Is bracing for two days of testimony from fed chair Jerome Powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. So can powell deliver and is the fed about to spark another record rally guy . Yes. Why why eye of the tiger . Why survivor that song is brutal. It is not brutal. You chose that, right it is who survivor. Oh, yeah. I allow 10 seconds of needless chitchat. Because we have to. We usually do 59 minutes guy, can you please. I thought the market is going to roll over for quite sometime. The question is can the fed say what the market needs to hear in order to have the rally continue the s p 500 at alltime high, the vix has a 1500 and everyone feels confident that the rally will continue. I cant imagine what he could possibly say that would be any more dovish than theyve been. It will be interesting he has to answer questions tomorrow, is that right . He does. The question is if im a senator or
The real surprise was the pathetic action in the slowdown stock. We got powerful evidence the Global Economy is deteriorating and the stocks that should be rallying, they rolled over let me walk you through this one. Last time we got devastating news from basf its a german enterprise thats the Largest Companies on earth they make pesticides, consumer products, practically everything it was a very, very big deal when this Gigantic Company said they might need to slash the fouryear earnings forecast by 30 . Ouch what did they site for the outlook . Weak car sales and crop sales and our trade war with china it was a truck back and also a powerful reminder the trade conflict hurts more than american and Chinese Companies the damage is spilling all over the rest of the world. Now we got real concern, real reason to be worried while the Federal Reserve believes business is strong, something that chief powell might opine upon, the weak forecast from chemical giant basf suggestions that the Gl
False sense of security. Youll hear it even if youre a sedate daytime today where the dow gained 69 points s p climbed to an alltime high, i should add getting bored by those, and the nasdaq advanced by 2. 2 . Heres my question what exactly are we too bullish about . Are there individual stocks, sectors, that have gone crazy . You know what, i always like to break things down. Lets take them one by one as opposed to making a sweeping judgment are we really being irrational with the banks, large sector in the market after last weeks run, tough to tell when you see major dividend and buyback boosts after, of course, the federal government review, they have good reason tore positive how can you feel the same way about the stock of Goldman Sachs when the company just increased by nearly 50 and rolled out a 7 billion buyback hey, thats more than 9 of the shares outstanding in the end, it got better off the crash test results and even here, i cant say theres that much enthusiasm these stocks
Boat that was sinking with dozens of people on board. It immediately sent out one of its own patrol craft into the water to try and conduct Rescue Operations. A total of four french boats have been involved in the rescue, one french helicopter and two rnli english lifeboats have been sent out also to engage with the search. What weve mika master is somewhere in the region of 50 people rescued, six people were taken from the water and have since been pronounced dead. I can give you some reaction that weve had the last half hour from the dover mp, reaction that weve had the last half hourfrom the dover mp, she says todays treasury underlines what we must stop the small boats to keep people safe and prevent loss of life in the channel. These overcrowded and unseaworthy test track should be stopped by the french authorities from leaving the french authorities from leaving the french coast of the first place. The british Home Secretary Suella Braverman said her thoughts and prayers are with
Which is much less devastating than a burst bubble. One thing right now tao plummeting and nasdaq down 52. 3 . We actually finish even lower. It had been the opposite pattern. Boli action on the other hand is when you go straight up and then straight down but the only rescue being bubbles in 2006 and 2007. A ton of toppy action. Dragging down an entire group of investors. Most of these people never came back and in 2007 we had the bursting of the housing bubble. Nobody ould give anybody a mortgage because they were getting them to third parties. Then they rolled them into height the risk. What happened we had a financial crisis that nearly brought down our entire economy. The first one, destroyed confidence in the stock market and the second was the stomach. Destroying major Financial Institutions are leading to the great recession. That was truly a horrendous bear market. Right now we have nothing like that but i will admit though market feels toppy which is worse than fluffy and ther