Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the market is implying and normally in this situation, i
All out on the hardhit travel giant. Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the market is imply
Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the Options Market is implying and normally in this situ