Tech stocks taking a pause this morning. No love for the electric vehicles this week, either then there is the tech eco systems. A new Software Brand storming the castle of apples app store. Huge announcements ahead as besos and Company Refresh their Consumer Device lineup what to expect from alexa and amazons ai. Well have that here on squawk alley. Were going to begin this morning with that story on the Apple App Store challenge as Companies Like spotify, epic games, and match group join together to create a coalition for app fairness casey newton of the verge for now, at least, joins us this morning fresh off of announcing he will start his own newsletter called platformer. Give us a little preview, and congratulations, its almost like a labor union that these companies are forming to take on apple. Do you think it will work . I think it has a better chance of working than anything else we have seen in this regard to date. I think their analogy is a good one, right apple really is m
Recover. Jay powell made it clear that the Interest Rates will stay low until 2023, but investors were positioned for a dovish surprise, and there was disappointment he did not provide new details or a further breakdown of the qe program. Perhaps he is saving the option for later. He made clear that the fed has not run out of ammunition. The question everybody is asking, is if this is simple or something bigger. This adjusted Downside Risk is limited. David it is equal it is interesting to position yourself for a surprise. What about other Asset Classes . What about bonds . Scarlet bonds are higher, the dollar has been fluctuating. And credit is down. If you look at tracking highyield credit i am also looking at net gas, it is tumbling. This is another asset falling from august ties. Commodities and especially the energy complex, they move on basic supply and demand dynamics. He was supplies here are increasing. And right now with the weather turning cooler, that would reduce the deman
Hell show you how to plug in with the right circuit breaker. And in this market, elmer fudd might have said, be very quiet, im hunting yield but in either trading or toons theres always a pesky wabbit to beware of. Options action starts right now lets get right to it the Home Construction trad on fire this year with both the xhb and itb up double digits the rally comes as Mortgage Rates hit new lows and home bound americans tackle Home Improvement projects but our chart master carter worth tells us this could be on shaky ground carter, what are the charts telling you . Well, the question is at some point is a lot or everything priced in. Its been a great area obviously we know the story thats been in the news about refis and Home Improvement and we know the earnings have been great. But at some point sometimes an area of the market is full, is rich i think thats the premise here. Lets look at a few charts the first is a twopanel all youre looking at is the Home Construction etf on the
Provide strong support for the economy. Rates will remain accommodative until the economy is far long in its recovery. That should be a powerful statement. Inflation running persistently below 2 , we will aim to achieve inflation moderately above 2 for a short time. Longerterm Inflation Expectations remain well anchored at 2 . Labor market has improved, but it is a long way from maximum employment. My sense is that more fiscal support is likely to be needed. Details of that are for congress, not the fed. We believe the guidance we are providing will serve the economy well by promoting our goals through many paths the recovery may take. Alix moderately is what got everyone talking. Mark cabana, bank of America Global Research strategies. Nathan, broad strokes. The fed date with the market the fed did what the market said it would do. The issue here is not about the feds commitment where the power of the Forward Guidance. Pretty put down some stringent restrictions that will inern any fu
Children families when. The u. S. Is losing its cachet as worlds single superpower what u. S. Dollar is losing its status as World Reserve currency or moving into a post u. S. Dollar as gold reserve currency era and so is picking up stakes and hauling out these. Big portion of his portfolio and. Who is another huge name in the Money Management space is god 20 percent of his portfolio is the worlds biggest i spun out in actual gold bullion you know. Circuits and so that tells you also that the u. S. Dollars days are numbered. Lead. Join me every thursday on the alex im unsure and ill be speaking to us of the world of politics or business im show business ill see that. This is the one business show you cant afford to miss in washington coming up as tensions between the United States and china continue to rise the agency for power is looking to cut back on its holding of u. S. Debt straight ahead were going to break down the significance of this potential move and how the u. S. Is respond