The biggest global coordinated effort since 2018 to save the Global Economy from the coronavirus. Were seeing it react pretty dramatically in the Commodity Prices right now. Look at the dow, were back up 766 points. Crude is up over 5 . Gold got smashed last week on margin calls, it is coming up 30 inhouse. That is pretty incredible run after a big blowout last week. The reason theyre buying gold, if all Central Banks start easing policy, gold might be a safe haven play t wasnt a safe haven play when we were worried about global recession but those odds seem to be going down as Global Central Bank starts to take action. Interestingly enough, last week commodities really got crushed. Grain prices, cattle prices, food prices across the globe, worried that people wouldnt have a lot of money to pie a lot of food. Those prices are coming back. Really a mood change from Opening Sunday night. We got more bad news from the coronavirus and more bad news thing is getting out of control, we open
Who isnt . Who needs a miracle . Thats what it comes down to in the age of the coronavirus including today where the dow rebounded 1,167 points the s p surged 4. 9 . And the nasdaq pulled up 4. 95 based on the hope that federal government stimulus could offset the sudden slowdown were getting in the economy and beat the demand shock caused by the coronavirus. So how do you pick among the rubble now that were bouncing too you think the stimulus may be too little, too late . Which is the judgment i have heard all day. Some people are skeptical. First for all intents and purposes, the market is not working. Thats all you can say well, how about that these violent swings, what are they a sign of they are a sign of sickness. Its unhealthy they tell us people are scared and theyre far too few players, too many investors, too many guys with machine guns for stocks to be able to handle the impact of that fear. It doesnt help the tail wagging the dog. The market just cant handle all this algori
[inaudible conversations] in San Francisco. Im the director of events and we are pleased to welcome you to our author event. We are pleased to welcome you to this event with roland de wolk. We are pleased to have them both here for the first time. Before we begin, i would like to find out how many of you have been to the mechanics before . Wonderful. How many are new . Wonderful. Please come back wednesday at noon, we have a tour of our library, the librarian will show you around. At the International Test club down the hallway. 1850, we have a long history of San Francisco. We have Ongoing Events such as this one. We have the International Chess club down the hallway that presents their ongoing lectures and tournaments. Also, we have book clubs and a Writers Group and friday nights, we help we you welcome and join us for our cultural events. I would like to introduce our guest. Hes an Investigative Reporter in print, broadcast and online journalism. Is also a historian at the universi
And the nasdaq closed at a record high. Russell, a lot of big movers were in that cap space. Grubhub, Weight Watchers, club our you are getting more brass. We want to Mention Volume picked up dramatically in the dow. Up 47 . The nasdaq up 20 as well. Let us check in with our report just to see what they were monitoring. Abigail, what are you watching . A stick with the theme that investors, traders too optimistic given the current context of the tensions in the middle east. Evaluationp 500 self and the technical stretched this is a one year chart. What we have is the s p 500 climbing relative to the 200 Day Moving Average went it went above. It consolidates down toward the 200 Day Moving Average. 9 above the average. Not every day that we have alltime highs. Missile attacks in the middle east but that is the case. Highs in their. Stretch conditions may consolidate a bit. Taylor. I am taking a look at the similar thing p. A multiple basis. If you take a look at the chart Bleakley Adviso
I am laura shepard, director of events and im pleased to welcome you to our author event for comers new book grothman. In conversation with San Francisco columnist, we are pleased to have them here for the first time. I would like to find out how many of you have been to the Mechanics Institute before and how many are new . Please come back and we will give you a free tour of the library and show you the Incredible Library on the second and third floors. The International Chess club is down the hallway and we will tell you about our history. We were founded in 1854 and at the Mechanics Institute we have ongoing author events like this one, the International Chess club with their ongoing lectures and tournaments and book clubs and writers groups and on friday nights, we hope you will join us for all our cultural events. I would like to introduce our guest Roland De Wolk, an Investigative Reporter in print, broadcast and online journalism and a historian university adjunct and author. Du