Theres some interesting things in the Options Market that could keep the market down for a bit of time. I do think people are underestimating, a, youve got a good economy with a tremendous amount of stimulus coming in and i think that will continue to drive the market higher. Plus youve got a dynamic where the fed has made much of the fixed income market on investable with treasury and mortgages where they are today, when you take the earnings yield well into the 4 off next years earnings that is a pretty attractive asset class and i think it will propel the market higher so election uncertainty doesnt matter much in the near term stimulus talks, negotiations may not. How does that factor in . Its a big call that you make. Youre the one that suggests in our notes today that it mossably could happen or at least start before the election. Yeah. I mean, so listen, the election the election does matter i think what people have started to realize, since the last time i was on your show weve
We do want to check where stocks are and what has been a volatile few hours of trading the dow holding on the a 1. 5 gain thats better than 300 points. That stunning claims number today. Everybody digesting that the stunning move higher in oil as well. The president saying there could be a cut of 10 Million Barrels lets welcome in jim she joins us on the phone. Welcome back i hope you and yours are safe and healthy. We are, scott i hope the same for everybody there and everybodys families we appreciate that. Can you sort of help us. I want to make sure our viewers understand exactly the angle that were coming from today what is your current positioning in the market . Are you net short as we speak . We have our own hedge fund which basically is always net long varying degrees. That is about 50 give or take a little bit net long. Thats on the low end of where its been. Thats probably where well be for a while. On the short onlies, its been hard the stay short. If the market goes your wa
Strikes overnight. President villani zalinski says troops and making advances in their counter offensive to re tag cities from russia. Gabriel alexander is following 2 elements from key ukrainians have been pushing the russians back in the northeast or around how to keep and that at least youre getting cautious. Optimism signs from the ukranian that this has been a very successful initial stage of this counter offensive. And as we are also seeing from russian bloggers and russian sort of micro book bloggers and analysts who have been watching this counter offensive, they appear to indicate that this is definitely that we also indicating the successes so far by the ukrainians. But the fighting there is very, very strong, both sides taking casualties. Brittons, the Prime Minister lives trustees due to announce new package to tackle soaring energy bills in the coming hours. But shes rude out. Opposition . Demands for more taxes on Energy Companies profit. Iran has strongly condemned alban
A new price cap on energy bills to protect consumers from soaring prices. Is trust says the average annual household bill for gas and electricity will be kept at 2500. 00 pounds. Thats around 2900. 00. But the Prime Minister has ruled out opposition calls to extend a tax on Energy Company profits. And i can tell the house to day that we will not be giving in to the leader of the opposition. Oh, for this to be funded through when pull tabs. That would undermine the National Interest by discouraging the very investment we need. I us secretary of state antony blinking has arrived on an unannounced visit to cave in a show of american support. It comes just as ukrainian president of me. Zalinski says trips and making advances in the counter offensive to retake cities from russia. Us secretary of defense lloyd austin, has announced the United States light as military aid package, the ukraine, which is worth 675000000. 00. Take his president , range of type, one has made his croatian counterp