Rally with a haven assets, and then volatility for stocks. Right now they are having rotation back into the cyclicals. That has not been the story on the week. Tons of uncertainty on the week. Bondswe have the yen and climbing early on monday. A big tell on some of the volatility we saw for stocks. Guy is there anyway david is there any way of knowing how much of this is on the fundamentals of actual news about coronavirus or jobs and how much is positioning . How many people had short positions that took off yesterday . Abigail i they get has a lot to do with uncertainty. You had a huge move down, and then the wave of liquidity from the fed to offset that decline. The fundamentals, people have views on whether there will be a orhaped recovery, a w, an l possibly something worse. When you have a move up 40 more , you have markets incredibly tight. Any piece of bad news will set to the downside. Not as much conviction near the top. You have the idea the virus might not be as strong. Tha
Three handle on the s p. There is no such thing as a triple top yep thats in play the fact that basically no such thing generally as a market that kind of repeatedly tests that upside ceiling and doesnt punch through. I think you look below the surface and say what would cause this move to stop aside from the fact that we are all looking at what are acknowledged to be some resistance levels, the 200day moving average, some exhaustion, Technical Levels out there the leadership stocks dont give much back. A lot of comeback in the most cyclicly attuned stocks at the center of this economic crisis it seems like sentiment is while you can see some speculative froth perhaps in the call numbers and some of the day trading data in general, it doesnt seem like people are overcommitted to equities. That leads you to the question what would stop the move not keep it going. There would be no injustice if this market fell 5 , 10 , but it is not showing you the signs, aside from some wear and tear o
A good note that. You made for mines. All film begins in hawaii in the middle of the Pacific Ocean in spite of the islands remote location it is also foreman victim to the epidemic of the 20th century plastic. On. Plastic pollution is littering beaches and endangering sefton spaces of animals no matter how remote or out of reach. But. In this new bar a tree in the north of the occupied ago scientists study marine animals not plastic at least in theory. No idea what that. But its certainly plastic. Jessica perelman is a biologist accustomed to finding plastic in fish stomachs she has started a very unique connection casually often plastic bags and this was all coiled up in the stomach when i found it had no idea what it wasnt all that it just did you react when you find this in the storm and i was shocked i started you know documenting it measuring it taking photos showing whoever else was around in the lab and we were kind of we were just you know a shock to think that that these fish
The sectors where you might want to hide out, each down by at least 4. 5 . Volumes down as well. Industrials, 106 above the industrial average in canada. Canadian stocks fell 10 on the day as the country recorded its first death from the coronavirus. Romaine european stocks flirting with the bear market. Of course, we had that big drop in crude. We know what sovereign bond yields are doing with the treasury yield. Scarlet everyone is looking for different technical levels, searching for any kind of hint. That is what Abigail Doolittle does so well. Abigail i want to start out with what stood out to me most. Capitulation, even though we are probably not close to a capitulation bottom. The dow transports in a bear market. Oil clearly in a bear market. The s p 500 down almost 19 . Hard to see the s p 500 not slip into a bear market. What the impact will be to the global economy. This is the chart that really, on this day, stands out the most the dow transports today did something it reall
Mines. All film begins in hawaii in the middle of the Pacific Ocean in spite of the islands remote location it is also foreman victim to the epidemic of the 20th century plastic. Plastic pollution is littering beaches and endangering sefton species of animals no matter how remote or out of reach. In this in a bar a tree in the north of the occupied ago scientists study marine animals not plastic at least in theory. No idea what that. But its certainly plastic. Jessica perelman is a biologist accustomed to finding plastic in fish stomachs she has started a very unique connection. Casually often plastic bags. And this was all quelled off of the stomach when i found it had no idea what it wasnt all that it just. Or did you react when you find this installment i was shocked i started documenting it measuring it taking photos showing whoever else was around in the lab and we were kind of. We were just shocked to think that these fish are are really ingesting this i mean. To her disbelief th