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June 25, 5:00 pm EST Last Thursday we talked about the important Supreme Court ruling, which would subject internet sales to state tax. As I said, this was another “level the playing field” step for the Trump administration. And another shot across the bow of the tech giants — the near monopolies that have destroyed industries over past decade, in large part to the regulatory advantages they’ve enjoyed relative to their old-line industry peers. With that, on Thursday, we looked at this big reversal signal that developed in the tech-heavy Nasdaq — an ominous signal for the tech giants. |
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Today, we got this …
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And this, in Amazon…
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Meanwhile, what was UP on the day? Brick and mortar retail. Walmart was up 2%. Target was up 1%. A lot of attention on the day, from the financial media, was given to trade threats. But this domestic “level of the playing field” is the real story. Join our Billionaire’s Portfolio today to get your portfolio in line with the most influential investors in the world, and hear more of my actionable political, economic and market analysis. Click her
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