in 2018 Space
  • Moms are more sleep deprived than ever: survey CBS
  • Budapest drops 2024 bid. No countries want to host the Olympics CNN
  • Why more men are going into debt for plastic surgery MarketWatch

SHOP TALK

Good market news keeps coming. The Dow closed at a record high for a twelfth straight session, as U.S. stocks traded up altogether on Monday. Donald Trump said at a meeting with state governors he would make a “big” infrastructure statement and introduced his first budget proposal. The President is seeking an “historic” increase in military spending of more than 9 percent, or $54 billion.
 
Defense stocks such as Boeing led the charge. The S&P 500 also closed at a record high boosted mainly by energy names. The U.S. President’s comments came as he readies his first address to a joint session of Congress Tuesday evening.
 
Investors will be watching his speech closely. Several trillions in investments are at stake. The market may be at its highest point ever, yet, from the bullish camp, Warren Buffett said that despite the rally equities are still “on the cheap side.”

THE NUMBER

34: Millions of viewers who tuned in to watch Sunday’s Academy Awards. That’s a 4% dip from last year in what has been a steady decline in Oscars viewership: Hollywood Reporter

DEAD THINGS

Bill Paxton, whose acting career included films such as “Twister,” “Aliens,” “Apollo 13” and “Titanic,” passed away on Sunday due to complications from surgery, his family said in a statement. A well-liked Hollywood all-timer, his death ruined the Oscars long before Warren Beatty and Faye Dunaway read the wrong film for Best Picture. He was 61. Mag the Mighty also passed this weekend. Neil Fingleton, “Game of Thrones” star and the UK’s tallest man, reportedly died of heart failure on Saturday. The 7ft-7in actor and basketball player was among the 25 tallest men in the world. He was 36.
 
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