We are seeing stocks fall to their lows of the session. Weve seen a sharp gyration during the course of the session thus far. Some of it appears to be driven by oil, perhaps some people paying attention to those comments by robert kaplan. But overall, we are definitely seeing a negative at this point for the major averages. Take a look at the bloomberg here for the groups on the move. Healthcare is the worst performing group. Then theres technology, financials and energy. I should mention amazon is actually in the Consumer Discretionary index in terms of where it is sectorwise, and that index is very slightly higher, so its not grouped with technology in the s p 500. When you look at healthcare and see the big decline, at least some of that is due to gilead. The companys profit missing analyst estimates. It had disappointing sales of its two blockbuster hepatitis c treatments, and so that is whats behind the steep drop were seeing. Then theres a cycle, which is a Health Waste Managemen
Finish behind Pete Buttigieg in iowa, sanders is the frontrunner whether democrats like it or not and many, it turns out, really do not. New hampshire senator shaheen was quick to point out bernie didnt win big in her state. Moderate democrats in particular are sounding alarms on a sanders nomination and congressman scott peters from a purple california district told the hill sanders is about the worst candidate we can put up. He not only wont likely win the presidency, he puts the House Majority at risk. Congressman dean philips who flipped a republican district said while i respect Bernie Sanders as a senator, as a candidate, his candidacy is very will cha efrjing for people who come from districts like mine. Max rose, a congressman from Staten Island said im not a socialist. Im thinking about printing tshirts saying as much. I think socialist economic policies fail, inevitably and just listen to the emotional pleas over on msnbc for democratic voters to beware of sanders. I have my
(Bloomberg) Companies sold a record volume of leveraged loans last month, taking advantage of the cash chasing credit. A glance at recovery rates for defaults, however, highlights a growing risk in this debt. Most Read from BloombergHomebuyers Are Starting to Revolt Over Steep Prices Across USWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedModi Set for Landslide Election Win in India, Exit Polls ShowSaudi Arabia Puts Wall Street on Notice to Set Up Shop in RiyadhTrump Is
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