You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, which has been a total dog, earned more than 10 higher today . The second best performer in the s p 500. Even as Nothing Happened at alcoa. Nothing to justify this move. Other than this kind of rotational Money Management behavior that i like to chronicle for you. Now, i think alcoa should have been climbing for ages because alcoas splitting into two companies. One thats basically a commodity aluminum producer and another thats all about the proprietary use of aluminum. In trucks, in autos, and of course in aerospace. Alcoa is the perfect metaphor for this moment. You have a very undervalued deep Cyclical Company thats been caught up in the tide of the hatred of commodities. Then you have some changes in the broader whats known as macro landscape that read positive for the metals and Portfolio Managers are caught looking the wrong w
Enough cyclical exposure. Especially if the dollar has peaked. As the relatively placid performance of the averages, dow gaining 79 points, s p advancing. 15 , nasdaq climbing p1. 2 . Masked some of the most dramatic action underneath ive seen in ages. You couldnt tell the tale of turmoil from the broader indices, but Portfolio Managers furiously dumped the high Growth Stocks that they loved just days ago. Im talking facebook, alphabet, formerly google, the linkedin, latter disaster after the close. And they piled into the Big Industrial and commodity stocks that were despised for months on end. You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, which has been a total dog, earned more than 10 higher today . The second best performer in the s p 500. Alcoa. Other than this kind of rotational Money Management behavior that i like to chronicle for you. Now, i think alcoa should have alc
Off. I look at the economic affect. Im jen rogers in for ali velshi, and this is real money. In just nine days voters in six states will decide whether to raise the minimum wage. The federal minimum wage is 7. 25. States and cities have passed higher minimums, this year the United States senate voted down a pill proposed by obama, to raise the minimum for 10. 10. Republican lawmakers never liked to raise the minimum wage, arguing that it hurts businesses and jobs. In key senate recesses a negative stance on raising could cost them. Ali takes a look. Reporter democrats are bracing for a republican takeover in the United States senate. In some traditional red states the gop may be vulnerable on a key economic issue boosting the minimum wage. Theres minimum wages on the ballot in a number of states. One is arkansas, where the democrats are looking for anything they can to drive turn out for senator mark pryor who sw pretty embattled there, and theres hope that increasing the minimum wage
The crop, and they are dying off. I look at the economic affect. Im jen rogers in for ali velshi, and this is real money. In just nine days voters in six states will decide whether to raise the minimum wage. The federal minimum wage is 7. 25. States and cities have passed higher minimums, this year the United States senate voted down a pill proposed by obama, to raise the minimum for 10. 10. Republican lawmakers never liked to raise the minimum wage, arguing that it hurts businesses and jobs. In key senate recesses a negative stance on raising could cost them. Ali takes a look. Reporter democrats are bracing for a republican takeover in the United States senate. In some traditional red states the gop may be vulnerable on a key economic issue boosting the minimum wage. Theres minimum wages on the ballot in a number of states. One is arkansas, where the democrats are looking for anything they can to drive turn out for senator mark pryor who sw pretty embattled there, and theres hope that
Off. I look at the economic affect. Im jen rogers in for ali velshi, and this is real money. In just nine days voters in six states will decide whether to raise the minimum wage. The federal minimum wage is 7. 25. States and cities have passed higher minimums, this year the United States senate voted down a pill proposed by obama, to raise the minimum for 10. 10. Republican lawmakers never liked to raise the minimum wage, arguing that it hurts businesses and jobs. In key senate recesses a negative stance on raising could cost them. Ali takes a look. Reporter democrats are bracing for a republican takeover in the United States senate. In some traditional red states the gop may be vulnerable on a key economic issue boosting the minimum wage. Theres minimum wages on the ballot in a number of states. One is arkansas, where the democrats are looking for anything they can to drive turn out for senator mark pryor who sw pretty embattled there, and theres hope that increasing the out. Traditio