On the s p 500, there were a lot of concerns that we would not close that gap overnight. I think we just about closed that gap at the close. Thatine it is interesting you are getting this risk on move in stocks but also seeing yields getting crushed. Taylor it is incredible, the moves we have seen. When is the last time we saw the nasdaq at a record high, gold at a record high . Where do you find value when spreads are already compressed. Caroline lets get back to nancy. Please, onctive, which is speaking your truth. Is it the bond market, or the stock market and sheer liquidity winning out . Nancy i think the bond market is more right than the equity market. Be ague that this will stairstep recovery. Acronymsalphabet soup for how we recover. We saw anarizona, so opening and a partial shot again. States have shut down 30 of gdp. The real concern that the equity market will have after the election is what is a sustainable level of earnings growth. Aile Technology May eke out 1 number fo
Labor department reported on thursday now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844008 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last. What so why is that well to break it all down this disconnect th
Very positive keep in mind the continuing claims are still at what 16100000 despite dropping 5844000 couple this with that massive contraction in us g. D. P. By 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but thats not the case since testing lows in march at the onset of the pandemic here in the u. S. The 3 major indices are thriving the nasdaq has continually pushed a new record high and now the s. And p. 500. 00 well its just a few percent away from setting new records which were established previously in february of this year while the dow hasnt been able to quite get to precocious teen levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that were seeing lets bring in some expert analysis from cohost christiane a moslem chief market analyst at the trade thank you both for being here its great to. Have you back so lets start off with you whats propping up this mark
Cruel puppy mills are supported by dog shows and pet stores most of the puppies are coming from this large Scale Factory farming kind of operations are being sought and at stores even joined a good businesses are involved like agoa mom sent to theres been a shocking amount of organized opposition to adverts to increase the standards of care for dogs bred in commercial rating for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs dont buy dog. Ah no team no crow. No shots no. Action the belt. Well. No 1st 12. Points your thirst for action. This. Boom bust the one business show you cant afford to miss and washington coming up markets continue to surge but those numbers dont seem to fall in line with the real economy is us weekly jobless claims continue to mount and as the fog of uncertainty is clouded the Global Economic outlook investors are rushing to safe haven assets like big coin and gold straight ahead we take a
Charles all right, folks, got to tell you, its strange, right . Since august 6th, this market has done a complete flipflop. The script has been flip. Coming in todays session the stocks with the biggest share prices were down the most. Those with the lowest share prices are up the most. Another way to look at it, stocks with the largest market caps have underperformed. Those with the lowest market caps have up 7 Percentage Points in comparisons. Companies with high dividend yields theyre rocking compared with those who are the lowest dividend yields. From march 6th, august 23rd, have now been underperforming the biggest laggards. To mash all this out, katheryne rooney vera along with Bahnsen Group cio, david bahnsen. Let me start with you, david, the complete flipflop, they were talking about it, there were hints it would happen. Were in the midst of that right now. It seems to be. It will be interesting to see how long it lasts. Both the energy names, high dividend names and some of t