Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
Average volume for the last 30 days. That is pretty much the scene all around the world. Of course, we saw some selling overnight. Caroline even with dollar weakness. Joe also, of course, it will be interesting to see what the bond market does tomorrow. Tooline lets track out abigail. Abigail stocks might not be doing much here in the u. S. But where we did have some action, the british pound against the dollar. Its best day in about a month on hopes that a brexit deal will get done. Lets put this in the context of a longterm chart we have not looked at for a while. This goes back all the way to 1970 at the high, closer to 260 at the lows. In 2009 orhigh, back so, above two dollars. Of course, over the last few years, fears that a hard brexit would happen, we see it going down to 1. 20. This pattern happens as the bulls are stepping up. Gocould possibly see it toward the middle of that, 1. 44. All of this may just suggest that some of the big dollar bears out there could be right becau
Competition is heating up in japan to attract Foreign Tourists with dutyfree shopping as the country welcomes a Record Number of visitors this year. Chinese leaders are standing their ground in the face of more xloints over their newly established air defense identification zone. Theyve rejected a request by south korea to revise the zone which is over the East China Sea. The air space overlaps areas claimed by japan, taiwan and south korea. Senior government officials from china and south korea talked about the zone in seoul. South korean Officials Say vice defense minister pick sin ju express regrets that it was set up without prior consultation. His chinese counterpart Wang Gong Jong rejected a request to redraw the zone. The Officials Say peck told wang that south korea is considering expanding its own air space. They expressed concern that chinese action could increase military tensions in the region he reportedly called for talks among the countries concerned. Japans chief cabine
then the 130 billion euro bailout coming from the rest of the european un yor for greece is conditional on this deal happening today. whatever happens, it looks like the situation is likely to trigger a credit default swap, the cds event that almost a year ago everyone was so terrified of but now the european union seems willing to accept. all of this is going to unfold over the next day, the next 24 hours. i spoke with the energy minister of this country, the energy minister is the former finance minister and the reason he is the energy minister is because he has been put in charge of the privatization process which is extremely crucial to greece s future because it s going to raise a lot of money and it s also going to make some of their biggest institutions here far more efficient and hopefully profitable and lead to a better economy. he sent the following message to any bondholders who are thinking of holding out. we are hopeful. it is a very good offer to private inves