Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh, really scary, devastating. And as Small Business finished time to break out the apple stands and the sa
Season just step away from the roulette wheel because if you try to trade around the quarterly reports, you are going to get singed, if not burned after a record day, where the dow gained 27 points hallelujah s p climbed 2 , nasdaq inched up 0. 17 . That was easy earnings season is devastating for traders. No if you want to invest in a stock before reports and buy things if the stock gets hit thats another thing but trading no thanks. I didnt always feel this way. My Old Hedge Fund i used to place heavy bets on what would happen before it happened. I had as much legal information as i could get my hands on and always thought i had an opportunity to make a good call ahead of time but that was before regulation fd when the government leveled the playing field. When i was running you could meet with execs with small Interest Groups other people didnt want access or privy to that is illegal. These days everyone has access to the same information at the same time. I think thats fabulous. No
good afternoon. the transport secretary says it s not for the government to intervene to try to prevent three days of strikes on the railways this week. grant shapps dismissed calls from the rmt union to get involved in the dispute as a stunt saying it s for the employers and unions to reach an agreement. mr shapps says the strikes would be an act of self harm. the labour leader, sir keir starmer, says the government wants the strikes to go ahead to sow division in society. here s our political correspondent, damian grammaticas. set to bring the rail network to a grinding halt from tuesday, they are the biggest strikes in decades. instead of 20,000 trains on a normal day, just one in five services may run. awful for people if they need to get to jobs and to work and to places. like, i ve come to visit my son here and if i needed to come back again then, no trains we re just going to have to put everything behind. i m going to test cricket next week and to my grandpa
and millions of others are stranded after floods in bangladesh and india. communities in finsbury park gather to mark five years since the terror attack in which a van was driven into worshippers outside a mosque. it s two hours until voting closes in the final round of parliamentary elections in france, with president emmanuel macron facing an alliance of left wing parties. a photo of the duke of cambridge with his children is released to celebrate father s day. good afternoon. let us start with some breaking news. the international swimming federation has voted to restrict the participation of transgender athletes in elite women s events. former world champion swimmer karen pickering mbe tweets on transgender ruling by fina. i was at the fina congress for the presentation, discussion and vote and i can vouch for the care and empathy displayed for any athletes who wont now be able to compete in the category their gender id may align to. they say a working group to establis