Look, on some level, what we got in the last couple of days is folks that are really both addressing the moral issues for and how it gets in the way of their line of work and then into a political tactician. Some jumped on the band wagon late youre assuming its because of charlottesville he says because of the appointme appointment. I think thats not, to me, strikes me as cover for whats going on i havent heard much about what hes done in the last several months to me, he was using that as cover. I think this could have market impack fast money will catch it and cover it absolutely. I think its a slap in the face to the administration i think the its a slap in the face considering the timing of it the its terrible, but i dont think its going to have market impangt. You have Something Like icahn on the night of the election, said i am buying futures an bought a billion dollars worth of futures that night. Now saying you know what, hands out. Markets at highs. I think im going to take my
Lowes and home depot, something in the chart suggests more pain. Lets get to it while the s p has fallen 1 in the last month the socalled safety sectors, rallying, telecom and utilities up 4 , even Consumer Staples managing to eke out gains. If volatility picks up, is this where you want to be dan . Its interesting, we used to talk about Interest Rates and thought we were in a rate increase cycle here. Fed fund futures pricing less than a 35 chance of hike in december thats why youve seen these rate proxy names kind of come back to life a little bit. Telecom is interesting, we know theres fat dividend yields there and utilities like you mentioned there, staples are acting pretty well if youre looking for safety trades and volatility will pick back up, valuation may become a concern for some of these sectors that have had big runs it makes sense to look at ones regionally priced with decent yield. What could you do in view of the safety trade move weve seen one of the things interesting
The action begins, now lets get to it because while the s p is falling more than 1 in the last month, the socalled safety sectors are rallying. Telecom and utilities up more than 4 . Even consumer staples, managing to eke out gains. If volatility picks up, is this where you want to be dan . Its interesting because you know, we used to talk abou Interest Rates we thought we were in rate increase cycle here. Fed fund futures are pricing less a 35 chance of a hike in december thats why youve seen these rate proxy names come back to life telecom is an interesting one. We know theres some pretty fat dividend yields there. We looked at utilities here, staples are acting well. So at the end of the day, if youre looking for safety trade, if volatility is going to pick back up, volatility may become a factor, it makes sense to look at some of these ones that are with some decent yield michael, what did you do . One of the things thats interesting about these safety stock, you were talking about
The italian market on reports that an offer for a merger was turned down. And iraq gains ground from isis. The situation have never reached this point. The whole of iraq should be a red line. Isis should not be able to take it over. This is the new strategy and the International Coalition should follow in the region. Greece has warned once again that it could default on its debts. The countrys interior minister says athens does not have enough money to pay loans due to the imf in june. Unless a deal is made on its International Creditors on funding. Speaking on local it television the money wont be given because its not there to give. Lets have a look at the greek yield curve as we look at things this morning and we are looking once again at yields slightly elevated, the tenyear 11. 4 and the five 16. 5 and two year, 24 . Mean while, the countrys finance minister has insisted greece has taken huge steps forward in trying to reach a deal with its creditors. Greece has made enormous stri
More than enough bragging and television, thats for sure. In any case, nothing in television lasts forever. Next week we will probably get beaten by a 3 00 a. M. Reair of gilligans island. The point of telling you this is to remind you that you are not alone. You may feel like you are. Suddenly, your opinions qualify as crimes. Dare to say what you think at work and you will be fired in the middle of a recession. Write what you think online and you will be silenced by the Big Tech Companies so you keep your views to yourself. You have no choice. A lot of americans are doing that right now, they are staying quiet and course that is the point of censorship, to keep people isolated and alone, to prevent a consensus that challenges those in charge. If youre forced to shut up they can do what they want to you and your country, thats why they do appear last night show adjusted they have not yet succeeded, though they are trying. Millions and millions of americans agree with you. You are not