You know folks its been a really intriguing session so far with more winning sectors than losing sector which is is actually the reverse of earlier sessions this week when there were fewer winners but those winners were able to lift the s p 500 to a five day winning streak coming into today s session now the old momentum crowd looks tired in their new momentum darlings like overstock continues to surge, weve overall a remarkable week on wall street, but there does seem to be some confusion on where investors should be taking their next queue, so what do we need to do to keep this rally going into next week . I want to bring in global president heather zumaraga, Ci Financial Company rob luna and Strategic Wealth planner ceo mark tepper. Heather earnings season is a Huge Positive solid unemployment numbers this morning and even with the indecision overall market bias to the upside so whats going to be the spark though that really gets us moving perhaps next week . Well look the nasdac is
On as wave after wave after big retailers decides to require them but one prominent retailer says no to mandating masks. This battle becomes more complicated by the day. Beverly hallberg has been a target in this war. She is here to share her thoughts. All that and so much more on making money. Finally here, right, the lazy hazy days, the summer doldrums,less volume, tighter trading ranges. There are trends and events that promise us fireworks. The rotation trade making its second attempt in as many months as value has perked up and profit taking in those monster growth names intensifies. How ironic that these names might have pulled back so quickly, they are already attractive. So buy value or dare i say buy oversold big tech names . Let me bring in Wealth Management president rebecca walzer, along with distributors vp. Coming into the session some of the biggest 2020 winners have lost a lot of ground. Tesla reversing but down a lot from the highs, intel, docu serve, amazon, adobe, th
They have a plan to remake america, im going to go in depth with the fascinating story of one familys efforts to escape socialism. Its a cautionary tale for your family. All that and so much more on making money. Charles one hour to go before the closing bell. It looks like it is a story thats interesting because before the open, it looked like it was going to be a down day for the market, right . The tenyear yield was breaking down bigtime. Anxieties about a slowing economy of course were being talked up. The coronavirus cases continue to mount up. Drug Company Gilead reported more success with its covid19 treatment remdesivir that immediately turned things around. Potential vaccines. Even with cases rising each day, elected officials making judgments, i think the factor has not factored in the notion that the states will ever go back to fully locking down. It looks like the market sees two choices, treatment or vaccine or over time herd immunity. Thats keeping a floor under this mark
Ppp money that he took . And, of course, today juneteenth, and the calls are louder than ever to make it a national hospital. What i think this means for our nation. All that and so much more on making money. Request. Charles so this week has seen extraordinarily light volume, a negative breadth which has been masked by these innocuous closes, right . Down days nothing dramatic. Now, one dilemma i think particularly for Institutional Investors is getting forward guy dance right and valuations. Its certainly understated right now that earnings are going to be a lot better than official wall street estimates. Now, in a different environment the current valuations would certainly be a major deterrent. Many old school investors are hesitating. One thing are these yields across the board on stocks, bonds and other investment instruments. Is so more than likely the catalyst to sort of get them off the sidelines and that big money into this market would be higher markets. Of course, the highe
Attorney, thats coming up so much on this show, stay tuned, for making money. Charles well stocks, the major indices are mixed, spinning the results up to most of the session but here is the deal all eyes really awaiting President Trump what is he going to say object our strained relationships with china, the tension is mounting, we are expecting to hear from him in fact at any moment the administration is criticizing beijings plans to impose a National Security law in hong kong and the president is not happy with china but is not certain if it will impact the trade deal and thats what wall street really wants to know is going to happen. Joining me how hud senior fellow chinese strategy director Michael Pillsbury youve been ahead of the curve on all of this. You kind of saw all of this evolving, because i guess its what china wants to do. They want to sort of dominate the world and nothing is stopping them but they actions seem to be more in your face. I think thats right, charles. I t