For the drop. The nasdaq 100 extended its 2020 rally. More now with abigail doolittle, our Bloomberg Markets reporter. L ofe been following al the action. What do you make of stocks rallying at the close . Abigail what an exhausting week. A mixed close on the week between different indexes, making it just as exhausting. All of the volatility tells you what we were talking about yesterday. The uncertainty out there. Theres the nasdaq 100 on the week. You can see the huge ups and downs. This tells you investors do not know what is going on. Between this month and last month, not a lot has changed fundamentally for these companies. Just technical movement, that in august. E had at this point, you do have the on thep investors up 2 nasdaq 100. The best week going back to august. Largely driven by apple having its best up week since august 21. From a also up sharply percentage standpoint. Apple, from a waiting standpoint, as you know, between those two companies in early 20 nasdaqsset 100 o
Slightly pressured. 650 billion are wiped out in u. S. Equities in one day, yesterday. A lot of it has to do with the dollar. On track for the best week since april. That is hurting sentiment around the region. The aussie dollar is hovering around the july lows. You have more calls for a cut of the cash rate from the rba next month. We see yield heading lower in australia. 105 for yourat offshore renminbi. Slightly stronger for the pboc. Here are where yields are. 67 basis points. We continue to watch whats going on in the aussie 10 year, and the china bond inclusion could happen later on today with that ftse russell. Russell wreste. Could spur inflows into the market. We are watching commodities with the Dollar Strength. The metal is falling off. Silver, copper and aluminum taking the biggest hit in the last 24 hours. The marketre on action we are joined by our mliv strategist in singapore. Question of the day is what i want to start with. What assets suffered most from deleveraging .
This morning i got a call from the cleaning and i am an ideal candidate here. Theres not much in there looks like a couple of drops im ready. Those are main stories here in our international you can read more of our. Report is straight ahead on. National and in the u. K. And ireland it is with us. So i said. Well max youve often talked about the me mcconnell me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intention this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 1075 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situati
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situation that chart shows 84 percent of the value intangibles or the Knowledge Based on knowledge so take a look at tesla for example they must has knowledge about how to go on joe rogan and promote his means he has knowledge about creating means he has knowledge about branding he has knowledge about interesting engineering ideas but the actual book value of the company itself is nowhere near the hundreds of billions of dollars we see in the stock market thats true across the board for every Single Company really in the s. And p. 500. 00 they make their cash flow on the ability to game the system and to exert arbitrage spliffs on the data thats being rolled on the various cash tasks of different banks and like you have on lost so eloquently demonstrated on the joe rogan show so this is interesting use the Word Knowledge because you think about knowledge any thin