(Electoral) College Dropout
Who knew a call to unity would be so divisive?
“Let’s keep your opinion on politics out of it.
“I’m not associated with either party. I don’t think either is trying to do what’s best for the people.
“You guys seem to lean toward Republicans and, I don’t care, but I don’t need to hear your views on how the other side is.”
For the record, we try to approach things from every side.
Moving on, a reader with the opposite opinion — we think — says:
“Genuine ‘golf applause’ to the reader and editor.
“Well said and well intended.”
We’re familiar with what’s said about good intentions.
Finally, a reader writes…
“Your respondent left out one thing [yesterday] — the unity that we’re searching for starts at the top.
“This President will never bring the country together because he just doesn’t care (except about making money). I think he never thought he would win and now we live in the most divisive time of my 75-year-long life.
“Let’s wait until Mueller’s report comes out to see if the election was truly a fair one. The electoral college is so obsolete for modern-day elections as we are the only country where the popular vote doesn’t win a presidency.”
The electoral college was actually a theme of much of the feedback we received. Readers seem to be saying they’d get behind a President who was democratically-elected (i.e. winning the popular vote).
Thoughts on the electoral college?
Your Rundown for Friday, January 11, 2018:
Target In The Crosshairs
Seems like retailers just can’t win.
Despite strong holiday sales, retail stocks experienced a selloff yesterday, including Macy’s which had its worst single-day loss in history.
Take a look…
- Macy’s (almost -18%)
- Costco (-1.5%)
- Kohl’s (- 9%)
- Target (- 5%)
Not only that, the SPDR S&P Retail ETF dropped, too.
Interesting thing: Something similar happened last year — again, after strong holiday sales in 2017.
So which retail stock’s most likely to bounce back this year? (It’s actually on the bulleted list above.)
Target joined in the retail rout yesterday after online sales fell short of expectations; on the other hand, holiday sales in 2018 increased 5.7% over the previous year.
The retailer also increased full-year guidance from $5.30 to $5.50; Credit Suisse gives it an “outperform” rating with a price target of $79. Shares are selling for $68.29 this morning.
Might want to buy while Target’s a bargain.
Market Rundown for Fri. January 11, 2018
S&P 500 futures are down 11 points to 2,583.
Oil is down 67 cents to $51.92 per barrel.
Gold’s up $5.40 to $1,292.80 per ounce.
Bitcoin is up $13.36 to $3,681.53.
Have a good weekend. We’ll circle back Monday.
For the Rundown,