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
How did the revolution survive its darkest hour . Because, of course, while all of this lofty language about liberty and rights and creating constitutions and remember the ladies is going on, the Largest Overseas expedition in european history is headed towards new york. So the mural that you see beside me here is an eyewitness depiction, which weve blown up as a mural, showing 5000 british warships and about 6,000 british and hessian troops in landing boats about to land on manhattan baynd in kept bay kips on september 15, 1776. At the time, one of the soldiers saw the ships gathering in new york harbor and later said i thought all london was afloat. So, it was one thing to declare independence, to tear down the king, to declare that you are now living in the American Revolution, but to actually achieve american independence was going to be an effort of many, many more years of struggle. And the first thing americans had to do was just survive the onslaught that was coming in the form
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
How did the revolution survive , its darkest hour . While all of this lofty language about liberty and rights and creating constitutions and remember the ladies is going on, the Largest Overseas expedition in european history is headed towards new york. So the mural that you see beside me here is an eyewitness depiction, which weve blown up as a mural, showing british 5000 warships and about 6,000 british and hessian troops in landing boats about to land on Manhattan Island in kips base on september 15, 1776. At the time, one of the soldiers saw the ships gathering in new york harbor and later said i afloat. Ll london was it was one thing to declare independence, to tear down the king, to declare that you are now living in the American Revolution, but to actually achieve american independence was going to be an effort of many more years of struggle. And the first thing americans had to do was just survive the onslaught that was coming in the form of the british army. We have a really e
[inaudible] can you hear me . Even though it doesnt even though we hadnt gotten together in more than a month, it feels like all of us are all together all the time. Number of Staff Meetings is up 2x. Number of management meetings is up 2x. We were set up to work remotely. We do that because were on the road quite a bit, and we have nontraditional hours where were conducting meetings after hours, on weekends and evenings. This was a seamless transition for us. Weve had access to digital presentations, software of every kind, from excel to powerpoint, email. Access to our custodian. Its really been a seamless operation. The only disruption is that we havent been able to do travel to meet with external managers, but the number of manager meetings is still up 2x. And i would say that we benefited from good timing. We actually deployed all of the laptops to the investment teams with docking stations to be able to work here as well as remotely three months before the covid emergency, so the