Thanksgiving coma and the ending the threeday losing streak are a set of records around the corner or this rally a flash in the pan. First of all, welcome. Thank you. [ applause the man. The momentum killer i just drop the hammer on momentum up. We call these the ifbs they told me in your name that your name at hq is c. Quint. We might take the quint thing. So, quint, to answer the original question today was a flash in the pan december 15th columns. The december levies the tariffs, the market goes down i would think it trades down to 30, 90 or so handles from where we are now and then another conversation but today was a bounce from the market down three days steveo. I do believe the market will bounce back even the last two weeks of the year if he puts on the new tariffs. So i agree with that level too 3,000 roughly in the s p but the market who wants to he will is the market . Long onlies want to be long it long short hedge funds will underperform if the market trades lower so momen
Somebody on the hook. Clearly i questioned this for weeks, incorrectly today all you need to know is at one point azmodan down about 3. 5 4 . Nasdaq higher at the time. Amazon closes done a percent or so something benign. Nasdaq grinds high are i mean its incredible to me that in the wake of what i think is some serious negative news around the globe the market pushes high are. Well know more next week. For me the most important day of the week is wednesday is when you hear from apple and facebook but even on bad earnings stocks seem to want to go high are. That tells you all you need to know. Caterpillar wasnt such a disaster on the stock price reaction. Performancewise. Compared to the report. Which is remarkable. Another examples. Earnings and guidance were not great. Then the reignition of the semi trade. Look, intel what they told you about demand last night in terms they have to beef up spli this is exactly the opposite what they told you for at least maybe one if not two quarter
This evening it was damp, the commute home slow. You see these light greens on yur screen, stretching from freemont, palo alto. This is the back edge of the moisture, this will get out of here nor the thursday morning commute. The cloud cover departing to our south. A dry day on the way thursday, but the weekend is going to be wet our first storm is at 2, moderate storm starts off with moderate showers. The wents will really pick up 30 to 50 miles per hour. On sunday, this system intensifies to a three. We only had a handful of threes. This is going to cause us some concern for not only flood iing but also some wind damage. Were looking at creek stream and the potential for river flooding, overflowing their banks. Well go hour by hour on future weather, show you when the heaviest rainfalls and look at how much rain you can expect where you live. Communities in the Santa Cruz Mountains got poundp. They have not even started drying out from todays storms and theyre getting ready for the
No rain and skies are clear. Mostly sunny skies through the day. But it will be a breezy day with temperatures this morning coming out of the 40s. This afternoon upper 50s, where we should be this time of year. 7 00 this evening, crisp, near 50. We will talk more about the halloween forecast in 15 minutes. Jadiann thank you so much. Lets get over to rich kirkland. Rich good morning, what a this is great. Look at the expressway. Dont you wish it was like that all the time . It wont be. Things are fine here and here on the turnpike. And here getting downtown, its all good to go. The t says, hey, no problems here. Rich kirkland, 7 news today in new england. Jadiann happening today, classes resume after dozens of students mysteriously got sick in lowell. Christa Officials Say it appears a virus ran through the Sullivan School affecting about 60 kids. Lets head out live to nick emmons in lowell. Tell us what theyre doing to reporter overnight, crews spent the night scrubbing and sanitizing