September retail sales, nice beat there, the srt up 102 from march lows, thats a new high, Dick Sporting goods, best buy, dollar general, costcos and lowes, bed, bath and beyond on its best pace ever is it time to buy retail there are still select names you can buy at retail and some names that have absolutely exploded the up side you just went through a list some of these are at alltime highs. The consumer is strong, the consumer return, the consumer has gotten out there the september numbers were well above what the expectations were these numbers are very, very impressive it does go to show you just how strong these guys are in terms of everybody getting out and about and getting into different retail its not just about the essentials anymore you just went through the laundry list the reality is, it is about people going out and getting clothing, shoes, yoga material whatever it is we might be, we are seeing an absolute run towards that area and a nice spring board were seeing a lot
At 4 00 though sometimes go into extra innings but at least we got some sports, it happens to be in the form of a stock market had sports gamblers descend because they have Nothing Better to do, nothing else to do. Does that explain the action today when the dow gained 131 points and s p claimed nasdaq jumped but be careful, there were late day reversals or just investors pouring money into the same members of the new high list based on a winners win philosophy maybe driven by foreign buyers honestly, at this point it could be all three and the problem with these constituent sees is they make things more dangerous for the rest of us how do i know this i made it up no let me first, i did some first class work by my friend david, the master of research at goldman sachs. In his mustread u. S. Weekly kick start, he talks about how Foreign Investors with largest net buyers of u. S. Stocks in the First Quarter and notes that there is a surge in retail trading. Retail meaning like regular peo
They will have when viewed by members of our community that have been subject to racist attacks. Terrorism and even violence. A disturbing sight in oakland 5 ropes were found yesterday afternoon in trees at lake merritt and now a hate Crime Investigation is underway. Thanks for joining us tonight at 8 oclock everyone, im grant lotus and im Vicki Liviakis publics works have since removed those roads. First michelle kingston live for us at lake merritt tonight with more michelle. Yeah it was an oakland resident who says she saw that news yesterday morning when she was walking the lake she said it was disturbing. Are really looking at what i think im looking at a porsche or freeman was walking lake merritt on tuesday. I stop us there for a second and i want to get a closer look when she says she saw a noose hanging from a tree later posting this photo in a video of what she encountered on social media oakland mayor libby shaft says there were reports of several nooses found on trees aroun
Mark for the week. Trading ate yuan 7. 1631. Not Much Movement but we will see what happens sunday night following whatever the president tells us today. 1. 11. Ust underneath vix trading at 29. Lets get a deeper dive in todays Market Action with kailey leinz. Be lower inay equities today but we are still positive on the week. It is a friday. That could change, depending on what we hear from President Trump. As it stands, the s p 500 is positive by 2 over the past five days. On the week, it is still the cyclical growth sensitive sectors that have been the best performers. Real estate, financials, industrials. Into cyclicals has wild up a bit, but the fact that they are the best performers underscores how sharp that rotation into the cheaper areas of the market was. Downtioned those beaten sectors are getting beaten down again today, true for apparel and retail stocks. Reported fourthquarter sales were down 40 , but that isnt in your concentric that is an idiosyncratic story. Pvh, ralph
There has to be a reason for stocks to keep going up, because there are no tail winds. Sure the economy is reopening all over the country we had great jobs report last friday but we still have 13 unemployment in this country as much as we want to reopen, the sectors that have turned redhot, thats why the dow dipped 300 today the tech heavy nasdaq advanced stocks can only go up so much based on the fact the world isnt ending lets take the two most exciting areas in this Market Airlines and cruise lines. Those juggernauts were marching towards their precovid highs neophyte internet goaded wagerers, betting that someone would come in and buy higher that worked for a while, but today it stopped when you invest on the greater pool theory, sooner or later you are out of fools there are times that the greater fool theory does indeed work i am not someone who will give you a hard time for making money the wrong way. The games in these groups are still very real. But if you are going to play th