Deck and while we await another fed decision, that is there on wednesday at 2 00 p. M. Lets bring in jack ablin, crescent capitals Founding Partner and cio. Lets start with earnings, why dont we which ones will you be looking at most closely . And if corporate earnings are coming down as many predicted, why is the market going up im scratching my head with that one too, tyler. Yeah so i want to look at tech earnings tech is really the only sector thats expected to be up year over year. I think Consensus Forecast has about 12. 2 Earnings Growth for the tech sector in the s p 500 meanwhile, the s p overall is expected to be down about 10 . So clearly its the tech sector that im watching to see if it not just can deliver on expectations but really needs to exceed expectations in order to justify the values that they currently have so how do you explain the markets performance during this very nice month of july so far is it as simple as, well, if you look at the s p 500 its capitalization
Deck and while we await another fed decision, that is there on wednesday at 2 00 p. M. Lets bring in jack ablin, crescent capitals Founding Partner and cio. Lets start with earnings, why dont we which ones will you be looking at most closely . And if corporate earnings are coming down as many predicted, why is the market going up im scratching my head with that one too, tyler. Yeah so i want to look at tech earnings tech is really the only sector thats expected to be up year over year. I think Consensus Forecast has about 12. 2 Earnings Growth for the tech sector in the s p 500 meanwhile, the s p overall is expected to be down about 10 . So clearly its the tech sector that im watching to see if it not just can deliver on expectations but really needs to exceed expectations in order to justify the values that they currently have so how do you explain the markets performance during this very nice month of july so far is it as simple as, well, if you look at the s p 500 its capitalization
Deck and while we await another fed decision, that is there on wednesday at 2 00 p. M. Lets bring in jack ablin, crescent capitals Founding Partner and cio. Lets start with earnings, why dont we which ones will you be looking at most closely . And if corporate earnings are coming down as many predicted, why is the market going up im scratching my head with that one too, tyler. Yeah so i want to look at tech earnings tech is really the only sector thats expected to be up year over year. I think Consensus Forecast has about 12. 2 Earnings Growth for the tech sector in the s p 500 meanwhile, the s p overall is expected to be down about 10 . So clearly its the tech sector that im watching to see if it not just can deliver on expectations but really needs to exceed expectations in order to justify the values that they currently have so how do you explain the markets performance during this very nice month of july so far is it as simple as, well, if you look at the s p 500 its capitalization
That news. Also breaking, celgene agreed to junono therapeutics therapeutics for 9 billion. Juno up 27 on that news. David it is merger monday. Brief. W for your morning 11 30, the u. S. Treasury will auction threemonth and sixmonth bills. Is scheduled to vote on a temporary bill to end the shutdown. For clark, netflix releases fourthquarter earnings. Right now, lets get headlines outside the Business World with first word news. The u. S. Government shutdown now in its third day. Congress failed to negotiate an end to the stalemate. A Bipartisan Group of senators is looking at a plan to fund the government through february 8 and take up a bill to keep daca immigrants from being deported. Many federal agencies will carry out closing plans. President trump and theresa may will meet in davos this week according to a spokesperson for may. The president said he canceled a planned visit to london for the opening of the new u. S. Embassy. Signalingussia are there are lines may be lengthy. Pro
Away nearly everything weve learned about stocks over the past decade. I keep telling you, this time isnt any different which means you cant take your cue from the playbook that worked in more troubled times wanted to give up on stocks on companies that and never look back but you know what, these days that tendency will lead you astray including on this where the dow slipped four points and the nasdaq gained. 71 old habits are hard to break and the habit of baling on stock after disappointing news is no longer necessarily a money making strategy. In fact i will go as far and say it is a money loser. I am talking about the cut and run, the stock of bank of america. It failed speck tack collarly. And it would indeed crush you but that changed at your President Trump surprise victory. Of course donald trump, our booming economy is part of an expansion happening worldwide. This allows the Federal Reserve to raise interest rates. Well what happened this time around the stock blew through t