Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
Also, also trading at a record. Small caps lagging recently as investors try to flush out with the prospects are for tax reform, because this is seen as a group that is particularly receptive to any kind of tax cut. Everything since last years elections, you saw outperformance initially and through the long fade. Particularlynce, in the last week or so, this is i should imagine the russell 2000s performance relative to the s p 500 so we are still positive post the election, near breaking even or even with the s p 500s performance in august. One proxy we are watching for tax reform. As for what is leading large caps, technology is the big winner, up over 1 . They are performing well in the session. The only group down on the day is telecom. Health care bouncing back, i will talk about that today. Bounceig cyclically led we are watching in todays session. Take a look at one stock that is a standout, whirlpool. You can see the lake up leg up. That appears to be connected to the Internatio
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