Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste
Decide what kind we are dealing with i wish we could say we always know how to respond but the early days of the decline, well, theyre never easy to navigate first, lets borrow a line from the fabulous Anna Karenina all happy rallies are alike. Each sell off is unhappy in its own way. Its so true bull market sent stocks higher and everyone thinks theyre a genius for participating in them big declines much harder they would be the start of a bear market or a glinch. Thats why i want to use history to try to identify some of the common qualities so you can figure out how to handle the inevitable moments of weakness without panicking. First let me offer some historically constructive words of relief, sanity and real, not phony, but real assurance. Theres only been two truly horrendous sell offs since i started investing in 1979. The one day crash of 1987 and the rolling crash of 20072009 i could have down the nasdaq crash but the s p held up well lets deal with these two big ones head on
I am very disappointed, however, that for some reason, they forgot provide the band. [ applause ] which i think we would have enjoyed very much. The previous speaker said three things with which i think we can all agree and growth is very important and that jobs are very important. And trade needs to be free. And perceived, and i agree with this, to be fair. I think those three points, growth, jobs and nature of the trade willing system are pretty important for our discussions now. Willing system are pretty important for our discussions now. Willing system are pretty important for our discussions now. Illing system are pretty important for our discussions now. Lling system are pretty important for our discussions now. Ing system are pretty important for our discussions now. Ing system are pretty important for our discussions now. We are meeting for i think pretty much the First Time Since january 2008, it tends to be behind the times, so i didnt realize how bad it would be, but since t
Is up a buck. Our roadmap begins with historic highs for stocks, and the worst plays at these levels and where it may go next. It is amazon prime day, and now the company hoping for a big boost to its bottom line from new amazon prime members, the real driver behind the massive craze. And pokemon driving nin tete stocks up high, and stocks looking to make more history, a day after the s p set those record highs since may of last year. Alltime internet high now 2143, the closing high, 2137. Nasdaq poised to open in positive territory, which it has not done, unlike the other two, all year long. Your point this morning, jim s, not enough people care at this point . No, too many people ordering shoe dog for you on amazon prime day right now. Right . Here we go. Im ordering shoe dog. Nick nike has yet to confirm, starbucks has yet to confirm. If we can get amazon to get going, we get cisco, say through 30, intel positive note, we take microsoft and shoehorn nintendo, we could get them. This
Squeeze. Theres wall street lore about Rosh Hashanah and sell yom kippur. Not coming right now. Exactly. An exclusive with the chief Investment Officer at calpers. One of the biggest funds in the world. And if you remember last week huge news by announcing to stop investing with hedge funds. Today, were going to find out why from the person responsible for those zixs. Largest Public Pension Fund. Great point. Because, look we made sure to know theyre the Largest Pension Fund last week. Hows this for a Company Vacation policy . No policy. At all. As in, take as much time as you like. Whenever you like. No limits. Were not talking hypotheticals here. Richard branson whom you see there vacationing as much as he likes at virgin telling the flows today, thats how its going to be from now on. Will it work . A lot of opinions on that. We have the full story coming up. As soon as we finish our vacation. I might give that a try. Yeah right. Exactly. Show you how the markets are trading right no