Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs
For. The major averages boostedro monthly gains. It was their best in five months and it came despite todays pullback. The dow fell about 112 points. Were at 28,051 now. The nasdaq was down 39. The s p blipped12. For the money the indexes saw gains of. 3 or mo dominic chu starts us off with a look at nos big gains. The rngords kept roln for the month of no november, a month that saw historically high levels for the sch 500nd nasdaq add traders zed to accentuate the positive with market headlines. On balance, theres bin contract mentally positive news on the trade war betweenhe u. S. And china, but no firm phase one agreement or deal has been signed yet. Put that together with enomic data around the world that may be showing signs of a turnaround, and you get a general bullish tone benefiting companies and industries that are more geared towards improving economic prospects, or socalled cyclical stocks. Within of the s p 500, the best performing sectors were technology and financial. Me
American cartoons and comics during world war ii. I can remember from my days in parochial chapel schools where our pastor gave us a sermon that has stuck with me ever since. And the lesson of it draws from two parts. Two separate biblical texts. One is from second kings, if you are interested, chapter 4, where the prophet elija, has someone bring him 20 leaves of barley and hes got to feed 100 men and his sermon asks him, how we going to do that . We only have 20 loaves of barley. And the prophet says give them to the men that they may eat for thus says the lord they shall eat and have some left. So, he set it before them and they ate and they had some left. Just as the lord told them. Anders that an incident from the you the testament, where jesus is confronted with a crowd of people, 5,000 people. How are we going to feed all these people . One of his disciples says, well, heres a young boy with five barley loaves and two fish. Not a lot. It could take like six months of pain to fee
He said he wasnt going to run but the reality was he was not closing that possibility. Where are we from there, from here . About that much closer. He filed in alabama, because there was filing deadline the last state. Stuart that tipped his hand. Didnt mean he was jumping in, but some of the things you have to do . Some of the things he has to do. He still my not run. That doesnt mean he is definitely running. We do know, the stuff weve been reporting, he is dismayed by the fact that the party is being taken over by the radical left. You know, it has gone way beyond anything that, remember Hillary Clinton started running to the left when she was faced with a pry mary challenge in 2016 from Bernie Sanders. The party, nominal frontrunner is Elizabeth Warren who is so far to the left of Hillary Clinton the party will be unrecognizable. They believe, not only if she does become the nominee, looks increasingly likely biden is fading a little bit. If thee becomes the nominee, she would lose
Will be in black and white or scary. That is where we stand, down 169 points. Stuart said this has more to do with the trade front. That things are not progressing. Chinese overnight, essentially getting nasty, it might be phase one and done if we get that. That is president is a little impulsive. Were not thinking well make progress for anything else getting done. President directly not responded to the criticism outside the fact hoped the deal would be scored although the chile conference it was supposed to scored and deal written on wont happen in chile. It will happen somewhere. They hope it happens pretty soon. Get the lead from John Layfield and rebecca waltzer. What do you make of how the chinese suddenly shifted ground here . I think that has more to do with the selloff and why 28 dow stocks are down than anything happening on the impeachment front, so far deemed much more political than substantive, what do you think . I think this is much more political. China is walking a ve