The viewers. There theme is unity, and when im watching tonight, what im most going to be wer looking fo, can they bring the Democratic Party together, which is what they are hoping to do with the speeches tonight. They have everybody from pay new york governor, something of a moderate, andrew cuomo, doug jones from alabama come all the way to burning centers Bernie Sanders, and john kasich. I want to see if theres any sort of interparty squabbling, as the case may be, given how big of a tent the Democratic Party is today and how joe biden and Kamala Harris are trying to bring everybody together. I think its going to be a big task. The big question is for what . Are they against President Trump or are they for something . I think thats exactly right. One thing that they do agree on from all sides of the party is that they want to get rid of donald trump, remove have power office. But i think your question is on point. Can they agree to what comes next, should biden win. I was struck by
Galveston in 1865, or maybe tulsa this weekend the president. The bolton papers a distraction in washington. Around that, we continue to look at economics, finance, and investment. We have a terrific guest in a moment. To frame all of this is the Interest Rate market. I loved what you said in our previous hour about the continued confusion. I am also trading this june 19 like it is the end of the have, june 30. Jonathan it has been really confusing over what is happening with the United States and china, especially when you throw what is happened with trade. We need to see it in the data. That is my point of view at the moment. Lets see if it comes through in the data. Phase i actually looks like we achieve something. Of delete august mood, course, just the amount of business being done in equities. Lisa abramowicz, you see that in the bond market. What is the distinction you see in the quiet and full faith and credit . Lisa this has been the story for the year, suppressing the borrowi
And across this nation, particularly those of home, alling at different home, all different shades. My major message today is the crosscurrents that we the of where welysis are this middle of june. Of where we are this middle of june. The bar for the good news gets higher. That has been the big debate the big debate we cant choose one or the other. We know a lot more than we did when this first hit. I think the spikes we are going to deal with down the road here, we are going to be better prepared for them. Weve got the population operating in a much more safe fashion than when this first hit. I believe weve got a lot of companies putting a lot of energy into how to operate a business with a pandemic, and i wouldnt underestimate capitalists figuring that out. Weve got scientists working for treatments that can reduce the death rate before a vaccine is discovered. Theall, we kind of nowhere primary death rate is among older and compromised individuals that we can put a big ring around.
Got to cut again. Lets dive deeper into the action. . Bigail, what were you watching this we take a look at oneyear chart of the s p 500. All the volatility over the last 12 months. More recently going above it just a little bit. Two the index is having a hard time. Another whipsaw back down into the range. Taylor it was outperforming the Broader Market by more than a percentage point. We have had no trade news today. No news is good news. The index has been so sensitive. Thented to look at some of individual stocks. Here in the terminal chart that i am showing terminal customers, the index in blue and creating a divergence here. Analysts are really wondering where the stocks come down for dram. In the case of micron, credit suisse, could have a bottoming out cycle. Micron gets a lot of revenue from dram memory chips. Renita i am closing it out looking at the u. S. Dollar climbing as global fears intensify. Weaker than expected euro zone manufacturing data started to renew concerns. Th
Tank. Forail we had big gains u. S. Stocks, big rebound rally, but not so much for the emerging markets. The emerging markets index closed down fractionally. Over the last 10 days, 10 days in a row, that is the longest losing streak since 2015, the worst since the Fourth Quarter of last year. Was down ahead of the volatility. Macro concerns around a trade war and everything else, including the fed. In white, the s p 500, in yellow, the emerging markets index. Rebounding from the big selloff last year, trading mainly in lockstep. In april, it started to turn down ahead of that pullback from the s p 500 in may. Liquidity and trade war concerns. A bit of a recovery for both. The s p 500 at the market recouped or than one third of the losses today. It is a good time to focus on the stocks most susceptible to a trade war. My colleague cameron created the trade war index. 25 stocks at least 5 billion in market cap and derive at least 15 of their revenue from mainland china. This revenue has