Initial Dip Leads to Records For The Dow & The S&P – $AAPL $FATE $INMB $INVO & Healthcare Move Higher!

Happy First Day Of The Week!

I hope that all of you were successful in the markets today.   As for the markets, we digested an early morning selloff for a good 1.5 hours prior to seeing at least the S&P 500 & the Dow turn green. Many blamed the downturn on the head spinning and unfortunate ‘hat trick’ of events that hit investors over the weekend. The stories included the widely reported explosive growth of the Delta variant/increased pressures on growth, the realization that the Taliban seized control of Afghanistan as the US pulls out, & the stories that the Fed may begin tapering its purchases as soon as Oct. 2021.  The yield curve also saw volatility in reaction of these recent events, as the 10-yr treasury yield closed lower by 4 basis points at 1.26% & the 2-yr yield moved down 2 basis points to close at .20%. The U.S. Dollar Index closed up .1% at 92.62. Gold prices moved up $8 to close at $1,788 and silver closed at $23.87, +$.12. 

At the end of the day, Monday’s markets proved to be yet another split between the ‘haves’ (large caps) and the ‘have nots’ (small/growth issues) when you looked at the indices. The S&P 500 closed at 4,479.71 (+.26%) another new record close, the Dow 30 closed at a record high too at 35,625.40 (+.31%). The healthcare sector was strong today moving up 1.1% as was Apple (AAPL), which realized another new record high to help all concerns closing at $151.12, +1.35, but Tesla (TSLA) dropped off to close at 686.17, -4.32% as stories regarding the autopilot probe blossomed. The Energy sector closed down sharply by 1.8% as oil prices moved lower by .7% to close at $67.34/bbl.  In addition, the materials sector was off .5%, the consumer discretionary was off .4%, & the financials slipped .2% adding the increased downward pressure as growth concerns increased. The smalls on the Russell 2000 also closed lower at 2,203.41 (-.89%), while the MicroCaps also ticked lower again as the iShares Micro-Cap ETF (IWC) closed at $141.75, (-1.44%).

The macroeconomic schedule delivered somewhat sobering news that the Empire State Manufacturing report for August fell to 18.3. Tomorrow’s schedule will be a bit busier and will produce the Retail Sales report for July, the Industrial Production and Capacity Utilization report for July, the Business Inventories report for June, & the NAHB Housing Market Index report for August. 

BIOTECH INDICES LOWER – $FATE $INMB UP!

The SPDR S&P Biotech ETF (XBI) closed at $121.79, -2.27%, the iShares Nasdaq Biotechnology ETF (IBB) closed at $167.40, -1.18% & the NYSE ARCA Biotech Index (^BTK) closed at 5,740.69, -1.14%.

A couple of biotech stocks in the VP Watchlist rose today as follows:

1. INmune Bio (NASDAQ: INMB), a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease including Alzheimer’s disease, closed at $16.88, +1.81% after hitting $17.38 in intraday trading, 
2. Fate Therapeutics (FATE), a clinical-stage biopharmaceutical company dedicated to the development of programmed cellular immunotherapies for patients with cancer, closed at $87.63/share, +1.06%. The 52-wk high is $121.16. 

TECH

The tech sector dropped to a session low dropping 1.1% during session prior to recovering somewhat by the end of the day. Shares of chip maker NVIDIA (NVDA) closed at $199.50, -1.18%.  Amazon.com (AMZN) closed at 3,298.99, +.15%. According to Reuters, Amazon (AMZN) founder Jeff Bezos’s Blue Origin is suing the U.S Government over NASA’s awarding a $2.9B lunar lander contract to Tesla (TSLA) founder Elon Musk’s SpaceX.

MEMES MOVES

AMC Entertainment (AMC) closed at $35.69, +6.63% after reaching an intraday high of $36.14 and a low of $332.71 & GameStop (GME) also closed at $163.93, +.87%. “Short sellers alone aren’t enough to contain the bulls”, stated Jim Cramer during his Mad Money Recap last week.

Virgin Galactic Holdings (SPCE) closed at $25..33 down another .16% or more than 26% in the last week. Again, could we possibly be getting somewhere close to support levels?

Infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) closed at lower again today at $47.19, -6.79%, but still higher then IPO shares which were sold recently at $38! Are we coming back to IPO levels sometime soon as this shiny new nickel becomes dull? 

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP, $1.12, -4.27%). SHIP, the only pure-play Capesize ship-owner publicly listed in the US, announced last week that its Board of Directors has authorized a share repurchase plan. Under the Plan, the Company may repurchase up to $17 million of its outstanding common shares, representing approximately 10% of the Company’s market capitalization as of August 10, 2021. 

Economic Reports

• On Monday, the macroeconomic schedule delivered the Empire State Manufacturing report for August fell to 18.3.

Investing & Inspiration

1. “Like wildebeest and zebra migration across the Serengeti, investment managers and consultants, too, have a habit of running together and, every now and then, changing direction.” – Sanjaya Baru
2. “If people are anything but enthusiastic about the information or ideas that they’re sharing, they’re either not that invested in what they’re doing – or they’re not communicating that investment effectively.” – Ana Kasparian 
3. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
4. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
5. “It’s only natural that the heavy users help contribute to the investment to keep the Web healthy. That is the most important concept of net neutrality.” – Lowell McAdam
6. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

