One of Those: "Is This Really Happening?" Moments

A main reason why we do not delve into politics (beyond a specific thesis for given stock or sector) is that it can only serve to distract you from the message of the market. Indeed, the market can be tough enough, as is, beyond commingling political views and expectations.

As an example, note the stock market soaring under President Obama for years on end, seemingly in the face of the notion held by many that he was decidedly bad for capitalism. Alternatively, note solar stocks rallying under Trump and a Republican-controlled Congress while they faltered under Obama and Democrats. 

So, as you can see, you pick your bias and let it cloud your judgement. Or you can keep the noise out of the picture and focus on what the market is actually doing. 

In the case of The New York Times, we have previously noted the much-improved chart--Note the weekly timeframe, updated below. One of our Members astutely pointed out the name was breaking the key $18 level again today. 

In front of earnings one week from today, NYT may be on the cusp of one of those "is this really happening?" moments. At a minimum, shorts ought to beware, even if you would never consider going long the name for political reasons. 

Still, the price action is decidedly improving and flashing signs of a major bottom, just as the newspaper garnered headlines for previously being on the cusp of failing. 

We all try to be objective, but the subtle signs of tilt and subjective political views can often creep into the picture even when we delude ourselves into thinking they have not.