Points. Nasdaq advanced 4. 6 . The big story is that the industrials are stalling out here. Thats right. Theyre stalling out while the techs are head rot. What does that mean . You can easily interpret this action on an hour by hour basis, suggesting that we need to be worried about an economic slowdown. But i think that would be a mistake. To me the teches are roaring while the industrials languish, because investors keep gravitating toward the companies that have the most up site in the second half. Now that it looks like the trump steam roller has run out of gas. Remember, is stock market is a forecasting machine, it looks ahead about six to nine months. We thought that the president would repatriate foreign assets, tax cuts and lots of deregulation. Wall street is enamored of him. Which means the stock market likes him very, very much. Now were getting deregulation in spades. Just last week, the president presented two men to the regulatory commission, trumps already put in regulat
Need to know ahead of those numbers. We are coming off of another record close for the dow industrials, 24th alltime high this year. Futures indicating a bit of a pullback this morning, fractional move coming off the high. Dow industrials set to open up ten points and whether or not that changes things. The european markets are mixed, european indices as you see there, majors are flat. In asia overnight gains across the board to report, fractional moves, nonetheless but in the plus column. Planet of the apes swinging back into theaters full Box Office Preview later this hour. Joining me to talk about it Dagen Mcdowell, kings View Asset Management scott martin is here and research chief, Research Officer. Good see you. Dagen great to see you, coming up we were at the Berkeley Center for the third stop at the Connor McgregorFloyd Mayweather. You interviewed him. Dagen youve gotten paid, not so much. We have a very heated debate about who can win fight. I will put money down on the fact t
Its just a rain events for us u but enough to slow our roadways. Theres your advisory. Dvisory. Now its just in southernn souer pennsylvania which is goodania news. Earlier we had it for countiesor there just off to the north ther and to the west. Es rain showers they continues. Ties heaviest of the rain southern sr maryland now pushing alongnglo lower Eastern Shore. We off to the north and west not much of anything at the moment if you look out to the west weoe have w additional showerslho develop out in westernlo vip rginia. Cold front coming through androa that will bring us periods of po rain showers this morning. Wers again it should be all liquidlld from here on out with temps ini the 40s and then well getn wet some afternoon sunshine and eventual daytime highs in theig throw mid50s. More on the weather coming upcou momentarily but again fromain fo here on out i think its justs j falling as rain which is gh i allison, steve. Allison, ste tuck thanks so mucveh. Kso m while were wa
Its just a rain events for us u but enough to slow our roadways. Theres your advisory. Dvisory. Now its just in southernn souer pennsylvania which is goodania news. Earlier we had it for countiesor there just off to the north ther and to the west. Es rain showers they continues. Ties heaviest of the rain southern sr maryland now pushing alongnglo lower Eastern Shore. We off to the north and west not much of anything at the moment if you look out to the west weoe have w additional showerslho develop out in westernlo vip rginia. Cold front coming through androa that will bring us periods of po rain showers this morning. Wers again it should be all liquidlld from here on out with temps ini the 40s and then well getn wet some afternoon sunshine and eventual daytime highs in theig throw mid50s. More on the weather coming upcou momentarily but again fromain fo here on out i think its justs j falling as rain which is gh i allison, steve. Allison, ste tuck thanks so mucveh. Kso m while were wa
Saying that it didnt expect the fed to tighten. You could see it, it rallied in the brief oneweek period where it seemed like maybe theyd tighten and raise expectations to 40 . After that crummy unemployment number gold rallied again saying theyre not. Today is interesting to me because its rallying along with the safe havens. I dont think its telling us this is any global panic. What it is telling us it not ohm fits in with the weak dollar trade it also fits in with the safe haven trade. Ive been on this all year and pretty harrowing times for a while but i like it now. This is jim says jack a kind of riskoff trade not an inflation protection trade. There aint no inflation out there. How do you see gold . What is it telling you . Tyler, there say big, red flag with whats going on in gold and people need to heed that warning. Its telling you theres been a loss of confidence in central banks. It really started a few months ago and its been creeping and one of the reasons why especially