Musk Will Not Be Joining Twitter’s Board

The stock market is down again today. This could be our fourth down day in the last five sessions. At the time I’m writing this, the S&P 500 is off by 1.03%. Tech stocks are especially weak, but the Russell 2000 is barely positive. Among the different sectors, financials and industrials are both positive.

The surprising move is in the bond market. The 10-year yield is now up to 2.75%. In July 2020, it was yielding just 0.55%.

We’re starting to get earnings dates for the upcoming earnings season. The reports will start coming out around April 20. Between then and mid-May, 21 of our 25 Buy List stocks are due to report.

The big news this morning is that Elon Musk will not be joining the board of Twitter. If I had to guess, I’d say the lawyers had a chat with him and told him that as a board member, his public comments would be under a microscope. Even Elon Musk won’t take on the SEC. Twitter’s stock is up so he’s making money from the news.

Posted by on April 11th, 2022 at 10:55 am


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