Weekly Market Report – February 29, 2024

Feb 29, 2024 | 0 comments

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Restaurant & Retail Updates

Mochinut plans to open soon in a former Mathnasium space at 3605 North 147th Street. That’s a retail strip along the south side of West Maple Road that also has a Chipotle and First Watch. Mochinut sells mochi donuts, which originated in Hawaii and are a combination of American donuts and Japanese mochi. The Los Angeles-based chain has 150 locations in the United States, South Korea and Thailand.

Graze Craze Charcuterie Boards & Boxes has opened 220 South 31st Avenue in Midtown Crossing. The West Palm Beach, Florida-based chain now has 69 locations in 28 states. Other nearby locations include Lincoln, Kansas City and Denver.

D’Leon’s Taco Rico opened this past Monday at 1201 East Pierce Street in Council Bluffs, according to Ed Petsche of NAI NP Dodge, who represents D’Leon’s. The Lincoln-based chain has five Omaha locations.

Two restaurants are coming to the southwest corner of 120th & L Street, according to Lee & Associates. Site improvements started this week for a Scooter’s right on the corner. Just to the west, construction is expected to begin in 90 days on a Burger Detour. Locally owned Burger Detour recently opened its first location at 183rd & West Maple Road and has a second one under construction near 204th & Pacific Street.

Abelardo’s Mexican Fresh will open a restaurant inside the former Sinful Burger Sports Grill space at 4005 Twin Creek Drive in Bellevue. Papillion-based Abelardo’s has 50 locations in six states including 13 in the Omaha metro area.

Hawaiian Bros. Island Grill has announced that its first Nebraska location will open in mid-March in Gretna, according to the Omaha World-Herald. The restaurant is at 16171 Steven Pointe Circle in the Wick’s Southpoint development.

The Back Nine, an indoor simulated golf venue plans to open in a 2,140 sq. ft. space at 10730 Pacific Street in Regency Landing, according to The Lerner Company. The Back Nine is open 24-hours-per-day and allows customers to play simulated versions of famous golf courses. The St. George, Utah-based company currently has 12 locations in Utah, Nevada, Arizona, Tennessee and South Carolina.

Joy Foot Spa plans to open this spring at Westroads Mall. The local spa concept has the same ownership as Tranquility Spa, which is also located in the mall.

Doodle Art has leased a 967 sq. ft. space at 2800 South 110th Court next to Security National Bank in Rockbrook Village, according to ACCESS Commercial. The business will offer children’s sensory art classes starting this summer.

Muchachos, a Mexican BBQ fusion restaurant at 1258 South 13th Street, closed permanently this week. The restaurant had only been open for 10 months.

Brought to you by:

The “Restaurant & Retail Updates” section is sponsored by Anderson Convenience Market, featuring Quality AMOCO Fuels and serving Omaha since 1952, and proud to announce the return of Quality Amoco Fuels. Look for changes this Summer at Anderson Convenience Market – 8 Omaha area locations!

Learn more about Anderson Convenience market at www.Anderson1952.com

Grow Omaha Eats with
Sarah Baker Hansen

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Review: At the Stuffed Olive, martinis are served up with a shot of 90s nostalgia

By Sarah Baker Hansen

I’ll admit it: I can be a bit of a cocktail snob. (I know, you’re all gasping with surprise.)

So when I saw The Stuffed Olive, a new bar in the Capitol District serving a massive menu of martinis had opened, I felt excited, but also trepidation: Martinis? More than a hundred of them? Can they possibly be any good?

It turns out that the answer is yes, many of them are good, nicely executed if mostly on the sweeter side of the cocktail spectrum. There’s also a sizable list of non-martini cocktails, and we found those also to be well executed and often tasty. We also made our way through several of the small plates during two recent visits, some of which I’d recommend and some which I’d recommend skipping altogether.

