Here we were asking last week could we hit 25,000 before christmas we could be before christmas that we see this. Russia and china officially on notice. The financial networks. To try to shape a world to that interest and values. Called on the public and private sector. To defend our way of life. The president also stressed jean stressed seen during that speech. One nation jumping into the u. S. With both feet in the u. S. Has come on in. The youngest business minister in the European Union. Leading the charge. He is here live on that. Tax reform priority number one. To tell us what we dont know. They left them with a very low rate. Lets see if they get an answer from representative kelly what he said will happen to nation not just his state this bill passes. A big hour here. Lets start the countdown. And we have this breaking is Washington State governor jay ensley has declared a state of emergency after that tragic amtrak accident still been cleared in dupont, washington. It happened
For what the trading range is. Bigger picture, we never broke that downtrend from the january peak and the rally off the lows got a lot of credence to it. This is where the trenches are dug between the bulls and the bears here, right around these levels now, take a look at highyield debt part of the message from jay powell seemed intended and making sure that Financial Conditions dont get too loose, the markets dont get too generous in financing risk heres the highyield bond etf right here what you see is by the way that was the first fed rate hike in march. Here you had the june lows in the stock market where basically when we had that big stagflation panic and you saw real weakness and widening of credit spreads they really now have come back its widening out again this gap between these two. It shows you more anxiety is filtering into the financing markets although were well off those worst levels the gap between the two is not at a high stress level lets talk about all this and bri
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