Uptick utilities is the Top Performing sector, i guess we could say it had a pullback. It did hit a nine year high today. Tech strong, Consumer Staples are strong lets begin with dominic chu wh is following the stock market. The stock market might be a little bit ways away from getting back to the highs before the selloff, we looked at the s p 500, it turns out that 93 members of the s p are 5 away from claiming those 52 week highs or better that theyve seen 81 stocks have hit highs so far in 2018 alone. And a handful, 13 of them, has hit 52 or better just this week. Some of the stocks that are a doing better job of getting back towards those record high levels, check out vf corporation, a big apparel company. Its within. 5 of record high levels northrup grumennond cne group also within 1 nike, close. A bunch of big names are doing a decent job at getting back after the losses weve seen. The big question on the minds of investors is if the rebound is wahappening too fast. Who would hav
Because of earnings which for the most part have been trick. They arent getting weaker because of the fed or Interest Rates. They should be going up instead of going down. No, stocks are being clobbered because russia might be ready to invade the ukraine and the west doesnt have a clue about what to do about it. Thats why the dow tumbled 140 points. Plunged. 97 . I kept telling you that people are getting everything wrong ever since ukraines government changed hands and russia decided to stake its claim on key parts of the country. Weve got more since the downing of mh17. Theres a ton of confusion out there, like misdirection plays on a football field so i want to deal with them head on. In order to explain why most commentators are blind to the Russia Ukraine standoff. First, sadly unfortunately weve been conditioned to believe that all stocks involve around the fed and Interest Rates. We look for moves in rates before they occur. We ascribe magical powers to the federal reserve. Whil
Germany is happy they are buying anyway. Road map like this, markets looking to recover as stocks stumble, cautions sprepds and earnings begin. Speaking of earnings, a beef for alcor, returning to profitability, and shares rise in the premarket. Skies clear, American Airlines raise a forecast for shares growth margins, up sharply after a rough week for the other carriers. Another day, another inverted dollar, a brpd new motivated tax merger this morning. Marching overseas ending up in dublin. Stocks hope to bounce back from a rough tuesday, nasdaq falling more than 1 for the worst session in two months. Stocks like facebook and netflix take a hit. Small caps slide. The russell 2,000, biggest two day drop since political and dow closed below 17,000. Dow and s p still positive for july, jim, but dows in danger again of having the first threeday losing streak since april. I think that this airline news, american air, is going to bail out a lot momentum stocks. We dont think of them as mom
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