Well hitting all of these records think about it, stocks have indeed come very far very fast were right on the cusp of multiple rate hikes. There was a terrorist attack in times square weve got a special prosecutor investigating the white house and last week we almost had a Government Shutdown that was only temporarily averted, yet stocks, theyre in great shape the dow gaining 57 points, smpt advancing 0. 32 . Led by, you guessed it, apple. Look, these are not easy questions, frankly, at this point. When i talk to people, far more of them want to get out of this market rather than get it. It always pains me, but thats what they want to for. Many of them genuinely believe we are being led right off a cliff. Like obvious little i think they may be mistaken, though, im going to give you a sense why. We can start with a bigger picture. Thats the socalled macro first of all, the whole world is on fire here and all of these u. S. Specific worries pail in comparison to the synchronized Global
In that is the big question with the average. S p climbing. Its not an easy one to answer. I think holy cow. What the heck are we doing up here however, it is just an inflection. I think there could be much more upside. I dont want you to leave thinking otherwise. I would start with washington. A few months ago it sounded inconceivable that we can get tax reform. Republicans in congress seemed to be in total disarray. Its not like that campaign on slashing Corporate Taxes. We interview legislators and they have a plan to raise revenues in order to avoid busting the budget. Remember the border tax thing . They were reluctant to cut Corporate Tax rate because it would leave a huge hole. There was no way any democrats were going to get on board. It seemed like a colossal waste of time. Somehow perhaps because of the president s endless harping, perhaps because they realize they can suffer hideous losses, the gop was able to cobble together a plan that is incredibly pro business plus the R
Halt brexit payments at the European Union backs a trade they believe withholding billions from the eu could be necessary. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im courtney donohoe. This is bloomberg. Yorke it is noon in new and 1 00 a. M. In hong kong. Shery welcome to bloomberg markets. Vonnie here are the top stories on the bloomberg. U. S. Stocks are mixed today. Treasuries retracing now as a toing of auctions of be billion dollars gets underway 250 billion get underway. Pizza party. We speak with dominos ceo Patrick Doyle about the companys fourthquarter artificiald why intelligence may be taking a key role in their delivery strategy. Taylor riggs is with us. Taylor a bit of a mixed picture here. You have the dow jones off. 2 . The s p 500 up. 2 . Upeye is on the nasdaq, almost. 8 . Im thinking the qualcomm bid that was revised higher is pushing everyone else higher today. Whathing im looking at is not higher tod
Be a dad. Oh, my god oh my god, no, youre not. Yes, we know you put two and two together. Hes real excited about being a dad or really relieved oh, she still thinks im in good shape. The coolness continues into the next video. The couple is having din we are the parents. Looks so good. Oh, the table is all set up. All nice. Whats for dinner . It looks really delicious. Oh thats so cute, honey, a bib. Dad pulls out a onesie, thats so cute. Not going to fit us, but thanks. They havent figured it out yet . No clue at all. If that doesnt do for you, a pregnancy test, right . They pick up the tests and they put them back down, they dont know what it is. Finally there are two tests in there and they hand one to mom and one to dad. Read it. Read it. At this rate, the baby is going to be born and theyre going to go, oh it says pregnant. Whoa that woke him up. They werent shocked when they first saw the bib and the onesie because the couple is going through ivf and they didnt know what a pregna
Money investing for yourself than hiding out in bonds or putting your money in index and mutual funds, which you know we favor. Pundits and commentators say its too hard. I know from experience from running a 500 Million Hedge Fund for 14 years and returning 24 after fees that you can do it as long as youre willing to put in the time and effort. And i know you are succeeding at individual investing when you stop me on wall street or squawk on the street. Not everybody is up to it. Thats why i say i have no problem with index funds. In order to be a good investor which i know you can be youve got to understand how the market works behind the scenes. Thats why tonight im devoting the show to sharing the most important lessons i learned in more than four decades in the market. There are lessons i need you to unlearn, myths that need to be demolished. The notion that the market is rational. That the action makes sense. That simply isnt true. Any given day the action in the market can be no