Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. It is an outlier call, but deteriorating data is consensus, and here we are running straight through it. Tom maybe it is a biden administration, the fed coming on, stimulus coming on. You keep talking about the russell 2000, up 11 year to date, and it has been a moonshot the last number of weeks. The nasdaq 100 lagging recently, up 34 year to date. 500 up 12. 5 . P for you, we
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in
Day. We ask your blessing upon those throughout our country who are suffering so much more each day. Keep safe the firefighters out west. Keep safe those who are responding to the destruction of Hurricane Sally on the gulf coast. Listen to the cries of those who have lost so much as a result of these natural covid rs even as the pandemic weeks its havoc in our communities. Here in the capitol impel with your spirit the members of congress who, more than any others, have the opportunity to address our nations needs. Give them the wisdom and ourage to do so working as a united force for good in these times. Lord, have mercy. May all that is done this day be for your greater honor and glory. Men. The speaker thank you, father. Pursuant to section 4a of House Resolution 967, the journal of the last days proceedings is approved. The pledge of allegiance will be led by the gentlewoman from michigan, ms. Slotkin. Ms. Slotkin i pledge allegiance to the flag of the United States of america and
Whether or out is not the 23rd amendment will be repealed. Bill, h. R. 51, contains that. Edited procedure for im pleased to yield one minute from maryland, my Good Neighbor and good friend, the majority leader of representatives, steny hoyer. The speaker pro tempore the chair recognizes the gentleman maryland. Mr. Hoyer im going to leave my on. Not because its not safe for me but for you. It represents e the best of america. From maryland. Aryland was a slaveholding state. I represent the district that probably had the most slaves, from the my friend first congressional district. Were many ere sympathizers for the southern had that would have maryland join the confederacy. Were, of course, wrong. But i want to tell my friends states who withdrew to whose states tried destroy the union that they to remember that this without ok them back condition, with full citizenship to vote. Ight the same for do fellow citizens. Mr. Speaker, i rise in strong of this bill and i thank delegate Eleano
Bless and comfort those who suffer from this disease. Give them healing. Bless and comfort those who mourn the loss of loved ones in he wake of covid19. Inspire those professionals whose lifes work is health care. Those who care for the sick and those who labor to find treatments and cures to diseases as they emerge and begin their own effort to survive. Help us to love you and one another for we know that you work all things together for good for those who do so. In our communities throughout the country, fin toe continue to bless government, citizens, and police with a spirit of respect and cooperation. May peace descend upon all that mabes and those in service to them can look Forward Together to a more prosperous future. Bless the peoples house and may all that is done be for your greater honor and glory. Amen. The speaker pro tempore pursuant to section 4a of House Resolution 967, the journal of the last days proceeding is approved. The pledge of allegiance will be led by the gent