Market Update Newsletter 10/3/23

Futures are lower after a mixed closed yesterday. The Dow down .2%, S&P 500 unchanged and Nasdaq .67%. Bitcoin is sitting at $27k.

10 year Treasuries are at their highest level since 2007, 4.7%. This is good for Billionaires but less good for everybody else.

Chipotle (CMG) is testing a robot that will make certain dishes like burrito bowls and tortilla chips. Great way to lower costs, but still far away from being viable.

Jamie Dimon, CEO of JP Morgan is again sounding the alarm. At this point I think he is doing it purposefully to lower expectations.

Stocks Im Watching

Nvidia (NVDA) raised to $750 with overweight rating.

Valero (VLO) double raise with $171 and $144 price targets. Oil can't be stopped.