The Stuffed Olive is the latest of a duo of bars — Roxxy is the second — that are newly opened on Capitol Avenue and owned by Harmonic Hospitality, based in Cedar Falls, Iowa. They run locations of the Stuffed Olive in Iowa City and Cedar Falls. The Omaha location is their third.

Inside, the bar is decorated in neutral tones of gray studded with lots of sparkling chandeliers, both booth and table seating as well as a long bar, which proved to be a popular spot during happy hour or before a show at Steelhouse or a Creighton basketball game.

My personal preference would be for those chandeliers to be turned down a notch, as it all felt rather bright. I like my bars to be moody, and moody the Stuffed Olive is not.

We stuck to a couple of classics on our first visit, opting for a Manhattan from the classic cocktail menu and a Boulevardier, a classic drink from the 1920s made with sweet vermouth, Campari and whiskey, which is on the martini menu though not generally served in a martini glass, like this one was. Both drinks were good: balanced, well mixed, what we expected.

Several dishes on the food menu prominently featured olives, and we tried both the stuffed olive sampler and the fried olives.

The stuffed olives come with a wide variety of “stuffings,” including cheese, jalapeno, pimento and others. I’ll be blunt: the plating on this dish is sloppy, and being the namesake dish on the menu, the kitchen could take a bit more care with it. Our olives came in no particular order, with cheese smeared on the outside of some and bits of feta covering almost the whole plate.

That said, the olives are fun to eat, briny and bright, and pair well with boozy drinks. I particularly liked one stuffed with fresh chopped jalapenos. (I reached out to the restaurant for an interview, but did not hear back before my deadline.)

The fried olives come served hot with a crispy exterior breading that leads to a bite that’s a bit juicy from the briny interior, salty from the crisp crust and creamy when you use the mayo-based bowl of dipping sauce.

We also liked a pair of small sliders topped with just-spicy ghost pepper cheese and onion jam, lending a spicy-sweet finish, and soft, warmed buns.

The Cajun salmon slider was my least favorite of the small plates we tried: cubes of salmon came served with a side of sticky rice topped with a drizzle of sauce. The fish tasted dry, with barely a hint of Cajun spice, and though our server said it was one of the most popular dishes at the restaurant, it’s one I wouldn’t recommend. In photos I saw of this dish online, the salmon is covered in sauce, but ours was not.

Better is the sweet and spicy Sicilian flatbread, which packs plenty of flavor and comes topped with balsamic onion jam, mushrooms, Italian sausage, scallions, queso fresco and both a ghost pepper cheese and a five-cheese blend. The edges are particularly good, but the center of the crust does get a bit soft because of the heavy toppings.

The cheese and charcuterie boards come in two sizes, one for two people and a second for a larger group. We ordered the smaller of the boards and got enough food for at least two. It comes with sliced salami, turkey, ham and prosciutto; cubes of cheddar and jack cheese; toasted baguette; sliced fruit and vegetables; and three dips: hummus, an onion jam and a bruschetta mix of cheese and tomato. It’s probably the plate I would most likely order on a return visit: easy to share, easy to like, nicely plated.

Another night, we took a dive right into the depths of the martini menu, trying four drinks: a flirtini (yes, I ordered this one solely because of the “Sex and the City” reference); “The Dude,” a white Russian in martini form, an espresso martini and a daiquiri martini.

The Dude, as you might expect, is a boozy milkshake in a martini glass, but who am I to fault Jeff Bridges? It’s delicious. A hint of sugarcane came through in the daiquiri martini — I’m a big fan of a classic Hemingway daiquiri, and this one hit the right notes of lime, sugar and rum.

All my SATC dreams came true with the Flirtini (season 3, episode 8, watch out for Samantha’s language if you have children around.) The Stuffed Olive version isn’t quite what Carrie describes (vodka, pineapple and champagne) but it’s close: raspberry vodka, peach schnapps, pineapple juice and Moscato, with a bit of raspberry schnapps sunk to the bottom. It’s sweet, fruity and very pretty.

