Stocks the dow and s p are on pace for their best week since march. Were going to close out the month on tuesday. Were going to Start Talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. But at the same time we have groups that have come alive. This tech rally is very real. It is broad based. Its chips. Its software. Its high growth. Its cloud. The bank rally is in its infancy. As we get closer to a rate hike, which i think we will get given the fact that these fed heads of carpet bombed us with the two to three, that bank group can get stronger. Net interest margin will go higher. Its very undervalued and i think it works. So right now and im not saying im sanguine because if we get a really weak employment number thats bad. Because theyll tighten into a weak employment number, but i like it. Were not focused on china as much. Oils reached a level where we dont have to worry about banks g
Along with Chris Christie and john kasich and jeb bush. Reed as the gop race for president heats up, leaders are cons candidates win a majority of delegates. Marie that could cause a socalled brokered convention, reportedly brought up behind closed doo among gop leaders. Here is jeff barnes. Jeff Donald Trumps rise does not seem to be waving anytime soon. Powerbrokers met in washington to discuss the possibility of a brokered convention if no one candidate can win a simple votes by june of 2016 when the final state primary contest ends. A big problem for a party is being divided. Divided and losing republican party. Jeff it would only take place if the front runner could not get the required number of votes in a primary season. It is not therefore the party to undermine its top candidate. Just because an antiestablished contender is now the frontrunner. Those people will decide the nominee. Thats it. Bottom line. Jeff two contenders are skeptical it will be used to shut out an outsider