And a lot of those stocks on fire. For some folks, that is all you need to move this market. Caroline it really does blow your mind. Taylor i will leave you here with three comments, not to cut you off, caroline. Jeffrey gold main and end cam partners are three analysts raising their prices on amazon. Almost a 2 trillion company can rise more than 5 on the day. Jeffreys, 3800 price target from goldman. Looking at 3350. Talking about the structural shift underway from these companies that are not just benefiting from a work from home environment, that is a permanent change that they see not going away. Caroline i take you or three, i raise you three. Im looking at morgan stanley, rbc, and socgen worrying about the complacency in the market. Looking toward the election we have in the u. S. , the risks as we get into august, september, and the turn we see in the market. Lets get the take from chief Investment Officer who is still with us. Is there complacency in this market . Brent maybe
Pullback, correction, selloff, we do have the vix on the rise selloff, we do have the vix on the rise. What we are looking at, the s p 500, and then the vix, the fear index, and then the skew index, the far out of the money puts, and we have the skew index rising in the middle of the year, and we see the vix languishing, but the skew was rising right ahead of the volatility, those traders getting it right. Skewe bottom in white, the index, and all of this suggests we will see a reconvergence with both the skew and the vix, still relatively low but something to watch. It could be another interesting quarter. Taylor . Taylor i am taking a look at shares of microsoft. Interestingly, they were higher, and then we had a headline, and shares turned lower, the headline that some had said the threat of huawei was real and urgent. They had complained to government officials that they were not transparent enough about why government officials should not do business with huawei, and that is what
Week, the bullish sentiment reading, the Retail Investment strategy. Many think, when they get super bullish, they will go in the right direction. Aiis going south in 2016, same in 2017. Last year, pretty correlated. Right now, pretty divergent. The bullish sentiment reading at a three year low. Some would say this is a bullish sign for stocks for the rest of the fourth quarter. Metal ive got the palladium on the mind. Offing a high today writing safe haven demand. China wants more talks before president xi agrees to sign phase one of trade deal. Worries about the tightening supply of the metal are still in play. The middle has gained more than 35 year to date. Incline since a steep drop that happens in june. Taylor we know that the treasury markets are closed today but one way we will be able to look at treasury yields is to look at the futures market. It is showing us that yields still are falling a little bit. We are down to about a 161 on the 10 year. Know it has been steepening a
Romaine lets dive deeper into the action with markets reporters. Abigail energy, checking in on the technicals. In the near term, there may be a bigger pump. About 30 . Ugh, down what might be encouraging for the near term, the rsi coming off the bottom. We could just see the energy up. Or pop back whenever you have one set in a bear market, it typically is not good overall. Popterm energy may just bullish lee higher. The rally in brazil, the worst performance of a major etf. The real was one of the weakest currencies, down about 1. 5 . Biggestre among the drags on the vespa index. Trade with tend to sgentina and while argentina markets were closed for a holiday, there was troubling news over the weekend the economy minister resigned. It looks like tomorrow is shaping up to be a bad deal for argentina. Sentimentt risk on dominated. Investors did not find a need for safe havens. 1. 3 has dropped more than during the day. We know it is at the lowest since early august. This comes as Pres
And the student who became the face of hong kong is Democracy Movement is freed from prison and adds his voice to calls for me to carry lamb to go. Under one piece of famous indoor with your sport where its party time into wrong to 2000000 people take to the streets of the rep to celebrate the n. B. A. Championship title. Was. Welcome to the program egypts 1st democratically elected president Mohamed Morsi has died during a Court Session in cairo the Public Prosecutor said he collapsed in the defendants cage shortly after addressing the court the 67 year old Muslim Brotherhood leader had been in prison since 2013 when he was ousted after less than a year in power is death was announced on Egyptian State t. V. Which said he was in court over his alleged contact with the Palestinian Group hug. Tore feel Mohamed Morsy that Mohamed Morsi died today while attending a session in his trial on espionage charges during the session he was granted permission to address the judge after the session