Every time you think theyve buried technology stocks, it turns out to be the moment to buy them every time you think theyve abandoned the Growth Stocks sell, sell, sell. No, theyre right back there. Buy, buy, buy every time youve written off the industrials or decided the latest fed rate hike Means Nothing to the banks, the money flows right back in. The result, a bountiful day. Hallelujah where the dow gained and the s p both set records and the nasdaq liclimbed 1. 42 . And it reminds us that the nasdaq doesnt just go down, which is what you felt like last week thats a good point, isnt it . Where were the buyers when these stocks were pummeling . Where did the sellers go i think its a great question, given how quickly the market has given up on each group, only to come back in the end it is why ive urged you for years to buy the dips endlessly. Because the negativity gets so thick at the bottom, that you can miss these opportunities unless someone reminds you that theyre out there. Le
Matt miller in hamburg at the g20. This is what were watching. Bonds being bashed. Investors heading for the exit. Number lead payroll to more selling . G20 kicks off. Please use a water can against protesters. Todays main event is trump facetoface with Vladimir Putin. Dozenty in at least a u. S. Power plant has been breached. The chief suspect, russia. Matt, welcome back. Matt 30 minutes to go until the open of the cash trade on equity indexes. If you look at their futures right now, you see a little bit of a mixed picture after a slide for the cash trade. Futures popping positive for germany and france. Still negative for the ftse in london. It will be interesting to see, but as you say, the focus is really going to be on the fixed income trade as though yields continue to sort. German yields went from zero spot for two zero spot six fast. Interesting to see how it is happening across europe and in the u. S. The moves have been aggressive. The european open has not been the greatest
Peak oil which is usually focused on supply. What the story talks about his oil demand is peaking sooner than a lot of governments, a lot of executives may have thought. That is down to several factors. Electric cars are really gaining in popularity. Chinas growth has slowed and there is pushback on a mission for cleaning up the environment. That has led to a quicker slowdown in demand for oil, obviously coupled with extraordinarily low prices. That is pressing on the demand side of the equation. Oliver what i thought was interesting is that when you think about potential peak demand for oil, there is a lot of cataclysmic theories you can come up with because so much of the worlds biggest powers rely on that for income. In the story none of these institutions really seem too alarmed about it yet. Megan i think it will get more alarmed. The number one example of a place that is reinventing what is doing is saudi arabia with aramco and how they are trying to reinvent their economy Going
He does look at oil and a discussion of peak oil center than we thought. We converted this part of peak oil. It was focused on Peak Oil Supply and what this talks about is that while the man speaking a oil demandshan peaking a lot sooner. There has been pushed back on missions and cleaning up the environment. That has led to a quicker slowdown in the demand for oil. That is really pressing on the demand side of that equation. When you think about potential peak demand for oil, there is a lot of cataclysmic things that you can come up with. So many of the worlds biggest powers rely on that as a source of their biggest income them as one of the biggest sources of income. They are trying to reinvent deal with whato is going to be the decline of oil which has always been predicted but does not this rapidly. Obviously, this has the biggest ramifications for the middle east. In the u. S. , we remember talking about oil and dependence for the u. S. Where we had fracking, National Natural gas.
He does look at oil and a discussion of peak oil center than we thought. We converted this part of peak oil. It was focused on Peak Oil Supply and what this talks about is that while the man speaking a oil demandshan peaking a lot sooner. There has been pushed back on missions and cleaning up the environment. That has led to a quicker slowdown in the demand for oil. That is really pressing on the demand side of that equation. When you think about potential peak demand for oil, there is a lot of cataclysmic things that you can come up with. So many of the worlds biggest powers rely on that as a source of their biggest income them as one of the biggest sources of income. They are trying to reinvent deal with whato is going to be the decline of oil which has always been predicted but does not this rapidly. Obviously, this has the biggest ramifications for the middle east. In the u. S. , we remember talking about oil and dependence for the u. S. Where we had fracking, National Natural gas.