In mass. The speed record is four years for mumps. Moderna uses Artificial Intelligence by the way, fueled by Amazon Web Services to speed up the Drug Delivery and discovery process their covid vaccines are already going to phase two trials, shooting for phase three this summer thats incredible. Thats much fafster than anyone believed a long time ago that would change everything how many ifs . Mighty big ifs, too the rally gives us a glimpse of what the future may look like if moderna works with the dow up 211 points [ moo s p climbing 1. 1 and the nasdaq 1. 4 hallelujah. At least thats the Glass Half Full version of what happened today the world view says you have to ignore tomorrows hideous nonfarm payroll number at 8 30 because thats in the rearview if theres a vaccine around the corner, you have to believe the economys bottom and fuchl is much brighter than the past. Were buoyed by companies that said april and the beginning of may have been surprisingly strong lyft, uber, pay pal
To go around to sate the buyers. So the positives get magnified and the negatives get ignored. That happened again today. The dow dipped 13 points, s p advanced, nasdaq gained. 29 , nice move. First, lets understand, this market is largely driven not by stock pickers but by index funds. That index fund money comes in automatically everyday billions of dollars placed in equities will move equities higher why does this send stocks up so much the for starters, directional. That money tends not to be traded it soaks up supply quite easily. Remember, the stock market is a function of supply and demand. Before the index phenomenon which didnt exist in the 80s and 90s, mutual funds and hedge funds would be selling as well as buying. They still do. But the amount of index money coming in, chiefly for retirement, far outweighs the amounts that are traded. It overwhelms them dont get me wrong, index funds are the right choice for you if youre putting money away for retirement, you shouldnt try t
Get some good numbers from the companies. General electric the former industrial powerhouse, reported a terrible number and the stock cascaded down at first after candied talk with the new ceo it rallied s p climing 1. 5 nasdaq, equal 1. 3 , records. Why does this matter because i feel emboldened when we get a report like we did from General Electric and the other side come out unscaved some of them is because of the the benign back drop from washington when the senator agreed to move forward on tax reform still though, lots of companies with cash overseas that can be repatriated here as a low tax rate as part of this reform, some others take off with that in mind, lets go to our game plan for next week. On monday, we hear from iconic, the engineer portion of the old alcoa. This is a very important time for the stock because the company doesnt have a ceo its time something happened, give us a darn ceo here. Chemberly clark reports to do, an analyst put a sell on this stock this morning
Record warmth. Ill detail that forecast coming up. Accident northbound 101 at hills day, it looks like its involving a couple of cars and they are just blocking that far right lane so speeds are still moving at the limit because traffic is light. Well take it to the north bay where speeds are in the green as you make your way along 101, richmond and golden gate bridge. There is a dramatic standoff in martinez right now. A murder suspect has been holed up inside a car since last night. He is barricaded near a gas station. The s. W. A. T. Team has been there since8 p. M. They believe he shot a woman in walnut creek. Officers got the call at 1 p. M. Yesterday. They found the victim near the lindsey wildlife experience on first avenue. She died at the sign. At this time its unclear if the suspect and victim knew each other. The s. W. A. T. Team hopes to have it resolved this morning. If you are in martinez, avoid the area near howe and old orchard roads. The free speech showdown at berkele
Points. Nasdaq advanced 4. 6 . The big story is that the industrials are stalling out here. Thats right. Theyre stalling out while the techs are head rot. What does that mean . You can easily interpret this action on an hour by hour basis, suggesting that we need to be worried about an economic slowdown. But i think that would be a mistake. To me the teches are roaring while the industrials languish, because investors keep gravitating toward the companies that have the most up site in the second half. Now that it looks like the trump steam roller has run out of gas. Remember, is stock market is a forecasting machine, it looks ahead about six to nine months. We thought that the president would repatriate foreign assets, tax cuts and lots of deregulation. Wall street is enamored of him. Which means the stock market likes him very, very much. Now were getting deregulation in spades. Just last week, the president presented two men to the regulatory commission, trumps already put in regulat