Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Morning news at 9. And happy monday to you im darya folsom and were going to check the headlines in a minute, but first want to take a peek at the weather and the late risers have a lot more sun in the early risers had this morning a backup yeah, thats right sorry were seeing nothing but sunshine everywhere across the b a a bay area. We had a real quick clearing this morning and in fact as the camera just here downtown san jose looking on the sunshine behind me, lots of blue skies were going to see a Beautiful Day in store for you no matter where youre going to be a temperatures out the door right now already mild to warm in some spots antioch youre currently at 78 69 in downtown oakland 70 degrees in downtown san jose 62 right here in San Francisco. But warmer temperatures are on the way ill have all the details coming up in that area. Thanks a lot of back and now to the latest with the pandemic california has become the first state in the country to exceed half a million covid cases.
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Sorts of agreements but something about this one feels different and thats why the market erupted today with the s p climbing nasdaq falling. 91 . These were closing level highs the question is why does this stage one trade deal feel so different to me . Ive been a skeptic. For once we have something that the fepeoples republic needs. Pork i think people dont understand how bad this african swine flu epidemic has hit china the country is ill prepared for the scourge. They lost more than half of their hogs to this disease in 2019 unchecked it could be even worse next year because most of chinas livestock lives in something called backyard farms. Contrast that to the United States, we have factory farming with e trextreme bio security. You can visit a farm, a hog farm in america were considered to be big bio risks so were not allowed to go its airborne. China has enough frozen pork to tie the people over for a while. The United States is the only country can enough pork production to mee