I think corporate activism which seems to be on a course with conservative values. That and much more on making money. Charles after a difficult week for the markets that saw a big selloff on friday, you know what . It is no surprise that were up today. At least that is what history tells us. It worked like a time. For the past 10 years buying a dip is a major moneymaker. It provided best opportunities on friday with 2 or more losses. The result has seen monday rebounds up 70 of the time. Over the course of the month up over 90 of the time. Over time history is repeating itself. I will bring in Money Map Press shah ghailani and Gibbs Wealth Management president erin gibbs. The market finds way to bounce back from the friday selloffs. We started out pretty wobbly today. What do you make of the rebound so far . Charles, it is like you said it is expected. When we see massive over2 drawdowns on friday. It gives everybody two days to calm down, to reassess and really realize maybe they wer
F150. Impact of the americas favorite pickup truck and i will ask lauren fix about all of that and so much more on making money. Charles the market actually looking for some equalibrium today, folks after yesterdays drubbing. The signs that the about bounce run out of steam has been coming off for some time. In fact the glaring problem has been really broadening out the leadership, right . I talked about it a lot on the show. We need more stocks, more sectors to participate. Maybe financials will finally do that. Maybe they live up to the hype. They have been strong all session long ahead of the fed stress test. Those results after the close. The other glaring problem, how much of an uptick in coronavirus cases will stall the reopening of the economy. Now today both disneyland and texas hitting the pause button. Investors learned to live with pullbacks, corrections, even market crashes but how do you invest and make money when the overall economy is simply not 100 strength . I want to
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
Somebody suggested that the last week. Lets start with the markets. Just a remarkable year already but it is hard to believe that the last few sessions, with weve seen with this market is really nothing. It has sort of been sideways. The nasdaq of course has been on a remarkable one but even those gains have not been as large as they were initially before. I want to go to two of my favorites to get an overall assessment for what they think. This is well drip lower and violate key support points or were waiting for the right catalyst, the right spark to send us into the next leg higher. I want to bring in shah balani and che levine. Shah, it is great for the market to go sideways. Were knot accustomed to that this year. I think the reason it is sideways now, charles. The market is taking a breather in here. The trend has been clearly up. All of the days when the market has been up the volume has been great. On down days the volume slept off. That is only positive time. The reversal last
At here. What is happening in new york city bears watching because if this phase one plan goes well in couple weeks, they could extend to restaurants, other offerings. It gets a little it about more involved than that. Kristina partsinevelos following it all. Kristina. Reporter neil, you said the word busier and that is a great way to explain it. There is a lot more traffic on the street. A lot more people on the corners. Im seeing people waiting in line on bus. A lot of retailers in the city remain closed. Im in times square, normally we would be packed like sardines trying to get to a shop. The old navy behind me, the gap behind me kept their doors closed. Phase one is supposed to allow, agricultural, manufacturers, construction sites, retailers all to open their doors but were seeing not even Curbside Pickup. A lot of major retailers saying theyre holding off. They want to see if people are comfortable going back out on the street especially since many businesses urged their workers