Korea. No. Like afghanistan still theyre still there still like a rock. Syria sticker it no no how about the war on drugs oh god no war on poverty homelessness hunger we would war on fiji spanners yes havent seen one of those 2 in a good long while because were tough america and tough Leadership Matters and it determines whether we thrive and grow or whether we live or die now we need leaders good as our people a leader who appeals to the best within us not the worst a leader who can unify not divide. A leader who can bring us up not to. I know that man ive worked with that man ive seen his talent ive seen the strains ive seen his pain and ive seen his heart police in new york for the Matrix Police any of the major acts i know that man ive worked with that man ive seen his talent ive seen a strange ive seen his pain and ive seen his heart that man is joe biden that old guy they keep in the closet that guy they wont let speak because he always says something nutty endora its just a guy
Upper 106 level before u. S. Retail sales and trade talks are planned for the weekend. We are seeing dollar weakness in recent days. Gold futures at 1946. It is above 1900, a wild ride for the metal after surging 30 this year. We saw the plunge below 1900 tuesday. Gold is still an of the bestperforming commodities of 2020. 66. 22. 10 year yield at lets flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including Industrial Production and retail sales. The csi 300 is in negative territory, down. 4 . The yuan is at 6. 93. The hang seng is getting some gains. Center, infront and negative territory right now even as it the highest estimate. Tencent also played down the Trump Administration as we check been. Ban wechat the kospi is up on a 52week high. Look at southeast asia, this is asias worst performer this year, correctly up. 5 . It may rise to between 6500 to 7000 this year, driven by pretty much the government stimulus pac
An eye watering loss. Costsosses and rising mean bonuses are set to disappoint. We are seeing u. S. Futures flat. This, of course, after we had the regular session seeing record highs. At one point, topping the record reached in february before the pandemic. Every sector on the s p 500 was in the green. We have nikkei futures moving higher as we have the japanese yen under pressure. We have seen it fall against the u. S. Dollar for the past four sessions. Right now trading around the weakest in three weeks. In sydney, futures higher. We have the aussie dollar listed a little bit higher. We have a softer u. S. Dollar, not to mention higher commodity prices. We have kiwi stocks at the moment gaining ground after seeing the worst day in a month. This as we have rbnz expanding their qe program. Gains in the currency returns, commodity exports, unr holdings qnr holding steady. U. S. And chinese negotiators plan to discuss progress in the phase one trade deal. Pushing toset to be widen the a
Fullon identity politics for the democrats. Mr. Biden now has a strong lead over the president. Hes 12 points ahead in the latest fox news poll. However, look at this. There is a huge Enthusiasm Gap and it is in mr. Trumps favor. 31 say they would vote for mr. Biden because they are enthusiastic about him. Double that number, 62 , said they were enthusiastic about President Trump. His base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. They have already started to line up outside the stadium. We will take you there in just a few minutes. And we will take you to wall street and you will like it. Another rally this morning. Look at this. The dow will be up over, what, 350 points, 1. 3 . A similar gain for the s p and a 1 gain for the nasdaq composite. 10,100 on the nasdaq. Whoa. Amazon roaring ahead again today. They are clear lockdown winners. Jeff bezos is a clear lockdown winner as well. Hes by far the richest person in the world. Hes now
Salesforce also up higher. A lot of those secondtier tech names also did well. 10, 15 or more. They are looking for what they think will be the next leg up in this market. Taylor we do a lot of analysis here that abd traditional models dont work anymore. But over the weekend, i was reading about the fed model, ifating around an idea that you use the fed model, equities could march higher than where they are right now. That is a note in the midst of some of the optimism, that catches my attention. Romaine jack, lets pick up where taylor left off, specifically around this idea of how you evaluate market and whether some of the core metrics for valuation really matter in the timeframe we are in. Into this next earnings season really paying attention to some of those more traditional metrics . Jack i think some of those more traditional metrics make sense still as long as you compare them to other metrics. I dont know if the core price to earnings ratio on the s p 500 tells me a whole lot