This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Which has mostly gotten a free ride. Well get reaction from liz peek coming shortly. Spigot to Small Business drying up. So what happens now . All that and so much more on making money. Charles well the dow is up steadily today and the market has been on a roll. The market has done better than you probably know. It is not reflected in the quotes. Give you an example. The s p was up. 006 . Tiny fraction of an increase. Guess what . Nine of 11 sectors were higher on friday. This rotation is going on. Weve been talking about for some time. Now it is catching fire. What should you be doing to take advantage of it . I will bring in my three favorite experts, mike murphy, Courtney Dominguez and shah ghailani. Mike, i want to get your thought on what were seeing in the market. The dow is having a powerful session. A lot of tech names are under pressure here but this rotation we talked about is happening. I dont think youre buying it just yet . You know, charles, i love some of the big Dow Com
Edward. Reporter going on right now is that the statement in the rose garden between the president of mexico and the president of the United States, president donald trump. The two World Leaders finishing that up. They will have a signing ceremony after that to celebrate this the mexican president known to be longwinded. He is speaking at the moment. President trump touting the trade agreement as a huge win for the two countries. The administration saying it would add 600,000 jobs over the next five years. Andres Manuel Obrador you see there, sees the trip to reiterate importance of the trade agreement and strengthen cooperation with the pandemic. It is his First International trip as president of mexico. He flew her commercial, an wore a mask, testing negative for the virus yesterday. President donald trump rolling out the red carpet. In addition to a signing ceremony, formal dinner. Mexico invited the fifth richest person in the world among others, carlos slim, who owns a number abou
Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a full recovery will be unlikely until people feel confident that the coronavirus has been contained and it is safe to go outside. Now he says Interest Rates will remain near zero until they are confident the Federal Reserve is confident that the economy has recovered. He says, the Federal Reserve will use their full range of tools in order to support the economy. Were looking at low Interest Rates
They are lit up and in bloom. Neil only trees that arent covered in white in the metropolitan area because as you can see. Jillian you are watching Fox And Friends First on tuesday morning. Todd a powerful winter Storm Pounding the northeast as much as 30 inches in parts of jersey. Jillian Live Team Coverage this morning, janice team tracking the system live that we start in time square with aishah hasnie. Reporter it is clear out here but snow is picking up in the last hour. Lets show you a live look at times square. The pavement you can see for the first time in a lie long time, they cleared that way. The roads are still slushy and it is still a dangerous situation so please do not get out and drive. Around the northeast, one person dead in pennsylvania as this winter storm slammed 70 million americans from georgia to maine, parts of new york, new jersey, connecticut and pennsylvania under state of emergency restricting travel. In new jersey 660 crashes reported since the storm began