I expected the espresso martini to be heavy cream filled, but I was wrong: it was dark and smooth, with a hint of mocha, and quite nice, if you like that sort of 90s throwback moment, which I do.

Not everything at Stuffed Olive is great – look for the hidden gems — but by and large, the drink menu is a fun throwback with some classics that are well executed, and worth trying if you’re looking for a night out somewhere new.

The Stuffed Olive
https://harmonichg.com/brand/stuffed-olive-omaha/

1140 Capitol Avenue

(402) 953-1985

Hours:
Mon – Sat:
3p – 2a
Closed: Sunday

Grow Omaha Eats with Sarah Baker Hansen is sponsored by Cheer Athletics, one of the largest and most respected All-Star cheerleading programs in the United States. The Omaha location is at 14620 Gold Coast Road, near Highway 370 and 144th Street. Learn more HERE!

The Big Story

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Updates on the Streetcar Project

The Omaha Streetcar Authority held an open house last week at the Blackstone District’s Kimpton Cottonwood Hotel, which is located along the future route. The purpose of the event was to provide a progress update and gather public input.

A large crowed turned out for the event and interacted with public officials and designers/engineers. The design plans displayed at the open house were 60 percent complete. A previous open house last year had 30 percent completed designs.

Attendees learned about proposed streetcar station locations along the route and learned about the proposed vehicles, financing and construction phasing. Here are a few key updates:

Route & Stations

The route remains the same – east/west along the Farnam and Harney streets corridor; north/south along the 10th and 8th streets corridor.

The western terminus will now be at 39th Street instead of 42nd Street. This change was made to give the University of Nebraska Medical Center time to finalize its campus expansion plans. Those plans could have an effect on the future streetcar route west of 39th Street. There’s a good chance the western expansion could end up happening in conjunction with the system’s grand opening or very soon after.

At most of the future stops/stations, passengers will board and exit the streetcar from the sidewalk. In the Blackstone District, however, three stations – Turner Boulevard, 33rd Street and 37th Street – will have passengers will use median platforms in the middle of Farnam Street.

Bridge Replacement

As part of the project, both the Harney Street and Farnam Street bridges over Interstate 480 will be completely rebuilt. That work will start this summer.

Construction & Completion

Preliminary work has been underway along the route for some time now. In fact, crews are currently doing underground utility work along Farnam Street near 17th and 18th streets. Actual route construction will begin in earnest this summer.

Completion is anticipated to occur in the winter of 2026-27.

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Grow Omaha Snippets

Grow Omaha Snippets Sponsored by:

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Work is now underway to convert the former Omaha Housing Authority office building at 27th & St. Mary’s Avenue into Youth Emergency Services’ new campus. Crews have demolished the northern portion of the old OHA building to make way for a 4-story addition. Youth Emergency Services helps Omaha’s homeless youth population.

Construction is underway, and the steel frame is in now place, for a future Chase Bank branch in Gretna near 194th & Highway 370.

Joslyn Art Museum, which has been closed since May 2022, announced it will reopen September 10th. Construction has been underway on a $100 million addition known as the Rhonda & Howard Hawks Pavilion.

PH Development of Bellevue, Wash. is planning to covert the vacant, former Aksarben Suites Hotel at 7270 Cedar Street into a 181-unit apartment building. The 6-story, 193,000 sq. ft. building was originally a Granada Royale Hotel and then became an Embassy Suites Hotel. Construction could start this summer and be completed by spring of 2025.

Neeraj Agarwal of Clarity Development Company plans to convert a vacant office building at 1904 Farnam Street into 54 affordable apartment units with 6,000 sq. ft. of street-level retail. The 7-story building totals 61,000 sq. ft. The $23 million project could be completed as early as spring of 2025.

