Tension is thick, you can feel it, but the bias is squarely to the upside, and you do not want to miss this. Heres the thing, remember when wall street was completely certain that there were going to be the six or seven rate cuts this year . Thats what sparked this rally. No one major economist now one major economist is saying zero cuts this year, can you imagine that . Here is the thing, we want to know the true state of if economy. Daniellety mar tea know booth, dana peterson, steve moore all on deck. Gray scale ceo is going to be here to talk about sol of the troubles that theyve had recently, and a lot of people taking their money there. Whats happening . Were going to find out from the ceo. Plus, everything is not okay for the american consumer, so why do the experts keep saying it is 234 and if you really want to take control of your financial life, youve got to have financial discipline. All that and so much more on making money. Charles so is we entered today with 14 record cl
Volatility. If folks as we kick off the final hour of trade, weve got the dow adding 430 points of losses to yesterdays 240point drop. S p is down 47. Weve got the nasdaq lower by 194. Russell 2000 down 44 points. That is the worst percentage drop here of all of the majors, more than 2 down. And we show the vix . Weve got to look at the vix, because right now, as you see, youve got the volatility index up 7. 7 right now which means we have seen a 2day move that began sort of later in the session, and weve got that, i believe its about 13 higher over the past 48 hours. Right now were at 14. 71, still historically very low. Headline number two, the stock stories shaking the markets most, humana is the worst performer on the s p. Right now weve got it tanking about 13 . Updated word from the government that the new 2025 reimbursement rates for Medicare Advantage payments will remain unchanged at 3. 7 despite massive pressure from the sectors lobby is. Humana, which has the most exposure t
Contrarian buy signal. We will dissect the safety trade into the weekend. Time to sell solar . Solar edge sinks. Customers cancel and delay orders, inventory piles. The stock drags down the entire sector. With my cohost in london, guy johnson, welcome to bloomberg markets. There is somewhat riskoff into the weekend and powerful earnings members within the s p from regional to solar, the micro story. Guy the solar edges story making me feel dark. The sun seems to have vanished from the sky. The only thing you can take away from todays everybody is everybodys hunkering down into the weekend. U. K. 30year off a little bit early on, but probably the sentiment at the front end broadly the sentiment at the front end is you are looking for a place to hide out good the gold story front and center of that. On the wiki sentiment is getting pretty bad. We are at the point where you can sort of start to dip your to e in because the negativity. I dont know, you talked to a lot of people, they are v
Britains watchdog gives the green light. Boeing is the biggest drag on the dow, expanding this probe of the production defect on the max. Lets begin with the banks, jim. Overall, not just the beats, some of the commentary about Investment Banking, efficiency ratios look good. Its funny because obviously this group came in as cold as ive ever seen it. What a change from even earlier this week when pepsi came in hot and then rolls over. I mention that because that was the first big quarter. These quarters, when you listen to them, you forget how much money they can make in this environment. And then you start thinking, you know what . These things are seven, eight, nine, ten times earnings. Theyre trading like steel mills, and theyre really filled with a lot of smart people who are doing a lot of good things who show you they can make a lot of money without underwriting, without m a. Theres going to be a revaluation here, recognizing this group had become really went to the bottom of the
Front and center and for us to consider. How do you see things now . I see things as a safe haven trade is in place. I still look at the environment and see a disinflationary trend and slower Economic Growth and the horrific growths of the weekend do nothing to reverse those two conditions. Thats what i see in front of us. I believe bonds over equities is where youll see more of the valuep opportunity, but within the equity market you still have the areas where there are strong tailwinds and we know thats the magnificent seven. You can make the case that energy is making a little bit of a comeback there in that regard an the defense stocks. Most immediate, im glad you brought it up, forgive me for cutting you off, but i want go there, you bought the ita . I did. We had maintained position in the quality momentum strategy to both Lockheed Martin and nor Northrop Grumman over the last several years. We exited those positions. Nothing that could be effective in that strategy until the end