Hour the u. S. Passing a tragic milestone now. 50,000 deaths related to the coronavirus. Meanwhile, all eye ons ts on the of georgia as it tries to reopen well get a live report. Over to you, kelly thanks. First, lets get to bob to wrap up the volatile week we had for stocks and whether it still has legs. It might. The good news is we got the Coronavirus Relief package passed we got a lousy durable goods number just look at what a mix day we got here boeing has been around the dow all day. Its down 15 on the week. That durable goods number was a lot about boeing h home depot, apple, this is all over the place its not a clear direction i think the problemis the rall has stalled out a bit. Have you noticed that . Were down 2 . We have gone nowhere since april 9th. The bears are saying the economy doesnt justify 2800 in the s p 500. Its signaling a bigger slowdown the bulls are insisting the big Balance Sheet companies are doing fine feds on their side theres arguments on both sides. One
Dropped. We need to roll up our sleeves and figure out what can be bought now that were having a pullback from the monster rally weve had for the past three days. For the dow and nasdaq, its the best since august of last year. Were far along in earnings season so we have a real good feel now for how companies are doing. Which means we can figure out what stocks are going to become appealing as the market comes in for profit taking as it almost always does after real rip snorter of a rocket rally. You may ask why is it worth bothering giving there are so many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there ma
Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. That level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against the basket of currencies i follow. Sure, its roared again versus that venezuelan currency where a dollar buys you ten bolivars woe to the companies that have made big bet there is. Venezuela, like brazil, just keeps getting worse. And we know were still flirting with danger w
Feel now for how companies are doing. Which means we can figure out what stocks are going to become appealing as the market comes in for profit taking as it almost always does after real rip snorter of a rocket rally. You may ask why is it worth bothering giving there are so many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. Good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against t
Many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. That level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against the basket of currencies i follow. Sure, its roared again versus that venezuelan currency where a dollar buys you ten bolivars woe to the companies that have made big bet there is. Venezuela, like brazil, just keeps getting worse. And we know wer