Several projects are underway northeast of 72nd & Grover Street. Construction continues on Macadoodles Fine Wine, Beer & Spirits, which will open next month, as well as a retail building in which Salty Dog Bar and Grill will open a second location. Further east, construction is wrapping up on a Fairfield Inn. Next to the hotel, construction is going vertical on MH Hospitality’s 2-story, 7,500 sq. ft. future corporate office and warehouse.

The Aksarben Curling Association plans to build a $7 million curling facility at Tranquility Park northwest of 120th & West Maple Road, according to WOWT. This project would be in addition to the massive overhaul of Tranquility Park that has already been approved. The organization is still raising funds.

The Federal Railroad Administration is proposing several new Amtrak passenger railroad routes including one that would provide Omaha with north-south service. The route would start in Minneapolis and then connect to Sioux Falls, Omaha, Kansas City, Wichita, Amarillo, Albuquerque, Flagstaff and Phoenix. There are no guarantees the route will actually be completed. Omaha currently has east-west Amtrak service on a route between Chicago and San Francisco.

The Sleep Foundation released a survey which found that Omaha is the #8 city in the nation for best sleep. Lincoln ranked #5. The top three cities for best sleep are, in order, Portland, Seattle and Minneapolis. The worst cities for good sleep? Detroit, Cleveland and Newark, N.J.

Visiting Nurse Association will host its 27th annual Art & Soup fundraiser on Sunday, March 10th at the Omaha Design Center. All proceeds from the fundraiser help VNA continue to provide public health nursing services to children, youth and adults in metro area domestic violence shelters, homeless shelters and maternity homes. Details and tickets are available HERE.

Grow Omaha Snippets are brought to you by Omaha Car Care with four metro area locations – 131st & Dodge, 58th & Center, 85th & L and 144th & Harrison.

Omaha Car Care “We’ll be along for the ride.”

Business News

Local Business News Sponsored by FranNet of The Heartland:

AMCON Distributing Company, an Omaha-based convenience and foodservice distributor, has acquired a new distribution facility in Colorado City, Colo. The 249,200 sq. ft. facility sits on 38 acres and will feature significant refrigerated and frozen capability, refrigerated docks, extensive docks, parking and excess land for future expansion.

Great Plains State Bank is relocating its Omaha branch office from 15858 West Dodge Road to 17041 Lakeside Hills Plaza. The newly remodeled space will open Monday, March 18th.

Valmont Industries, Inc. has declared a quarterly dividend of $0.60 per share payable on April 15, 2024, to shareholders of record on March 29, 2024. The dividend indicates an annual rate of $2.40 per share.

Over the years, Warren Buffett has referred to “forever stocks” as holdings he would like to hold onto indefinitely, according to Yahoo Finance. Coca-Cola and AmEx are examples. In the annual shareholders letter Buffett released last week, he identified Occidental Petroleum as a forever stock. Berkshire Hathaway owned 27.8 percent of the Houston-based company and has regulatory approval to buy up to half of it.

Werner Enterprises, Inc. has declared a regular quarterly cash dividend of $0.14 per common share. This dividend will be paid on May 1, 2024, to stockholders of record at the close of business on April 15, 2024. Werner has paid a quarterly cash dividend to its stockholders every quarter since July 1987.

The Greater Omaha Chamber has named DBS Burke as its February Business of the Month. The marketing services company specializes in direct mail campaigns.

Bloomin’ Brands, owner of Outback Steakhouse, Carraba’s, Bonefish Grill and Fleming’s Prime Steakhouse, has closed 41 locations, according to Fortune. Most were older locations with leases from the 1990s and early 2000s. No Omaha locations were affected. The company now has 1,480 locations and plans to open about 45 new ones this year.

Existing U.S. home sales on a monthly basis (not annualized or seasonally adjusted) rose 1.3 percent year-over-year in January 2024, the first increase since November 2021, according to economist Ted C. Jones: “If you waiting for the housing market to bottom it just did and is already heading up.”

This section is sponsored by FranNet of The Heartland, the local, trusted franchise experts. They are “in the business of helping you get into business!”

