Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
U. S. Markets, all three major market gages rising more than 7 . The dow with best august since 1984. Shares of zoom soaring premarket, ceo 4 billion richer in just a few hours after a huge jump in revenue for the company. An Appeals Court delivering setback to Michael Flynn rejecting bid to toss out charges against him. Amazon taking to the skies, drone delivery coming one step closer to reality thanks to the federal Aviation Administration. Mornings with maria live right now. Dagen checking global action, france factory activity slipping back into contraction, the purchase Managers Index below 50. Better use out of uk, rising above 55 showing growth. In asia overnight, markets fairly flat, south korea kospi big winner. President trump heading to kenosha, wisconsin to deliver law and order message. Cheryl casone with the headlines, hey, cheryl. Cheryl the former Vice President blaming President Trump for the uptick in violence in cities across the nation. He doesnt want to shed light,
Still rock bottom. 30year bond looks like, this up 17 basis points with the year on the 30year at 1. 192 . Supporting the economy and threat of coronavirus. President trump floated the idea of payroll tax yesterday and help for industries and that sent futures higher last night. We will take a look on exactly whats involved. Voters in 6 states are heading to the polls today. Investing in apple, history, how you could own one of the first Apple Computers ever made and fully functional. Mornings with maria is live right now. Maria we have a bounce going on, all positive following the big selloff and rebound this morning. Cac quarante in paris up 3 and a half percent and. In asia overnight, green across the board as well. Take a look at this, the numbers up, shanghai composite, Chinese Market up almost 2 right now, overnight rather. The Japanese Central bank has been buying equities. Also this morning some of the top stories that we are watching this morning, chinese president xi jinping
Well. Guy thats interesting. Interesting about the u. S. Consumer. Tells us a lot about where we are right now. European stocks are higher. Volumes arent exactly great right now, but the trade narrative is helping. We may get an effective rate cut out of the chinese overnight. Pay attention to that one. Looks like the huawei extension is likely to go through as well. All of that helping lift stocks up, but it is unlike volume. Yields moving as well, moving higher. Bond prices are coming down. Big focus on germany on the fiscal side. We will talk about that in just a moment. That is a narrative moving markets at the moment. Brent crude up by over 1 . A bunch of reasons for that. Weve had an attack in saudi arabia, a drone attack. Also, the trump tariff talk helps out, may be giving brent a bit of an uplift. The Global Economy obviously a significant factor. Vonnie sticking with markets, we are joined by ash alankar, Janus Hendersons global head of asset allocation, live from denver. Wel
After todays magnificent run the dow gaining and s p gaining and nasdaq 1. 5 maybe we shouldnt lend so much credence next time some indicator flashes red when tenyear treasuries were giving you it, experts came on the air and said a recession is insev inevitable and you should be afraid thats no way to make decisions about your money i explained over and over again you get a much better read by listeni ing to conference callsf individual Large Companies they said consumers are liable now look what happened yield curve on friday, if you took your queue from the panic and sold everything, you got burned thats the problem with following the big data an inverted yield curve may mean a recession but tell that to tens of thousands of people that shop at walmart every week the president gave walmart a shout out. Ups delivers hundreds of amazon boxes every day and tell it to the geeks at visa and mastercard or apple where the Service Revenue stream keeps growing the companies are seeing a sign