Consumer confidence relatively judge the michigan consumers intimate data is a good guide. Lets break it down a different way. Current conditions, 85. 9. That is above expectations at 84. 9. This is what i was really looking for, expectations also ,oming in ahead of expectations but they are still below current conditions, 79. 2. They are not going down, which ethic is the really important thing, as we see the virus picking up. Alix and we didnt get stimulus, counterintuitive to what many thought would happen. Big tex stocks are lower on a stocks big tech are lower on a flurry of data. Now with us, mark st oeckle. Are you buying the dip . Tok i think people need keep it in perspective. The reports were good. I think what we are seeing today is skimming a little but of the froth out of the valuation adjustment. I think they are all very wellpositioned and very well performing companies, but lets also not forget weve had a big run up into these numbers. The interesting part is you look a
Wait a minute four weeks from be its own super spreader, i am today is election day. We dont know if all the votes will be in. Curious as to whether things are it is a good bet it could take going to change and whether you some time to count them all up. What is at stake a month before think they will change or they should, what is your thinking . The big day . We are all over it. Were also all over the yesterday certainly there president back at the were a number of white house individuals who were quarantined white house, first time in three days after being at walter reed maryland. People are saying its a good thing. Others say it is a risky thing. That the president s behavior returning to the white house raised a number of worrisome and because of the number of things. People who have tested positive blake burman following all the within the white house. If you walked into the press fast moving developments right house after Kayleigh Mcenany tested positive it was completely empty
He boosted his ear and forecast by 24 , writing a fall in erp, adjusted risk premiums will be offset by a rise in bond yields. The combination will boost the end,o already 600 by years 3800 in 12 months time. This represents a significant increase driven by valuation. What do the technicals have to say about that . Joining me now is katie stockton, founder of fairlead strategies. Off of the highs now. What does that tell you about the next direction . Is flirting with that resistance. The level im watching is 3394, the intraday high from february. For a breakout to be decisive, we need to see a couple of closeouts above that level. Highs onct new positive shortterm momentum but also looking for momentum to falter before the end of the month. You have some overextended readings in some of , alsoternal measures sentiment. Basedrcentage of stocks on their 50day moving averages reaching levels often associated with pullbacks in the s p 500. At the same time, sentiment reaching exceedingly
Last week working on a public lands package that would permanently fund the land and Water Conservation fund with a vote to move forward on that this afternoon at 5 30 p. M. Eastern, live coverage here of the u. S. Senate on cspan2. The president pro tempore the senate will come to order. Dr. Black, the chaplain of the senate, will open the senate with prayer. The chaplain let us pray. O god, our righteousness. As each new day seems to bring the unexpected, we thank you for your power that keeps us from stumbling on lifes road. Today, give our lawmakers the wisdom to find in you their refuge and strength. Lord, as they face complex challenges, may they plead to you for guidance and fellowship. Remind them that in the multitude of counselors, there is safety. May our senators plant seeds of righteousness in order to reap a harvest of goodness and grace. May they make you the foundation of their hope and joy as you empower them to meet every trial without weariness. And lord, have mercy
By about 414 points. Things have bounced around rapidly. Weve seen the volatility. Part of that was the big selling that happened. Nasdaq off another 140 poijnts. Looking at the 10year trading down talking historic lows every day when the 10yearwas above 1. 2 on the ticker, i was looking for it this is an important time to watch that, didnt you think it is crazy its a new time line to look at global rates we never thought these type of rates would get to us. They are still higher than the rest of the world is at. It is still staggering it is unbelievable and shocking on the daily basis. Providing the context. It does not happen often they are usually tied to an event. 1998, it was the collapse of the he hedge fund in 2010, resulting in a drop 2008, the financial crisis led to a fourday decline of more than 1,500 points. And now the coronavirus with a loss of 3,200. The big one was 1987 that wasnt really precipitated by any other event other than insurance. 22 in a day i want to make a