Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Now. Thats a gain of better than 800 points, 2950 a key level for the s p, were slightly above that with a gain of 3 . And the nasdaq, where so much strength has been of late, 2. 3 higher, 9230, russell 2,000 having a big day as well kevin oleary, 2950, key level on the s p were all the way back to where we were in early march and you, my friend, you say youre growing more bullish. Yes, i am i listened to what the fed says and they have an unlimited pocketbook they made it clear they are going to overcompensate, scott, and youre starting to see it happen right now. The beneficiary of this will be issues of credit, we issued a trillion dollars worth of investment rate credit so far this year. Spreads have tightened you know i watch the etf market like a hawk. The fed has only done a few hundred Million Dollars of purchasing it is job owning that is getting it going this is an extraordinary time. If youre an investor and missed days like today, youre mitts g i missing 30 , 40 , 50 of the
Mcdonalds, disney and goldman sachs. Todays move higher though, putting not even a dent into this weeks losses and the dow is down a staggering 12 just since monday once again, a big story, energy. Check out oil. This time the opposite of yesterday, surging 24 thats its best day ever the u. S. Government considering some political talk or action to get in front of that saudirussia price war thats going on and flooding the market with oil and well have much more on that during our big hour straight ahead, but first, though, lets talk about this historic moment at a time for investors and trying to figure out what you should be doing right now with your money in the short, medium and long term and joining us is scott maynard, and one of the few who expressed worry about these markets even before the health scare, scott i would imagine your portfolios are holding up pretty well if so, what are they composed of what does scott minerd know right now . Weve been invested pretty conservativel
Break from biotech and get into mikes car honk if you want yield mike khouw turns the dreams into reality with a straightforward play to car max. Its time to risk less and make more options action starts now. Yes, it does and welcome everybody. Hope you have a good friday. Lets get to it. Trade talks taking over the street as phase 1 deal pushed the major indexes to major highs. Of course this is a deal without terms that anybody on the street has seen but hey, whatever. Dan nathan says if a full agreement does come through there is one payment play that could charge up the portfolio. Lets get in the money, dan tell us about it. The narrative of the last few days has been some of the headwinds to kind of growth or the headwinds to a u. S. Consumer have been lifted i have no idea what today means in terms of a phase 1 deal and i think the administration told us were not going to actually see anything papered until the new year but if this enthusiasm that we have seen the last couple of
Get out of my dreams get into mikes car honk if you want yield mike khouw turns the dreams into reality with a straightforward to play carmax its time to risk less and make more options action starts now. Yes, it does and welcome everybody. Hope youre having a good friday lets get to it. Trade talks taking over the street as phase 1 deal pushed the major indexes to record highs. Of course this is a deal without terms that anybody on the street has seen but hey, whatever. Dan nathan says if a full agreement does come through there is one payment play that could charge up your portfolio lets get in the money, dan tell us about it. The narrative of the last few days has been some of the headwinds to kind of growth or the headwinds to a u. S. Consumer have been lifted i have no idea what today means in terms of a phase 1 deal and i think the administration told us were not going to actually see anything papered until the new year but if this enthusiasm that we have seen the last couple of