Give up by mega cap growth and shift into value, wasnt i that was the strategy being communicated over the last five days i dismissed that last week mega cap growth is where investors should be. You should not be selling your oldin holdings and reinvesting in the lagards. This is where youre going to see the continued Revenue Growth, this is where youre going to see the correlation from work from home, stay at home and this is where moving forward youll find your best retur returns. Kevin oleary, hes right, isnt he every time says big caps are tired, its time to rotate, they come roaring back and theyre doing it this month or doing it right now. Joes right about mega cap but not right about growth in apple. The reason apple is owned by everyone everyone, and i mean everyone, number one, its a play on 5g, no question about that number two, youre making the assumption when you own it, even though youre not being we regarded by r rewarded by Revenue Growth, its going to keep growing but i
Earlier, it was down 12 . As the deadly pandemic expands to every state in the nation now and the president shuts the northern border with canada, the death toll has ticked up to 97 in the United States. Let us start looking through a whole bunch of different sectors here. How low will oil go. The rout at this hour in the aftermarket is pretty brutal. We are down 19. 2 and we do have it at 21. 78 a barrel. It settled lower than that at 20. 37 per barrel just a half hour ago. Crude has lost 56 over just the last ten days. That is the worst tenday trading stretch since the futures contract launched back in 1983. As we speak, we should tell you the senate is expected to begin voting on the 100 billion phase two coronavirus bill. Heres what we know it includes. Free coronavirus testing, funds for state Unemployment Insurance and paid sick family and medical leave for employees and Small Businesses. We will take you to capitol hill to get the vote tally when it begins and we will try to do
One of lifes most underappreciated talents is to know when its time to move on to lives next chapter. So i stand before you today, was a president , and my colleagues, to say this will be my last term as republican leader of the senate. For more on both mcconnell s stepping down and the spending deal, heres our north america correspondent, gary odonoghue. After repeated attempts to get a spending agreement, it does look like leadership in congress from both sides of at least reached a partial agreement on some other Spending Bills that they have been arguing about. It looks now in the next couple of days that resolutions were put through senate and the House Of Representatives to extend one of the deadlines until next friday by which time they will pass Spending Bills on six separate departments. They havent reached an agreement on the other six departments but they are going to push the deadline for that back until march 22 so in some ways, this is progress being made and in some ways
But the Supreme Courts decision to take up the case could delay it beyond the election in november. Earlier, i asked our North America correspondent peter bowes if this announcement comes as a surprise. I think it was inevitable that this would end up in the Supreme Court. Donald trumps claims averted been rejected by a lower court and he claims he is immune to this kind of criminal prosecution because he was president at the time. This relates to the allegations that he tried to overturn the result of the 2020 election and mr trump faces multiple charges including one that he conspired to defraud the come of this was a trial does do to start very soon next month and it is been delayed and it is now on hold reading from the Supreme Court that they intend to hear arguments in april, the third week of april and a decision expected at some point injune and we know now that this trial, if indeed it goes ahead, it will not be happening until at leastjuly and were getting into Political Conv
Inflation data still to come later in the week. So, theres a lot ahead of us obviously. Also worth noting today, the bond markets closed but importantly bond futures suggested a muchneeded rate relief could be on the way tomorrow as yields look as though theyll be decidedly lower. It will be interesting to see how that cycles through the equity market, but perhaps some of it already is. Our talk of the tape, the risk reward for your money and whether its about to get better as some are suggesting. Lets ask adam parker, founder and ceo of trivariate research. Interesting turn in the market. Yeah. You think it is in part because of what the futures are telling us bond yields could do tomorrow and well get some relief . I think so. You have weird days when the bond market is closed anl the equity market is open and the value of a lot of the Growth Stocks, as you alluded to, is correlated or associated with the perception about rates in the future. I think when you get a risk off trade, th