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Thursday, March 28, 2024

Some Pressure on Markets from Cisco (CSCO) Comments

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Apparently, Cisco’s CEO Chambers was on Bloomberg and said government spending to “get tougher”.  With thousands of computers scanning for words or apparently listening for them we had a quick flush down en masse, but now have stabilized a bit.  It is a pretty innocent statement and not surprising but you never know what little catalyst will move things – up or down.

The S&P 500 sits a tad yearly highs that it reached early last week and retested yesterday.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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