Lets dive deeper, get a read of stories beneath numbers without reporters. Abigail scarlett, talking about the boy start to the year. The nasdaq up for a fifth week in a row. The top sector for the s p 500 technology up. Pretty incredible, last year having its best year since 2009. That is the degree of eying interest we saw in 2019. It is continuing. He also have Communication Services with some of those Communication Companies along with big internet names and then health care. The top sectors this week up more than 1 . Tech really leading the charge. At this point there may be reason to think that tech could cool off a bit. This is a one year chart. We see that the tech sector clearly going in the right direction. The tech sector in white. That the tech sector has been well above that 200 day moving average, rising. The tech sector is 16 above that 200 day moving average. The most at any point over the last year. A series of lower highs, all of this may suggest that we could see a l
Corporate bonds on track for the best returns in a decade, but how long can the rally continue . We begin with the big issue, markets betting low rates are here to stay in 2020. It is hard to see the yield breakout from here. Bond yields moving sideways. We cant generate any inflation right now. Still attractive but certainly not breaking out. 1. 20 by the end of the year. If we get to 1. 2 on the 10 year, we are looking at a global recession. We are going to test 1 . A lot of things have to be go incredibly wrong to get to 1 . Unless the market begins to price in additional cuts, the 10 year, at most, will drop down to the 1. 60 range. The fed will probably not cut again. If there is any weakness in the data, you will see an outsized rally in bonds. The path to least resistance has been lower, and i see no reason to think that will change in 2020. Taylor can we break out of the range set in 2019 . Joining us from new york are collin martin, peter tchir of academy securities, and in pa
Others. An extraordinary year to look forward to. Thank you so much for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means. We must talk about the central bank. Weve got to talk about the markets. You have been the gloom cruise great pinata. Good times, bad times. We cannot possibly go up. Confounded off the gloom of last december, but confounded over one year, five years, 10 years to good and substantial equity returns. When does it end . Abby tom, thank you first of all for having me here for this discussion. Gloom at yearend 2019 in many ways set us up for a good start to 2019 in the markets. One of the things i am concerned about is just how happy everybody is as yearend 2019. I think what is priced into the market right now is an economic scenario that seems to be the most likely. No recession. The economy perking up a little bit. Corporate profits in single digits, maybe higher growth. It is p
Spending, good domestic momentum, but facing these headwinds in manufacturing. We are in the moderately accommodating stance, and thats appropriate. A shallow dip. Technicaloks at a recession. But this month data points to stabilization. We will be live in frankfurt for the reaction. Welcome to daybreak europe. Numbers coming through on the bloomberg. Let me get to those before i take you through the markets. What we are seeing from rwe is that its raising its standalone and that forecast for 2019. That is the red headline coming through here. It is confirming its dividend target for 2019. It has a ninemonth standalone itda is 1. 5 billion euros versus 1. 3 billion euros year on year. There are raising its Profit Guidance on the return of u. K. s capacity payments. It has raised that profit forecast for the year on earnings in its trading position and the reinstatement of the u. K. Capacity market designed to protect supply. That is what we are getting through from rwe. We are also loo
Next, officials from the fai Justice Department, Homeland Security, and u. S. Election Assistance Commission testify on election infrastructure security. And how each agency is working to protect voting systems and coordinat coordinate with state and local officials. This house judiciary hearing runs about 2 1 2 hours. On judiy welcomthe judiciarywill come to. Without objection, the chair is authorized to house subcommittee on the judiciary will come to order, without objection. The chair is authorized to declare recesses of the committee at any time. We welcome everyone to this mornings hearing on securing americas elections part two, oversight of Government Agencies. I will now recognize myself for an Opening Statement. Last month this Committee Held part one of a series of hearings on securing americas elections. In that hearing, three witnesses who had been jointly selected by the committee testified unequivocally that our nations elections are under attack. Deborah plunket, former