87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be
Children families when. The u. S. Is losing its cachet as worlds single superpower what u. S. Dollar is losing its status as World Reserve currency or moving into a post u. S. Dollar as gold reserve currency era and so is picking up stakes and hauling out these. Big portion of his portfolio and. Who is another huge name in the Money Management space is god 20 percent of his portfolio is the worlds biggest i spun out in actual gold bullion you know. Circuits and so that tells you also that the u. S. Dollars days are numbered. Lead. Join me every thursday on the alex im unsure and ill be speaking to us of the world of politics or business im show business ill see that. This is the one business show you cant afford to miss in washington coming up as tensions between the United States and china continue to rise the agency for power is looking to cut back on its holding of u. S. Debt straight ahead were going to break down the significance of this potential move and how the u. S. Is respond
The whole nation Philip Morris is trying to use i guess yes to stop tour of the white implementing new tobacco regulations aimed at cutting domestic smoking rates a fringe company sued egypt because egypt resists minimum wage democratic choice trump. Joint says we try to fund. Throughout its history with the selfproclaimed Islamic State terrorist group have recruited up to 30000 foreigners from all over the world to fight for the. Sounds of russian citizens left their country to join the terrorists often. Wives and children with. What hes done. On you to the moon hundreds of children and widows were held captive disappeared. Back in russia childrens families willing to search for them. This is move us the one business show you care to afford to miss a bore in washington coming up as tensions between the United States and china continue to rise the agency for power is looking to cut back on its holding of u. S. Debt straight ahead were going to break down the significance of this potent
Funding that aids or supports china or that directly or indirectly counters chinas unfair competition and malign activities and influence globally now this comes from a document titled strategic competition with china crosscut but that document does not indicate how the information is going to be used it only currently says that it will inform policymakers on the many different ways the u. S. Spending involved china on the campaign trail us President Donald Trump continues to hit china as a work that still needs to be done to protect the u. S. I think were way ahead of what we were 4 years ago and is far more enthusiasm our base is bigger stronger and weve done the greatest job again if we didnt get hit by the plague from china this thing we wouldnt even have between us i wouldnt cancel the congressman most of the rallies i wouldnt need it around and. Thats a little bit unfair but thats ok thats what john is done to our name. Theyve screwed us for a long time or a lot of different ways