Grow Omaha University

Leadership & Sales Insights for Ambitious People

Compiled by Grow Omaha co-founder and sales trainer Jeff Beals.

Sponsored by Dundee Bank

LEADERSHIP & MANAGEMENT

Inattention to results is the ultimate dysfunction of a team, according to Patrick Lencioni, author of The 5 Dysfunctions of a Team. It’s the tendency of team members to care about something other than collective goals. Why does it happen? Some members are simply unmotivated – just being part of a team is enough for them. Others focus on their own career or status rather than the team.

Ninety-four percent of employees say they would stay at a company longer if that company was invested in their professional development. If you ever wonder if training is worth it, there’s your answer.

Job candidates who don’t ask questions during an interview are hurting their chances, says Jenn Bouchard, Meta’s former global head of talent, and current chief people and administration officer at Figure 8. “If candidates don’t have follow-up questions that they’ve pulled through from the interview or if they just say ‘I’ve had all of my questions answered,’ that’s a red flag,” Bouchard told Fortune.

Business Travel January U.S.-based agency air ticket sales surpassed $8.9 billion, a new January record, according to Business Travel News. The total represents a 6.9 percent increase year over year and a 54.8 percent increase from December 2023. Total passenger trips for January were up 7.3 percent year over year to nearly 25.7 million, which also represents a 52.5 percent increase month over month.

Talent Shortage – At the start of 2023, there were 400,000 fewer people employed in the hospitality industries than in 2020, and an estimated 87 percent of restaurants were operating with insufficient staff, according to Business Insider. Restaurants have an annual turnover rate of 74 percent, the highest of any industry.

The top 25 percent of adult TikTok users in the United States by posting volume produce 98 percent of the public videos, while the bottom 75 percent of users produce just 2 percent of videos, according to The Hustle.

SALES

Attention Sales Leaders – Direct, one-on-one time with your salespeople is the best thing you can do to increase their results. Not taking this time is a sales manager’s biggest deficiency. Observing your people in the field or on the phone with actual prospects is one of the best ways to spend this one-on-one time.

Eighty percent of business decision-makers prefer to get company information from a series of articles versus an advertisement, according to Spotio.

The BragBird online sales training program gives you an edge when competing for new business. There are 40 modules, each a different topic with a video and matching workbook. It’s only $79 per month and group discounts are available. You can cancel at any time. If you’re ambitious, click HERE now!

WISDOM

“Time is a great teacher, but unfortunately, it kills all its pupils.” – Hector Berlioz

Founded in 2006 right in the heart of Omaha’s Dundee community, Dundee Bank is all about local ownership, friendly customer service, and supporting the needs of our beloved community. With nearly 100% of your deposits going right back into our neighborhoods, Dundee Bank is committed to fueling growth, enabling loans, and fostering stability for you and your neighbors. So why not open an account at Dundee Bank and discover what it means to truly support local?

https://www.dundeebanking.com/

Did You Know?

Surprising Facts, Figures & Points of Pride That Make Omaha Unique

This section is sponsored by Lockbox Storage.

Did you know that from December 2022 to December 2023, Omaha had a net increase of 6,900 jobs?

Did you know that the tradition of displaying a live, 40-foot Christmas Tree inside the Durham Museum goes back to the early 1930s? That’s when the building opened as Union Pacific’s passenger depot and the railroad started this beloved holiday tradition.

Did you know Omaha’s Henry Doorly Zoo & Aquarium had 75,000 members in 2023?

This section is sponsored by Lockbox Storage, an affiliate of Omaha-based McGregor Interests Inc. We provide storage solutions for all of your storage needs. Our facilities have full-time managers and bright lighting to provide superior security for your belongings. In addition to space for rent, we also provide packing supplies, protection plans and locks along with complimentary handcarts and dollies. Visit LockBox Storage and let us help you with all your storage needs.

