Here is what is so difficult to fathom about this market. Everything weve learned in the last decade is worthless. Every relationship, every alga rhythm, none of it works anymore. Not only that, even the old paradigms from previous decades are worthless. With stood the test of time of going gonzo and were baffled, especially on bullish days like today where the dow gained 92 and nasdaq 3. 2 . Its almost as if we have a whole new environment that doesnt jive with the reality of the old days and therefore seems to be nonsensical and its positive animal spirited nature. I say thats plain wrong, people. This market is fathomable but right before our own eyes, we are undoing a ton of what weve learned. Because were simply on a journey to a different arguably better place. Let me give you the road map of everything we have to unlearn and perhaps that will help us see how stocks can keep hitting what seemed like unbelievable new highs but id say our rational exuberant. When the Federal Reserv
Mark welcome to the pulse live from bloombergs European Headquarters in london. I am mark barton. Getting some raking manufacturing pmi data out of getting some breaking manufacturing pmi data. This is the final figure for markets pmi. The earliest estimate was 51. 8 still above 50. Still above the line that separates acceleration from contraction. Lets have a look at what is happening to European Equity markets. We are at the start of a new month. The august month ended on a high, on a monthly basis. We rose on the second consecutive month, best monthly run since may of this year. Best performers yesterday and for the month were banks. Banks in the month of august rose by 8. 5 , the best month since february 2015. Minors are rallying on the back of that china manufacturing data which show an increase. The bloomberg dollar spot index, a gauge of the dollar against 10 of its peers is rising. We approach the biggie on friday, the u. S. Jobs report which could tell us whether the fed is g
Signals the economy is back in the contraction. Its the dividing line between action. Taking a look at the 10 year yield, it was up slightly ahead of this report is basically up slightly, taking a takedown but essentially where it has been before. Thes look at the effect on dollar. Ae dollar index has taken takedown, up ever so slightly. Sm have amisss for the i manufacturing for the month of august. We have the automobile sales for the month of august from the big the u. S. Including ford, General Motors and chrysler. We saw misses in terms of the Sales Numbers but we see the stocks are up modestly except for chrysler. For forward, the Company Managed to raise its average price per vehicle by 1200 over the last year. It looks like gm could have beaten the western a whisper number on the street. Vonnie fascinating, thank you. Manufacturing is in contraction but some of the subcomponents are interesting. Whats going on in london . 90 minutes left in the thursday session and we finished
Equity markets come up switch up the board. The weaker dollar story, stronger yen. It is just the movement at the front end of the Treasury Curve driving the fx market. The curve more sensitive to what the fed may or may not do. Rates stand low for longer. We are just getting headlines from valeant. It isonth comfortable with the current liquidity decision. Airport in brussels will remain closed after last weeks terrorist attack. Senting passengers will be to the hangers to collect their bags and the departure hall will handle 1 5 of the normal flow of passengers. According to police, the what isasked someones post do when he has not seen his wife and children someone supposed to do when he is not seen his wife and children in 24 years . Republican president ial candidates backing off their promise to support the partys nominee. He does not says feel beholden to the loyalty pledge because hes been treated very badly. Yellen, it seems. T urging caution regarding Interest Rates, pushing
There is a movement out there to eliminate the disorder descriptor. The department of Veterans Affairs estimates that only between 11 to 20 of the veterans experienced ptsd even when considering the 20 . This is a very Broad Spectrum and its true the majority of the veterans do not experience ptsd but many think that its much higher. If somebody pops a microphone right now or spell a glass of water and it made a loud noise, what would happen to me . I had a hyper startle reflex. Does it impact my ability to contribute to my community . Thats the other issue. Ive been bitten by a large German Shepherd and every time i pass a German Shepherd, my leg hurts. [laughter] so lets be careful how we define this. Ptsd is a human condition not a veteran condition. 5. 2 million adults experience into during a given year and about 7. 8 of the population will have ptsd at some point in their lives. The four year College Completion rates are higher among the nonveterans. 33 complete college and earn