How long could that drag on for . What does it mean for a debate around the first of november . I think theres already promises that the company will file a lawsuit, trying to overturn the law and say that its unconstitutional. Violating the First Amendment right to free speech. But the lawmakers say that they are very confident they will prevail because this is a foreign controlled company and theres no right to free speech for a chinese company. The right to free speech is for the people on tiktok. So the argument is that this is very similar to regulations that the government has on who can own broadcast stations, for example. Or radio stations. Theyve had these kinds of regulations in the past. Of course, this is an immensely popular social Media Network that 170 million americans are using. So that makes it such a valuable resource if you are the chinese government. This is something where its going to piece be hard to see whether china will be willing to let it go. Let the algori
Even though we saw stocks lower today, it seems like this run is still intact, particularly if tax reform moves forward by the end of this year. Not so great for one particular asset, 8240, this chart i want to show you, gold. Week,rd this earlier this if we get tax reform through and Interest Rates rise, which they look set to do, that was also pointing to the fed minutes, gold will suffer. We have seen gold slip from a oneyear high in september. , it though it is choppy looks like that down trend is in place. Dont buy gold. Some people would beg to differ thing gold has reached a bottom and you still have to find a decent return in this situation. Given fed minutes and inflation coming you have to wonder how much higher these rates can move and the dollar move. Exactly. If there is no inflation, or very little inflation, that is the same case for gold. Lets pull up the chart for the u. S. Markets and show you how we , particularly after those fed minutes. The dow, s p, and nasdaq clo
Asia. Rishaad starting the program looking at the major benchmarks around the world. Index, lets have a look at what it has been going on since last anywhere he. January. White, last january. The green line, looks at the magnitude and speed of price fluctuations. 70 seems to be overbought or undersold. And we have the world index, showing the euphoria around the world is gripping the whole world, as opposed to just the msci emerging markets indicator, purple. And then we have the asiapacific index, the secondmost overbought one as well. There we have it, heidi. The party goes on for the time being. Heidi do these technicals part of something that could be in the way of a correction . Europe might be the only one that has a bit of room to move. A number of key events could pull this different directions. The u. S. Laterin this week. Japan is back in trading action after the threeday break. 24,000, Japanese Equities looking at the highest since 1991. Take a look at the action. We will se
Youre getting ownership of a company, some are higherpriced, shorter duration. You may buy something at 85, if they refinance, everything trains up to par. We also have some securities that came out of distressed, become equities, but they have done really become darlings of the mutual fund world yet. That transition creates a value gap that is quite tangible and large. Erik what is the stupidest place to take risk today . Josh that is a hard one for me to say. Im not sure i can give you a good answer but i would avoid being in very longduration low coupon bonds of any sort, particularly of investment grade. There is not a lot of upside remaining in highgrade longduration bonds. Relationshipric between the upside and downside. How do you think things will evolve over the next couple of years . If you were to cast your mind for 12 months, where would you be deploying capital . Monthsver the next six it is hard for me to look out an entire year. You dont know what accident will happen in
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t