Upcoming Events in the Metro

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Free Coworking Day at Elevator on March 4th: Mark your calendar for a monthly occurrence at Elevator Co-Warehousing! Each month, they’ll be hosting a free coworking day filled with good vibes, hot coffee and plenty of space. You’ll be surrounded by their lively community of go-getters and trailblazers! Upon arrival, make sure to ring the doorbell and let them know you’re there for the free coworking day.

Whiskey 101: Intro to Whiskey Class on March 7th: If you’re new to whiskey or just want to revisit the building blocks, Spirit World is hosting the perfect event for you. Join others for a Whiskey 101: Introduction to Whiskey class on Thursday, March 7th at 6:30 p.m. Their spirits specialist Bond will walk you through the various types of whiskey and how they’re made, along with samples. Get your tickets now!

Sip & Shop: International Women’s Day on March 8th: NFM is celebrating International Women’s Day with a special event. At Sip & Shop you’ll be able to indulge in wine tasting and create beautiful bouquets while you shop. Take some time to relax with pampering sessions, including massages by our skilled therapist. It’s time to treat yourself and celebrate the incredible women in your life. Reserve your spot now!

BRICKLIVE Brickosaurs happening until May 12th: It’s an exhibit millions of years and millions of bricks in the making! Experience BRICKLIVE Brickosaurs, an adventure of Jurassic scale at Omaha’s Lauritzen Gardens. This touring show boasts some of the most exceptional brick builds ever created, allowing visitors to witness firsthand what it would have been like to come face-to-face with a herd of incredible reptiles, while discovering prehistoric plants in the garden’s collection. This dino-mite exhibit is perfect for young paleontologists and budding builders, with dino facts, photo opportunities and build stats at every turn.

South Beach Pop-Up Bar happening weekly on Thursday, Friday, and Saturday until March 16th: The Granary’s South Beach Pop-Up Bar transforms Ralston into a winter beach getaway, offering a unique escape from the cold. Guests can enjoy a range of tropical cocktails and mocktails, along with beach-inspired snacks. The atmosphere is enhanced with lively music, beach chairs, umbrellas and tropical decorations, creating a paradise-like setting. It’s an ideal spot for those looking to break free from winter, experience summer vibes, or relax with friends. Reserve your spot today!

This Upcoming Events section is sponsored by Eagle Mortgage Company, is a locally owned and full-service mortgage company in Omaha.

Eagle Mortgage can help you realize your dream of owning a home.

People in the News

Sponsored by The Greater Omaha Chamber

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digital rendering of Flatiron District project buildings

Eagle Mortgage has added Rob Hufford as a licensed mortgage loan originator. He is a graduate of the United States Air Force Academy, served for nine years as a civil engineer officer when he was Medically Retired as a captain.

Mutual of Omaha has appointed Liz Smith as associate general counsel. Before joining Mutual, she was vice president of legal and compliance at Dundee Bank. Her legal career also included roles at McGrath North Mullin & Kratz and Engles Ketcham Olson & Keith. Smith earned a bachelor’s degree from Saint Louis University and a juris doctorate from the Saint Louis University School of Law.

Blue Cross Blue Shield of Nebraska has named Ryan Blackard as vice president of marketing and product. He previously led marketing, product development and strategic investments at Delta Dental of Iowa. Before that, he led the direct marketing efforts for Mercer’s U.S. consumer insurance products and financial services.

WoodmenLife has added Sarah Ritchie as director of product management. She earned Bachelor of Arts degree in Communications and Marketing from the University of Northern Iowa. Prior to joining WoodmenLife, Ritchie spent more than two decades with Principal Financial Group, where she held multiple positions in marketing, distribution, product, strategy and operations.

Margaret Haynes, president and CEO of Right at Home, has been selected as the 2024 president of the Home Care Association of America’s board of directors. Omaha-based Right at Home is an in-home care concept with more than 700 locations worldwide.

