Surging up more than 60 in the past month the crude revival comes after opec agreed to extend its cuts amid positive xhuk data and demand is about to return to the market and carter worth says it has gone too far too fast. Carter, take it away this is a poor area of the market for a long time and it collapsed here with the covid cover and the first, of course, is the table and if you look at the ten sectors and it composed with the s p 500, that which is down the most is often that which is down the most and so you can see the stacking order here and energy is up almost 100 followed by Consumer Discretionary and by amazon, home depot and otherses and the s p bringing up the rear at 46 look at two charts and look at the xle, versus, the etf dominated by chevron and exxon and the 40plus percent rate and this is moved, 22 to about 44, but what you can see quite clearly is that were up against a fairly welldefined downward trend in effect for the past two or three years where interested se
The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
Opec agreed to extend its cuts through july amid positive Economic Data and demand is about to return to the market and carter worth says it has gone too far too fast. Carter, take it away this is a poor area of the market for a long time and it collapsed here with the covid news and has recovered lets look at a few charts and figure it out. The first, of course is the table and if you look at the ten sectors and it composed with the s p 500, that which is down the most is often that which is down the most and so you can see the stacking order here and energy is up almost 100 followed by Consumer Discretionary almost up 60, of course, by amazon. Home depot and others and the s p bringing up the rear at 46 look at two charts and look at the xle, versus, the etf dominated by chevron and exxon and the 40plus percent rate and this is moved, 22 to about 44, but what you can see quite clearly is that were up against a fairly welldefined downward trend in effect for the past two or three year
Monetary policy settings to more free trade. Shery pressure mounts on Narendra Modi as he struggles with his unpopular citizenship law. The bjp is headed for defeat. Lets get you to japan. We are getting the latest minutes from the bank of japans october meeting. Boj members saying it is appropriate to clarify the downward bias for rates. It overhauls their forward gardens and they are saying it is important to enhance cooperation with the japanese government. This was back in october before the 120 billion in fiscal measures announced by the japanese government this month, so lets get straight to the market action. We have the open in japan in south korea. And south korea. Open in japan and south korea. Sophie we have little in the way of fresh catalysts. We will be watching for reaction to news that boeing has requested to halt shipments. Sony interview after the company apologized to customers for not being able to keep up with demand. It looks like a muted session is underway. Chan
Policy and plans. The confirmation vote is expected at 11 a. M. Eastern. Lawmakers will also work on a judicial nomination. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, hear us when we cry to you. You have been our help in ages past, and our hope for the years to come. You dont keep a record of our transgressions but shower us daily with mercy and forgiveness. Great is your faithfulness. As our senators wait for the unfolding of your powerful providence, give them your peace. May they cling to your promise, knowing that you will lead them to a desired destination. Give them the wisdom to trust your unconditional love and your willingness to save those who call on your name. We pray in your mighty name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands