U. S. Equity strategy at jpmorgan to talk about where the market goes. The coolest on wall street. Reminds me of dubrovnik. Melissa ran through the two month charts which look very impressive. You look at the dow over the last year and the s p over the last year, it feels like we have careened higher and now were back to this level that we keep fighting up against, whether it is the 21,000 leave, the 18,000 level or 2100 level. Where do we go to from here . So market had impressive rallies since february lows. Up 13 , 14 . I would say probably most of this has been driven by short covering. Technicals i think for most part at this point have run their course. Investor positioning adjusted, equity multiple is pretty much at the highs around 72. 5, so i think in order to turn more constructive from these levels on, you need some form of fundamental catalyst and some form of earnings and reacceleration. To me that pretty much means we need more dollar weakness. If we dont get that, i just
The risk . Okay. Lets get you uptodate on whats happening out there in the markets. Guys, stocks have been you know, a little bit soggy. You is k see the dow and the s p moving to the down side in fairly narrow trading, but the nasdaq is holding its head above water. Not a huge amount of movement in either direction right now. As for oil, lets take a look at whats going on with oil. It is currently sitting to the down side by 1. 6 . Brent, meantime down by 2. 6 . You might remember became the first u. S. Corporation to hit 700 billion in market cap. Its just building on it today. I want to say billion dollar val walkings at current prices. To put it in perspective, take a look at what that 724 billion means in terms of the size of other large cap well known stocks in america. First of all its twice the size of microsoft. Microsoft is around a 350 billion company. Yes, apple is worth two times microsoft. Its awes bigger than four coke i dont colas. Thats about the size what im talking a
Perspective issue. Host guest the behave as if we are immortal and that means we are willing to sacrifice time for the sake of the future achievements we are willing to delay gratification but that makes no sense when you are aware of time so it is a matter of perspective and its to to have the proper perspective for where you are in your place in time. Host its great to see you again. Congratulations on the book being mortal. I look forward to continuing the conversation. Guest thank you. Guest that was after words in which authors of the latest nonfiction books were interviewed by journalists, Public Policy makers and others familiar with their material. It airs every weekend on booktv at 10 p. M. On saturday, 12 and 9 p. M. On sunday at 12 a. M. On monday. And you can also watch after words online. Go to booktv. Org and click on after words in the book tv series and topics list on the upper right side of the page. Heres a look at the current top ten bestselling nonfiction books acco
Force. Host robert, good morning. Youre on the air. Is an interesting problem because the democratic when, they changed the law a black man was running for mayor. Governor, hefor step down so Governor Cuomo could run. Representing black people in new which the democratic state, even the union, would like to answer this question. Time, they have their men circling around parttime jobs. There arent number of people working consistently. Host we will get a response. Thank you. Guest i appreciate the thoughts you expressed. Thingdressed the broader as far as the economy. The worst economic collapse, since the Great Depression in 2008. Many Financial Institutions responsible for that collapse. They have rebounded. Ceo constant compensation is way up. The middleclass and those aspiring to be part of it are struggling. This is actually one of the issues where Congress Needs to come together in a bipartisan way to help turn the economy around to ensure all americans can benefit from the recove
Now. The skid right to the weather. Golf coast thunderstorms using tomatoes of the east coast, flight delays, Hazardous Conditions could slow to a crawl. What does it look like . Things are pretty smooth, not a lot of delays or cancellatio cancellations. It is raining but not too hard. The official numbers are 47 delays, nine cancellations. Nationally the picture from flight aware 949 delays, 234 cancellations and that is not great if you are traveling but not the thousands of cancellations and delays we have seen in previous storms. Philadelphia experiencing one hour delays because of the weather. Jfk is up there for an hour. Flight arrivals in San Francisco from the east coast have been delayed so that pops up on the delay list as well in th and a e others. It is still south of washington, d. C. , moving up the coast slowly. We have record travel day today according to aaa, nearly 99 Million People traveling this Holiday Season up 4 , 6 million of them are flying in part to the low g