Painful losers. If you got big gain is a time to take profit . Should you harvest losses and beatendown stocks cannot next, is pandemic togetherness making you feel squeezed in your home . Is better to remodel or trade up for a bigger place . This year americans were given the chance to make penalty free withdrawals from their Retirement Savings what you need to consider on the barrons roundtable like colleagues beverly, jack so beverly, what a year this year we saw stock zooming higher when they benefited from the pandemic and then we saw other sectors get slammed. While we usually recommend a buy and hold approach there are some moves that investors ought to be considering this time of year, right . Spewing absolutely. As you noted, jack, 2020 has been a tale of two markets. Stocks are all almost 40 this year but its been driven mostly by big attack. Apple, amazon for instance, they are both up more than 60 weve also seen pieinthesky evaluations on pandemic stock. As he has nearly tr
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
Year. Just this week then your Governor Andrew Cuomo defended his mandates. This Holiday Season is the problem, this is not a political issue, this is not a normal thanksgiving, keep your children home, close businesses, stay home, stay home, stay home. Gerry i think you got that message loud and clear, many businesses the next few weeks are usually crucial for the ability to thrive or survive, we spend a disproportionate amount of our income on this. Every year, but its coming at a time when the coronavirus maybe hitting the maximum spread and a few months before the widespread availability of vaccinations. Companies especially small firms that have been entered badly damage now face potentially exponential threat, we will take a detailed look on how the pandemic and the lockdown has affected key sectors of the economy and what future there might be when this is all over. Consumer spending accounts for more than two thirds of total Economic Activity in the u. S. And its been hit hard
Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
They are getting louder and louder, including one from aoc, but she thinks we should just pay people to stay at home. I want to get reaction from congressman andy biggs about that at the bottom of the hour. All that and so much more on making money. Charles it feels like the markets marking time because its marking time. Right now, the s p has moved less than 1 for the week. The nasdaq is up about 1 for the week. The biggest story has been the continued celebration in the oil patch. The blue wave, remember, didnt happen and that was the big play there. The other side of that coin is utilities and thats why they have been actually slammed since the election, including this week. While buy has alternated between growth and value, it was stocks that were deeply hammered that actually enjoyed the greatest revival, particularly brick and mortar retailers. Even today, those names are up on better than expected earnings. All of this creating a dilemma. Do you buy the broken names with the mos