Ad, charlie the tuna got shot down sorry charlie. Starkist did not want tuna with good taste, they wanted tuna that tasted good i dredged it up because today the market rejected charlie. And they went with tuna that just plain tastes good solid real, clean copies with no flaws and consistency. If you look at the averages, this would have seemed like a sedate day nasdaq declining 2. 30 when you dig deeper, there was a major rotation out of the charlie the tuna stocks. And in to plain old albacore packed in water. It started yesterday when the banks reported better than expected especially with the curb of them being able to make money off of your deposits. The banks have so many other robust earning streams that we dont have to fret about the yield curve as much as we once thought. There was an 8 Revenue Growth and the stock roared from 116121, it was a bank to be it was pointed out the consumer continues to be quite strong, end quote. Hey, gloomers and doomers, listen to jamie. The mar
Ring the register 24 hours ago, all i kept hearing was sell the news. The trump rally is tired. The guys too divisive. Hell never get anything done. Time to take profits. Oh, you heard it too. The bulls long in the tooth. The rotations are over. A lot of really smart guys said its time to get out. Buy the puts. Put on the shorts. Sell, sell, sell. Well, they shouldnt look all that smart today. Dow surging 303 points. S p pole vaulting 1. 37 . Nasdaq soaring 1. 35 . Hallelujah this is why i always say that group think is so dangerous. Many revered Money Managers came out in the last two months and said were doomed in part because they disdain trumps bust the budget ill informed analysis of what happens next. Thats how they put it. In fact, it got so bad that even the great Warren Buffett was taken to task for saying this markets not in a bubble. If you think its over, youre simply on the wrong side of history. Someone actually told me that buffett has become that old gas bag polyanna fr
263,000 jobs, that caused the averages to roar higher for most of the day. But then the Federal Reserve threw cold water on the whole market. Yep, when the fed minutes from a month ago were released, we saw that they talked not about the economy being strong, but about stocks being too strong, it was almost as if the fed was saying that the stocks had gotten ahead of themselves so they had to take away the punch bowl with some stock bad mouthing. Paul ryan came out and said that tax reform will take longer than health care. Whats longer than never . Put it all together and the averages only went into a tail spin, erasing our earlier gain, causing the dow to close down 41 points while s p lost. 31 and the nasdaq sank. 58 . The fed signaled that maybe things arent as great as the bulls may think, which sent markets plummeting. Thats why i have to stress displadi discipline. At 1 59 at the top of the session, it went on for about five minutes, it looked pretty frosty. Since we have got th
Southern part of the state and a few showers near burlington to start the day. As we take a look at our forecast today we do stay on the cloudy side with some cooler temperatures. Mid80s and a slight chance for afternoon and evening showers. Right now lets check in with joel. We have a couple trouble spots to start out this morning. Arapahoe and that is our camera at dry creek. A couple areas of Police Activity with some roads that are closed. 13th and oc eola is the only thing that will trip you up on the side streets. It is a nice drive on the highways. The aftermath in Charlotte North Carolina as protesters the jump fund vehicles, like this one here. A dozen officers are her this morning and our hena daniels has the latest on the violence. Reporter steps away from officers in riot gear. A moment of peace was brief. Some protesters in attendance kicked the canisters back. Others took turns hurling Water Bottles squad cars. Causa erupted after lemans got was shot by Police Yesterday a
Subcommittee that approved the bill. He tells the Des Moines Register hes w wried the currently law unreasonably requires servers and bartenders to know when someone has had too much to drink. The bill still has to pass a full committee before heading to the house floor. Healthcare Company Wellcare says its done trying to g g back into iowas privatized medicaid program. Wellcare was 1 of 4 companies picked to manage the new program last year. But the department of Human Services removed the company from the program, saying it had not disclosed some information during the bidding process. After wellcare District Court state. Iowas medicaid system is expected to fully change over in less than 2 weeks. Meteorologist Justin Gehrts has your first await the warmup, todays mid30s even feel quite mild. Its smooth sailing with our weather as we go into the second half of the week. Today will be partly cloudy, with the majority of the happening northeast with more clouds southwest. Regardless, h