No change in our view detailed in a very long overall video. New reports this evening suggest the President is leaning toward Powell for the new Fed Chairman. 
 

Hottest frenzy: the iPhone X – pensive    

LightPath and Apple are mentioned in the main video; so I just want to add that Samsung and Google are both big winners, not losers, if the iPhone X is a big success beyond the initial frenzy to obtain a launch day ‘ten’. Most of you know this but Samsung makes the 5.8″ OLED screen on iPhone X and Google is the default ‘search engine’. So yes, Google pays, some say (it is not precisely known), about $3 billion a year TO Apple for having it as the default search engine. 
 

Overall Apple seems to be proving critics wrong about domestic US demand for the iPhone X-pensive as I like to term it; but in Europe and China we are not aware of the reception, probably strong initially, but not for mass market dominance overseas I suspect. As it is the iPhone X-pensive however, that does create a cachet again for Apple’s top model (which is much like the 5.8 screen because it somewhat is; with Apple software and internals primarily). 
 

So far the markets have persistently ignored both politics and geopolitical inferences although the Oil and FX (foreign exchange) markets have been roiled a bit; both moving as desired, with respect to firm Oil and US Dollar.     

Weekend (final) MarketCast

Midday (intraday overview) MarketCast