Against midway, against the japanese in world war ii the s p jumping 6. 24 . The nasdaq gaining 5. 60 in spite of the hideous jobless claims number in history this is the best day since 1931. So far covid19 has run the table against us we were not prepared and this virus has had us on our heels the whole way. Attacking the very basis of our civilization, life, liberty and especially the pursuit of happiness which in this case means the right to watch march madness, grab a beer, see Cirque Du Soleil in vegas at least until today were up against an insanely bullish last few minutes of trading. Astonishing return for large caps bully. Weve seen big run in all things tech it wasnt coordinated. Like our initial attempts to homeland the line in world war ii we were overcome by a prettier prepared enemy, virus its killing people directly and killing the economy. Like the greedy win at midway, google, watch the movie, even the terrible remake. I am beginning to think we can hold off one of the
And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
Crisis. Around two decades ago, it started with the overprescribing of opioid drugs and shifted more to heroin. Today, the subcommittee examines the next wave of the Opioid Crisis and even more dangerous threat on our streets, fentanyl. Fentanyl is made in the lab and for many years it has been a powerful Pain Medicine used by patients with cancer or for those with extreme pain. I remember when i was injured in iraq a few years ago, Battlefield Medicine meant in recovery, they gave me lots of fentanyl patches. I know what its like to have the reaction to that. Its 50 times more potent than heroin. And 100 times more potent than morphine. Now, fentanyl has become a potent adticate to heroin, cocaine, or Prescription Drugs. This is way drug dealers stretch out their supply and spread out the number of addicts, sort of what people have done with msg in fruit. Users aunch dont even know that fentanyl is in the heroin. The fentanyl crisis is exceptionally dangerous because of its high poten
Crisis. Around two decades ago, it started with the overprescribing of opioid drugs and shifted more to heroin. Today, the subcommittee examines the next wave of the Opioid Crisis and even more dangerous threat on our streets, fentanyl. Fentanyl is made in the lab and for many years it has been a powerful Pain Medicine used by patients with cancer or for those with extreme pain. I remember when i was injured in iraq a few years ago, Battlefield Medicine meant in recovery, they gave me lots of fentanyl patches. I know what its like to have the reaction to that. Its 50 times more potent than heroin. And 100 times more potent than morphine. Now, fentanyl has become a potent adticate to heroin, cocaine, or Prescription Drugs. This is way drug dealers stretch out their supply and spread out the number of addicts, sort of what people have done with msg in fruit. Users aunch dont even know that fentanyl is in the heroin. The fentanyl crisis is exceptionally dangerous because of its high poten
Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the Campaign Season bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost conta