Stocks are working on backtoback negative sessions on fresh concerns about the virus weighing on sentiment. Josh, i feel like the great debate its the reopen trade versus the reality of the virus trade. You have the country wants to get back to business and normal versus the fact that the virus is spiking in some very big and important states. Yeah. I think thats exactly the right way to explain it, scott i think theres a large group of stocks, things like airlines, retailers, we talk about this all the time they seem to be having the red light green light days and then theres the large market capitalization names that seems to be unfazed i think whats interesting now though its not just f. A. N. G. Stocks theres a wider group of stocks that seem to want to go up, almost no matter whats happening with that resurgent story. I think thats what most traders and what most active Market Participants are focused on. Look at name like spotify, this stock at an alltime high. Up 19 overthe last
Elections and a democratic e cii sovereign nation was born. Its president was sigmund reed. In may 1950 the citizens of thii young republic went to the polls again to exercise their democratic democratic constitution. Kore even as the citizens of the free korean republicic voted in free elections, the north korean communist leaders were boasting of their intention to unify ther country by force. Ountai and this was their target, a partly mountainous peninsula an the 20 million peace loving citizens of the republic of korea. The attack by the north korean communists came suddenly and without warning. The heroic Republican Army faced by superior forces with all the advantages of deception and eeth surprise, rallied to the defense of the republic. Imp virovising quickly, korean republican troops were thrown against the invaders south of the 38th parallel. Against a prepared enemy armed with modern tanks, planes, and h guns, the republican troops were ill equipped to meet the onslaught. Nc
Two years ago at seoul a United Nations supervised free elections south of the 38th parallel and the republic of korea, a sovereign democratic nation, was born. Its president was sing mull ri. In may 1950, the citizens of this young republic went to the polls to choose their government under their democratic constitution. Even as the citizens of the korean republic voted in free elections, the north korean communist leaders were boasting of their intention to unify the country by force. And this was their target. A partly mountainous peninsula and the 20 million peaceloving citizens of the republic of korea. The attack by the north korean communists came suddenly and without warning. The heroic Republic Army faced by superior forces with the advantages of deception and surprise rallied it the defense of the republic improvising quickly to meet the unprovoked aggression, korean republic troops were against the invaders. Against a prepared enemy armed with modern tanks, planes and guns t
Domestic and geopolitical tensions, everything from what is going on in minneapolis to the president versus twitter. We will obviously be taking you through those stories and a lot more throughout the day. The s p 500 is down 0. 25 . Dollar general is once again the best performer today, but retailers lower in the s p, from gap to nordstrom. Harley davidson down 7 , matt. I know you take a special interest in harley. Yuan something we are at. Ng a close look some pretty broad we getting this last week. Right now offshore, the yuan is 7. 1666. At the dollar has been weaker, but it has also been above 99 this week as well, so plenty of whippy action for the dollar index. Gold futures up 0. 8 . A lot of fed speak as well. We will be discussing what Loretta Mester said to bloomberg a little earlier on in a few moments, and we have Jerome Powell coming up in the next hour. 6 t Harley Davidson down yesterday, so it has lost basically 1 10 of its value over the last couple of trading sessions
Today in some of the comments out of retailers like burlington, anf, dollar tree, and Dollar General yes, if you look at the Dollar General, the numbers are just extraordinary i actually have never seen a Comp Store Sales number this good 21 versus 7 estimate. Dollar tree is going to be the one, david knows this well, people look like, you know what, now the dollar tree Family Dollar merger which had been so on the rocks, the judgment is its working and that stock could power much higher. Dollar tree. The opening trade is sapping the money out of tech. I dont know how much longer it can last thats such a great book in gary because he knows so much about what people are spending theyre essential because they have food, and i look at this market and i think how long with the dow up 4 can we actually say, hey, the reopening trade is just starting . Its already maybe too far too fast its very hard to figure, particularly because faang is being distorted by the president s tweets, facebook