Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
Chances of a compromise look slim. And trump says he will leave the wine house if joe bidens is confirmed by the Electoral College but says he may never concede. Good morning to you. Happy day after thanksgiving, it is black friday. We are seeing different sentiments. We saw Global Equities gain but sentiment is subdued. S p 500 futures flat. America comes back online after thanksgiving. We see money moving into the treasury markets down more than three basis. Money moving into havens like the yen. Up against most major peers. Wti taking a leg lower. 44 in that handle. Outputama going into the production meeting monday. Iraq, uae, they do not want to resume sales. Potentially drama. I want to show you the fantastic chart on the terminal if we can switch up the boards. Global stocks, even though they market, theyin the are on track for the best on record, up 13 . Best month on record since we have been tracking the data since 1990. We are seeing exuberance in the Global Equity market bu
Astrazeneca is to resume vaccine trials amid questions about initial claims and the level protection with Global Buyers numbers on the up. But thanksgiving travelers defy warnings to stay at home. New data shows china is likely to miss targets this year. Imports were slow last month after septembers high, leaving the full year targets out of reach. We are seeing australian stocks starting off on the back after snapping three days of gains yesterday, just falling short of being able to erase those 2020 losses. But we are still on track for the best monthly gain on record, about 13 on november. Further positive news for the country when it comes to 28 consecutive days of no coronavirus cases from victoria. Looking at u. S. Futures right now, initial jab, if you will, cash markets were shot overnight. Not a lot of price action. Down about six points on your s p futures. Dollaryen, 104. 24. Limits to the upside. New york crude below 45. We will talk about opecplus later on. The outlook for