Target is looking to shut stores. Costco said its not a major problem. President biden urges uaw workers to stick with the strike while elon musk says the demands are a sure way to bankrupt the big three. We will get to costco in a minute. Lets start with the markets looking to rebound from yesterdays selloff. Jim, you have said this morning be careful, dont bite too soon. Thank you. Because you come in, now i have to tell you that when i was watching Frank Holland this morning, looked like we were about to have a breakout, then we go back down. What i want people to understand is october is a good month. I can understand you trying to position, but i also am more worried that Interest Rates, which did not go higher on the durable goods, the Interest Rates could reverse, and, david, i dont care what month were going into. This market, as weve indicated is really about Interest Rates. Its not about, as much as people might want to say, its not about earnings. The earnings we have had th
of borrowing, as the economy grapples with a major cost of living crisis. china s growth recovery is also concerning amid a persistent property crisis and soft domestic consumption. added to that are geopolitical tensions, with wars in ukraine and the middle east fueling global uncertainty. i spoke with jameel ahmad, chief analyst at gtc group about what to look out for in the second half of the year. it was unprecedented because it was adding everything into your shopping basket. if you look at the s&p 500, new record highs more than 30 times. those are the records that co ceo know rinaldo would be jealous of an israeli cabinet. it wasn tjust us stock market with a fantastic start of the year. there were also hides for coco, bitcoin, and the nvidia supercharged towards becoming the largest company in the world by market capitalisation. but generally speaking we have also had some solid fundamentals. despite the highest interest rate policy and generations, particularly the u
concerning amid a persistent property crisis and soft domestic consumption. for clues on what the second half of the year could bring, i m joined byjameel ahmad, if you look at this of the 500, and record highs of 35 and those of the types of records that be taking place that cristiano ronaldo would be jealous of mr v catnip it wasn t as us stock markets but those all time highs and bit coin, gold and we should talk about the supercharge as well becoming the largest company in the world market capitalisation were generally speaking, some solid fundamentals despite the policy pretty much generation in the united states and very strong but he pointed out earlier that the biggest question now is the uncertainty around the federal reserve and the central bank and monday will finally begin new interest rates. ~ . ~ will finally begin new interest rates. . ~ , will finally begin new interest rates. ., ~ , ., rates. what you think is going to happen rates. what you think is goin
Enthusiastic come back. Its why i urge you never to reach for stocks. Not to chase them up high. When you chase you get burned. The dow opened up 360 points and then the market went into a tail spin late in the afternoon. Dow sinking 205 points. S p plunging so beautiful all day and nasdaq declining. 44 . It was if biggest downside reversal since the financial crisis. We didnt have the ingredients as stocks rallied off the openi opening. Its the bane of the stock markets existence. It was all bad news. Wrong. How come we were able to rally at all let alone surge big for most of the day . We were dramatically oversold mean we had gone down so far so fast, almost 1500 dow points in three days and we were due for a bounce it seemed, albet a temporary one. But only as we opened down as i was hoping this morning. Second reason for the morning rebound, the chinese seemed to have woken up to the idea they should stop trying to pop up their stocks including much junk. More on that later and in