Is always virus lurking and last week it took installing the markets. Corporations are upping their expectations to earnings. We might get back to fundamentals at some point. Happens hopefully that because that is what it all comes down to, the u. S. Corporate profit outlook. With the virus still lurking, and the idea we are still in the first wave that hit new york first and is now spreading around the country, that has to make it difficult for countries to plan for the future. To the degree they are able to bring up assets for the future, they were brought down. Still lots of uncertainty. It is one of the cases where the proof will be in the pudding. Lets see how many stores look at apple closing their stores. Lets see how the reopening process goes, lets see how the payrolls report coming out thursday goes for the month of june. So much data, so much uncertainty, quite some time before we have a clear picture. Hopefully we do have a reconnection to what you are talking about, move b
7. 5 . Is up more than a test flight about to get underway. The 10year yield, 64 basis points. Lets get a deeper dive into the market action. Kailey i want to take an outside view. This is the fourth consecutive day we have moved to the up or down signed by more than 1 on the s p 500. We have not seen this since back in april. Look at where we have gone in the past 21 trading days. 3 . Y more than 6 , down by now we are essentially flat over that time period. I want to focus on todays session, you mentioned it is the dow outperforming, up 1. 3 . That is largely thanks to boeing. Boeing is up nearly 8 today on approvedafter the faa a critical set of test flights for the 737 max. This is not just good news for boeing and the potential recertification of that jet, but suppliers as well. You see the likes of raytheon and General Electric higher as well. Iifting away from equities, want to look at fixed income. We are quickly approaching the end of only one day to go. We are looking at the
Lets do final trades. Stephanie link a youre up first. I like cisco. More predictable revenues. John p. Automatic data processing, adp. Simon baker. A short term trade, verifone. I think completely oversold. Recently bought shares. Josh brown . I dont think google is done going off. If youre nervous buzz it is 800 bucks, you can trail the stop loss. Not the end of the world. Stocks are negative. At left a couple major averages, negative for the month of february. Worst pull back day of the year. Tweet me. Power lunch is up now. The second half of the trading day starts right now. We are going to pick up right where scott left off, on the slide in stocks. We are going to ask the question, is it time to run for the hills. Is the bull run over . We have full coverage as the market falls for the second straight day. Worst twoday decline this year. Walmart shares are up on earnings. But question remains, is this a company with enduring problems . We have a unique perspective from a secret s
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