How many does it take to stop a raging bull a bull that produced the best month for the stock market in 33 years . I think we might have found out today. Looks like 30 million. Yep, just as we learned that we had the best rally since january of 1987, an admittedly inauspicious year, 1. 2 is the slowest pace this month. We also got incredibly bad news. Jobless claims bring it to 30 million over the past six weeks. No wonder the dow tumbled 288 points, nasdaq shed. 28 today this was an explosive situation. The market was overbought. We have again another Great Depression with the unemployment number that is not confidence inspiring for me i dont know about you when we saw a great labor market before the pandemic, id still be concerned after the run from the bottom stocks had gotten too hot. Were now at plus 7. 2 , the s p range oscillator, the one i swear by it fell to bottom 20 anything above plus 5 is overbought 7. 2 reading makes me concerned which is why weve been selling, selling, s
Welcome to the twilight of the index funds. I think thats the great untold torrey er t story. For years, lots of very smart people told us that index funds were the best, if not the only way to invest. Instead of trying to beat the market, they argue that you should just buy a cheap indecision fund that mirrors the s p 500. But sometimes trying to mirror the market is a bad strategy take the s p 500 you have to own so many havenots along with the haves during this pandemic its changed everything. That at best now, with the coronavirus, youre betting on mediocrity why would you want exposure to troubled Industries Like retail, oil and gas . I know the index fund orthodoxy will never truly be defeated because theres a kernel of truth in it. But man, in this environment, where you cant go out and spend money without fear, even if you just got a 1200 check from the government, youdont have to b a genius to know that the cruise lines are untouchable. But what about the winners, though, what
Apple shareholders covered too with a plan to squeeze a little more juice from the most widely held stock its time to risk less and make more options action starts now. Welcome, im Tyler Mathisen it is the story of the day a u. S. Air strike takes down irans top military leader the attack sending jitters through the market oil prices up 3 to their highest level since last april todays move was not off the charts but could point to a bigger breakout coming carter spotted Something Like this just a few weeks ago. We have now moved above that downtrend line thats exactly what industrials looked like, and bangs, same downtrend, before they came to life this will not come to life the way banks did industrials but it has the elements of legs here. I think you warn to be long xle, capture the whole group, even though it isnt a group, its only a handful of stocks. Energy stocks did not exactly follow crude higher but the chart master sees a comeback ahead. I do. The contrarian play here is to
S p down just over a point and the dow down around 27 points. A lot of this watching what was happening in the market. Seeing the facts and circumstances that yield has continued to pick up as well getting to washington lawmakers voting along party lines to impeach the president we have more now good morning the House Chamber got a little roudy as leaders from both parties made their final speeches democrats did not choose this impeach. We did not wish for it i see coming out of a president who will put his head down and do his job. He will put the American People first. Ultimately, both articles did pass on mere party line votes and the discussion has merely shifted to what comes next House Speaker was not committal when asked whether the democrats will send the article over to the senate she even got a little combative after the vote well make a decision when we see what they are doing on the senate side. That is a decision well make fluently the Senate Majority leader does plan to m
Incredible, businesses are coming back into the United States, i think its going to be a great message that people are going to like to hear it. Maria im talk to several Business Leaders on what they want to hear from the president s speech today, we will bring you the president s comments live this morning as the president getting set to speak. The speech comes amid unprecedented confidence which could get another boost when Fourth Quarter gdp comes up this morning, we are expecting 3 growth. I spoke with Steven Mnuchin about what to expect. Last year when we were talking about 3 gdp everybody lined up and said we were crazy and that the economy couldnt grow higher rates of 2 and now we are at 3 gdp and, you know, we are going to be a sustained 3 gdp or higher and its called the tax cuts and jobs act because this was about creating american jobs. Maria that optimism still fueling markets, adding another 140 points, finishing above 26,392. The nasdaq and s p closing flat, s p up and na