Wake of tragedy. Charles joe biden is there right now as we look at 2001 and why we came together back then and just why now we seem to be tearing ourselves apart, all that and so much more on making money. Charles its been a rough couple of weeks for the market which is obviously more vulnerable now than its been in months, on this solemn day for the nation, the stock market itself has to pass a big test, but, you know, the situation is the s p 500 has to hold above the 50 day moving average. I will say Technical Analysis is not an exact science, so a slight slip below is forgivable, but when it does hold, you know, historically it revives the sagging rallies and we get a big move to the upside. The question is of course what will the upside look like . Will investors seek out the same names that obviously before got too close to the sun or is it time to find new opportunities . Lets ask rob luna, ceo of a Financial Company and on the phone with us Capital Wealth Planning chief jeff [
Optimism. I profoundly accept this nomination for president of the United States. More highlights the complex reaction from trent 2020 National Press secretary. Also violent protest rocky wisconsin this week following the police shooting, American Cities are in chaos that there is hope later in the hour i will share with you some powerful messages from the arrest whose poised and formed all of us how to handle domestic strives and how to heal our nation faster. All of that and so much more on making money. Charles its interesting all morning has a latesummer feel but the upward bias is firmly intact as the nasdaq and s p continues the power to new highs on a daily basis and now its going to attempt to finish the session positive for 2020, one of the oldest actions on wall street is that new highs to get new highs, as this as investors get weakening from jay powell as Interest Rates are confirmed, that will not be a problem, in the meantime Economic Data continues to come in very strong
Economy annual portfolio . Putting sensors and software on their machinery, right . We have a National Mandate and so the Management Team has to wear a mask, not as a burden adapted to the new 21st century but as a patriotic duty to protect one another. Ecommerce and industrialization Charles Joe Biden in his and so you know what i like is acceptance speech to once again call for a National Mask mandate other Tech Companies that arent making really big moves but im going to get reaction from still have a lot of catalysts in republican congressman andy front of them so you can look at biggs, all that and so much more , on making money. Actually up on the day a content Delivery Network because we know with nvidias earnings yesterday, we saw that data centers are crucial to our life. They sold more Data Center Chips so the market is showing signs in that segment than they did in of rally fatigue this week as the gaming and they are a gaming fewer names participate on chip company so that
Much stronger than the headlines is brickandmortar to emerge, which would be a good fit for your portfolio, will the s p 500 finish the week at a new alltime record high . While Congress Goes home to practice, while we assess what happens with the economy, were gonna take a look at whats going to happen, lets say they dont do anything until september, we have a great economies joining us soon and President Biden blasting joe biden romans ago for not giving american households a lifeline, you heard the numbers and wait till you hear what President Trump will do, then theres the masked debate, has tails wagging, could it hurt his election chances in a major milestone the sum of the president harsh critics agree is huge, were talking about middle east taken a giant step closer to ever elusive goal of having peace in the region, all that and so much more on making money. Charles all right, the markets, they put the rally on pause, the dow is higher, the s p is close, congress is taken a re
And so much more, on making money. So folks as we end the week the big investment theme is the retreat and big growth names those mega tech stocks that have been on fire for a long time, profit taking was sparked by concerns over the quality of teslas earnings, of course it came from selling those tax credits and slower cloud growth microsoft, and the smooth sailing has run into an air pocket and now these pockets though, theyve been great entry points in the past and the question now is will history repeat itself. Joining me, ubs private Wealth Management senior portfolio manager, katarina simoon it, and let me start with you, overall, the sense that we see these names and i guess investors have become accustomed to them being up every day. Why now . Why are they beginning to stumble . Im talking bigger tech names and the larger growth names. Of course, and charles, thank you for having me on the show. Well tech certainly has been an exciting sector to watch over the last couple of we