7. “Eliminate emotion from your investment program.” -John C. Bogle

8. “Modern medical advances have helped millions of people live longer, healthier lives. We owe these improvements to decades of investment in medical research.” – Ike Skelton
9. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
10. “An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can’t easily recognize that they are the same.” – Daniel Kahneman
11. “The return on investment in global health is tremendous, and the biggest bang for the buck comes from vaccines. Vaccines are among the most successful and cost-effective health investments in history.” – Seth Berkley
12. “Few things in the world are more powerful than a positive push. A smile. A world of optimism and hope. A ‘you can do it’ when things are tough.” – Richard M. DeVos
13. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
14. “We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort.”  – Jesse Owens
15. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
16. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
17. “The secret of your future is hidden in your daily routine.” – Mike Murdock
18.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
19. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
20. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

21. “Human behavior flows from three main sources: desire, emotion, and knowledge.” – Plato

22. “We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.” – Swami Vivekananda
23. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

24. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll

25. “Don’t worry about being a star, worry about doing good work, and all that will come to you.” – Ice Cube

26. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

27. “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr (Danish Physicist)

28. “It is indeed true that the stock market can forecast the business cycle.” -Paul Samuelson

29. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sacks

30. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
31. “Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.” – Thomas Sowell
32. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
33. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

34. “View health as an investment, not an expense.” – John Quelch

35. “Opportunity does not knock, it presents itself when you beat down the door.” – Kyle Chandler

36. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
37. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
38. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
39. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
40. “A problem is a chance for you to do your best.”–  Duke Ellington
41. “The best way to predict the future is to create it.” -Peter Drucker
42. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
43. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
44. “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather
45. “While I’m sure some millennials are concerned with the ethical issues involved in mining for diamonds, the main reason they steer clear of the gems is because, well, they’re a dumb investment.” – Ana Kasparian
46. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sack
47. “We must shift our thinking away from short-term gain toward long-term investment and sustainability, and always have the next generations in mind with every decision we make.” –  Deb Haaland
48. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
49. “If you believe in yourself and have dedication and pride – and never quit, you’ll be a winner. The price of victory is high but so are the rewards.” – Bear Bryant

50. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” -Liya Kebede

51. “Success is not final, failure is not fatal: it is the courage to continue that counts.”– Winston Churchill

52. “Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius

53. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
54. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
55. “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.” – Elon Musk
56. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
57. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
58. “Netflix, Amazon, iTunes – whatever platforms emerge – we are looking at as having the same potential that home video had for the movie business. Which means there are entirely new opportunities to monetize our capital investment in content and do so in ways that work for distributors, for consumers and for creators.” – Bob Iger

59. “When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.” – Carl Icahn

60. “No other investment yields as great a return as the investment in education. An educated workforce is the foundation of every community and the future of every economy.” – Brad Henry
61. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu

62. “Modern medical advances have helped millions of people live longer, healthier lives.

63. We owe these improvements to decades of investment in medical research.”– Ike Skelton

64. “Stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.” – John Paulson

65. “Your mindset matters. It affects everything – from the business and investment decisions you make, to the way you raise your children, to your stress levels and overall well-being.” – Peter Diamandis
66. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
67. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
68. “I think you have to learn that there’s a company behind every stock and there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.” – Peter Lynch
69. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
70. “The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” – George Soros
71. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
72. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
73. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
74. “When purchasing depressed stock in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt.” – Peter Lynch
75. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

76. “Investment is most successful when it is most businesslike.” – Ben Graham

77. “Value stocks are about as exciting as watching grass grow, but have you ever noticed just how much your grass grows in a week?” – Christopher Browne

78. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
79. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
80. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
81. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
82. “There are only three measurements that tell you nearly everything you need to know about your organization’s overall performance: employee engagement, customer satisfaction, and cash flow. It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE
83. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
84. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
85. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
86. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
87. “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” — Warren Buffett
88. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
89. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
90. “Know what you own, and know why you own it.” – Peter Lynch
91. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
92. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

93. “Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

94. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
    -Jeremy Siegel
95. “With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” — Carlos Slim Helu
96. “If we like a business, we’re going to buy as much of it as we can and keep it as long as we can. And when we change our mind, we don’t take half measures.” – Warren Buffett

97. “The most contrarian thing of all is not to oppose the crowd but to think for yourself.” — Peter Thiel

98. “Never depend on a single income, make an investment to create a second source.” Warren Buffet

99. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
    ― Warren Buffett
100. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
101. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
102. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
103. “As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.” — John Maynard Keynes
104. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
105. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
106. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
107. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
108. “Men, it has been well said, think in herds. It will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay
109. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
110. “No Price is too low for a bear or too high for a bull.” — Anonymous
111. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
112. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
113. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
114. “It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.” ― Robert Shiller
115. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
116. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
117. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
118. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
119. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
120. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
121. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
122. “Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” – Peter Lynch
123. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
124. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
125. “Know what you own, and know why you own it.” – Peter Lynch
126. “Liquidity is only there when you don’t need it.” -Old Proverb
127. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
128. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
129. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
130. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
131. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
132. “The rivers don’t drink their own water; Trees don’t eat their own fruits. The sun does not shine for itself, And flowers do not spread their fragrance For themselves. Living for others is a rule of nature” – Pope Francis
133. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
134. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
135. “I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!” -Bill Gates
136. “Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.” – Suze Orman
137. “The tax on capital gains directly affects investment decisions, the mobility, and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.” – John F. Kennedy
138. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
139. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
140. “Let this scenario play out on its own, in its own fashion. As you watch it unfold, you will soon be grateful that you choose the peaceful path. Remember — those who live by the sword, die by the sword.”
141. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
142. “I rarely think the market is right. I believe non-dividend stocks aren’t much more than baseball cards. They are worth what you can convince someone to pay for it.” -Mark Cuban
143. “Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” -Bruce Kovner
144. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
145. “The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.” -Philip Fisher
146. “I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” -Richard Dennis
147. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
148. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger