From CNBC,
Dow, S&P 500 close at fresh records, log big gains for the week after Fed rate cut.
The S&P 500 index was up 0.5 percent on the day and up almost 1 percent for the week. CNBC quotes a market analyst,
While September has historically delivered pullbacks, this year’s market has defied that pattern — climbing 35% since March with strong technical and fundamental tailwinds.
Meanwhile, things aren’t so rosy in the land of the Mouse. Stock for the Walt Disney Company (ticker symbol: DIS) was down almost 1 percent today and down more than two percent for the week. Disney, of course, is the parent company of ABC and the employer of Jimmy Kimmel.
From Business Insider,
‘We vote with our dollars’: People are boycotting Disney and canceling their streaming subscriptions.
The outlet reports,
Those angered by Disney-owned ABC’s decision to take Kimmel off the air are turning to a new pressure point to express their anger at the House of Mouse: canceling their streaming subscriptions.
No numbers to back that up yet, but the sentiment is out there.
From my youth, I recall Disney as the ultimate middle-America company, offering wide appeal to the vast majority of those in the middle of the bell curve, on every dimension.
If Disney had a political agenda back then, I was blissfully unaware. At some point in the past decade or two, the company went full woke.
Never go full woke.
Now that the cultural pendulum is shifting back, Disney is caught in the middle. They can’t abandon woke without angering their most anger-prone subscriber base and won’t win back their long-lost right-leaning, family-oriented audience without ditching the woke.
Still, I have zero sympathy. They made their bed…
