Yesterday thanks to walmart and the good numbers we saw there. S p futures are indicated up by 28 points. The nasdaq up by 96 points again we are on the worst week for the stock market since may well see what happens today with the gains, or if they can hold on to them through the opening and the close later on today. The treasury market was different story. A lot of concern about whats happening with yields. The 30year fell below 2 for the first time in history. This morning its yielding 2. 026 the tenyear fell to the left level in three years this morning that yield is slightly higher, 1. 564 . Tenyear twoyear no longer inverted overnight in asia, we saw some green arrows some gains there the nikkei up barely the hang seng was up a percent the shanghai was up by a third of a percent in europe, londons ftse ohm ed higher after a nearly twohour delay because of a Technical Glitch elsewhere in europe, you can see the green arrows are there across the board the smallest advancer is the f
On tv and radio. Im Jonathan Ferro. Tk taking a break, equity market soft, down a 30 on the s p 500. The bowls on wall street getting more bullish. Now looking for 4900 on the 400, the price target set at the end of december. He was bullish and right to be. He raises his price target. City are looking for 5000 by the middle of next year. It is record high watch on the street. Lisa and the potential for a 28 gain this year, the biggest going back to one to 19. Can we get the start of a new bull market given some of the increasing credit contraction, the softening in Economic Indicators check out could this be the start of a new bull market as many are calling for . Jonathan i loved what scott cronin had to say. Clearly we were chasing the tape. Growing conviction in years earnings acceleration is a key point of differentiation. He is looking for earnings to accelerate into 2024. Lisa a key underpinning for a lot of these, more broadly, is that the softness will cause the fed to pivot. I
Doc, we go to november weve got two months where do you want to play ball for the last two months . I think you stick with the one that bring you, judge. In this case its technology thats where i want to be right now. Its where i am. Do i like a certain amount of material stocks right here as well, but i really like technology, and when this tax bill ultimately does pass, as i believe it will, and they are even talking about a bipartisan passing in the senate, if indeed that occurs, i think you get a significant boost from here. Okay. So on that note, why dont we take a check of where we are, right . We know that technology has had a great run to date. The tech sector is up 36 year to date. Bank of america with a note wondering if its too crowded. Its super crowded, they say is this still the place, steve, to be . I think it is. Dance with who brung you, as doc says. I think it is, and, you know, crowded is always a term i question because there are those many shares outstanding that e
Global trade debate. And exclusive interview. An exclusive interview. People who see globalization from 30,000 feet dont know a thing about how globalization works. Alix the drumbeats stayed loud and strong with a slew of quarterly reports. We never rule out any instruments, and our toolbox is rich. The revenue is the story and this is driven by new product introductions. You will see that our strategy is starting to pay off. Alix it is all straight ahead on bloomberg best. Alix hello and welcome. I am alix steel. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews around the world. This was a critical week for global monetary policy. The decision coming from the fed and the bank of england. On monday, u. S. Immigration policy dominated discussion. President trumps immigration clampdown continues to spark a global backlash. Allies from the u. K. To germany condemned the move, and Major International Companies Said it threatens to stra
Global trade debate. And exclusive interview. An exclusive interview. People who see globalization from 30,000 feet dont know a thing about how globalization works. Alix the drumbeats stayed loud and strong with a slew of quarterly reports. We never rule out any instruments, and our toolbox is rich. The revenue is the story and this is driven by new product introductions. You will see that our strategy is starting to pay off. Alix it is all straight ahead on bloomberg best. Alix hello and welcome. I am alix steel. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews around the world. This was a critical week for global monetary policy. The decision coming from the fed and the bank of england. On monday, u. S. Immigration policy dominated discussion. President trumps immigration clampdown continues to spark a global backlash. Allies from the u. K. To germany condemned the move, and Major International Companies Said it threatens to stra