Coach Mark here.

I did not expect to lead with GM in the Tackle Today this morning but I also did not expect GM to raise their dividend, back their 2023 guidance and announce a $10 billion share buyback program! That is exactly what occurred and GM shares are up around 10% at the time I am writing this.

Today’s news on GM is symbolic of the future. Not the future of cars or innovation, I will let others debate that, but of the coming year. You will have lots of people talking slowing growth, unemployment, The Fed, interest rates and all kinds of real-world macro narratives in the coming year. While we all engage in those discussions companies will be running their companies.

Some companies will be run exceptionally well. Others will not. Some will struggle, others will have amazing news. Some charts will have amazing uptrends. Others will be on the opposite end of the equation. Something to keep in the back on one’s head.

Have a fantastic Wednesday and do not forget to check out our Holiday Sale at Tackletrading.com and be part of this amazing community!

GM

Gap ups of this size are hard to act upon in the short-term but it will be very interesting to see if GM forms a secondary pattern after the news.

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