The Greater Omaha Chamber is a catalyst and connector, advocating for businesses small and large. Learn, share and grow with more than 12,000 professionals from 3,000 member businesses across Greater Omaha. Click HERE to see our latest events.

Wall Street: The Week in Review

with George Morgan

Morgan is the founder of Morgan Investor Education of Omaha.

Sponsored by Baird Holm Attorneys at Law

Views and opinions expressed herein are solely those of the author.

Last week Mr. Market got bored stiff with the talking heads’ jibber jabber about the Fed, the CPI and the PPI, and started looking for a new shiny object to bash around. So, he took his platinum Visa card to the candy store and binged himself into a major sugar high.

For most of the week, Mr. Market did a Rip Van Winkel impression, waiting for Nvidia to release their earnings after the market close on Wednesday. The CNBC talking heads sat with mikes in hand as the Nvidia numbers trickled painstakingly slow across the news wire.

Then, Bing Bada Boom, Nvidia announced revenues that exceeded the analysts’ bodacious expectations by a gazillion percent. The futures markets for the S&P and Nasdaq jumped three quarters of a percent without even delving into the numbers.

The next morning, the market opened in line with the futures. Within a nano second of the opening, the trading volume exploded to 20 times its normal rate. Because of the volume and the speed with which prices jumped, this had to be computer generated because humans are unable to manually produce this level of activity.

The initial culprits were the algorithm traders. Algorithm traders program their computers to look for flash words in the news feeds. When finding one, they buy like crazy. While the trigger words were related to Nvidia, their computers don’t discriminate; they bought everything in sight. They started the day with zero inventory and rapidly increasing prices allowed them to sell at a profit just minutes later.

The blood in the water attracted high-speed traders into the fray. Their computers are programmed to search the primary exchanges looking for orders that allow them to buy a stock on one exchange and then sell it seconds later on another exchange at a higher price. Like the algorithm dudes, they start the day owning nothing and end the day the same way.

Mom and pop played no role in the circus. On an average day, the retail volume from the internet brokerage firms is 25 million shares, which is nothing compared to the over 6 billion shares traded that day. The mutual funds are also not suspects, because they trade large blocks of shares in the dark pools which are run by Morgan Stanley and Solomon Brothers. These are trades that are made away from the exchanges and do not appear in the volume numbers.

About 45 minutes after the market opened, the activity dropped back to normal levels, but the prices continued to trickle upward until mid-afternoon, when they flattened out. At the end of the trading day, the S&P 500 500 was up 1.8 percent, and the tech-heavy Nasdaq rose an eye-popping 2.7 percent.

This whole schlimazel was about Nvidia, and at the end of the day, its price was up 14.3 percent, BUT ON NORMAL VOLUME. On list of the most active stocks that day, were four index fund ETFs. One was an S&P 500 fund; one was a Nasdaq fund and two were leveraged versions of the Nasdaq 100.

To help you put your portfolio into this context, I suggest the insight of John Maynard Keynes. It is not the financial analysts who determine the winner, it’s the judges. In this case, the judges are dozens of high-speed, preprogrammed computers.

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Have You Watched Grow O on Video Yet?

Jeff Beals, Trenton Magid and a guest in the KFAB 1110 Radio Booth

The Grow Omaha radio show broadcasts live every Saturday morning at 9:00, but now you can watch videos of each episode instead of just listening.

Grow Omaha’s brand-new website features video footage shot inside the radio studio during each week’s show!

Videos include News of the Week, Lightning Round, guest interviews, and “Grow Omaha Uncut,” a behind-the-scenes look at what happens during commercial breaks.

Support the Grow “O” Mission

Don’t keep this newsletter to yourself. Forward it to your friends, clients and co-workers. You want to know the real reason we produce this report? It’s to remind Omahans about the vibrant, prosperous and growing city they call home. The more Omaha residents believe in their city, the more successful we’ll all be. Spread the news!

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