Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
In Wealth Management, we had a very strong performance, plus 70 in asia, plus 16 in europe, 3 in switzerland, upsetting the u. S. , where we saw the effect of net recurring fees being based on the previous quarter with an impact in our profits. Was there any sense of caution in the clients . How would you describe your client activity this quarter . Sergio still very active. More of a wait and see, starting to think about the second half of the year, which is full of events which potentially will trigger a change in investors sentiments. The geopolitical situation that we all know about the u. S. And china is going to the next level europe,ituation in which as we speak, is probably resolving but is still very complicated. Last but not least, the u. S. Election. According to our clients, 61 of our clients are thinking about changing their asset location post the election no matter who wins. Manus do you think that is holding them back, the election, overtraining and trade . Over china a
Strain with the recent wave of event cancellations we are extending a new generosity by supporting during this time by donation at the bottom of the screen or by becoming a member. Booksellers as you can imagine are feeling it right now. If you are interested in going deeper in the talk please the link on the page to purchase your copy of the long. Doctor vivian lee phd has been a physician, scientist and healthcare administrator for two decades. Among her leadership role, doctor lee served as a scientific officer in enough refinance at nyu medical center. Prior to that she was a vice chair for research of the department of ideology. She served as the ceo and dean of the university among other roles in salt lake city. Elected to the association of american medical Colleges Council administrative board and also a member of the Advisory Board of Massachusetts General Hospital and Pittsburgh School of medicine in her work has appeared in the Harvard Business review, the Journal Associatio
More television for serious readers. Thank you for the support of our sponsors. The true Brown Foundation and the waco foundation. It is a member supported organization and i would like to thank all of our members watching tonight. They are under significant strain. We hope you will consider ascending new generosity with this time. Our partner book sellers that you might know as well. Its certainly going to be interesting with going paper. With going paper. He has been a healthcare administrator for over two decades. Among the leadership roles dr. Lee has served as the chief scientific officer. At the medical center. She was the vice chair for research in the department of radiology. She served as the ceo of utah health. Among other roles. She was elected to the association of american medical colleges board. The university of pittsburgh medicine. Speaking of other publications we spoke with an academic page turner i am told not for the faint of heart. In the 15 years ive been on that
With the protesters in portland. In downtown woke up to a mess today. She says she is wearing the vandalism could potentially lead to the president sitting federal officers into oakland. That is absolutely correct. The president has already hinted at that. The protest last night was peaceful until about 9 pm. That is when they report evangelism at the police station. Shortly thereafter there was a report of a small fire at the superior court house. Some are concerned that those incidents could be enough to motivate the president to send in federal forces. She organized this demonstration in oakland. In solidarity of the ongoing protest in portland. Demonstrations that have seen clashes between protesters and federal officers. Some people say they are okay with federal force being used or but under one condition. As long as it is called for. Meaning if there is a lot of violence or destruction, that is how they can keep it under control or prevent it, then i would say yes. The mayor and