Week, it is like inversion wednesday is here. Are things different this time around, pete, because this time stocks barely reacted. Granted, it was fleeting but we are ever so close to the inversion. Thats true but the reaction i think does speak something about whats going on in the market right now, and i would also add volume yesterday, volume today, at least in the derivatives world, has been absolutely depressed. Steve can talk about the nyc, but we are seeing volumes that were unbelievable. We are talking about 7 million per day over average is what weve been seeing over the last eight or ten days. So it is amazing how much volume we are seeing. With that volume it gets interesting, but the last two days, the light volume is concerning it is almost as if everybody said, you know what . Maybe well take the last week of august off. We will pull back a little bit, off of all of this maybe the inversions are not as dramatic. I would have thought that the inversions, the reaction to t
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe
To the south, weve seen low 60s, santa clara valley. 55 in santa cruz. 40s in the santa cruz mountains. Overall being look if a nice pat were to continue probably all the way into friday. Does look a little warmer once this low eject out. It wont change too much. Our temperatures, just subtle day to day changes. Now, it is like the commute all of a sudden woke up and there are a number of did you have rent problems to tell you about. One in eastern contra costa county. Well go to highway 4 at bailey road in the westbound direction, westbound highway 4 at bailey road, a two vehicle collision. You can see it is creigh its august backup that he can tend past pittsburgh. You are all going to have a tough drive coming from fremont on 880 down to the south bend because of a number of issues. The fast left lane is blocked by a crash. Southbound 880 did you op landing road and westbound, there is a collision as well. Backup extend into richmond from this weekend an highway 4 and lafayette, thi
Bearish strategist has finally capitulated. It is nvidias week. Four analysts upping their targets ahead of results on wednesday. And apple reportedly edly slash iphone prices to count huawei. A historic week for stocks, jim. We got to 40k, we hosted 11 on the vix, but just barely, but we did. People are stalki talking ab stock market. For the long time, they talked about my tomatoes. And then say, wow, what is that about . People who have not been in. People who are thinking, is it too late . I try to present a constructive view. But its gotten in peoples minds, carl, and also numbers from gallop last week who said 62 of the people are back. Someone in their house owns stocks. Thats up from 52. Which was interesting. 52 was the low, which is just when the dow got back to where it was before 2007. So, you had 2007, people got back to even and they left. And now genz, gen x back. Millennials back. Boomers i think just blown out and dont rely. And its quite encouraging, because if we can
Husband members right now propelled house members propelled by the or urgency of developments both here and in the middle east are trying to vote in a speaker. Right now the house has taken a recess after the first vote in the last hour for republican representative jim jordan of ohio fell short of the 217 minimum needed to win his bid for speaker. Democrat Hakeem Jeffries has the most votes but still short of the minimum at 212. The importance of this vote cannot be understated. Until a speaker is elected, congress cannot respond to emergencies or crises is. And the high stakeses in the middle east definitely constitute a major crises in which the u. S. Is playing an a increasing role. Tonight President Joe Biden will depart the white house to head to israel, jordan and egypt. This as incoming hamas rockets fired directly at cities to the north including tel aviv continue to rain down. 4re67b days after eleven days after the surprise attacks in southern israel in which 1300 israelis w