Lets dive in with reporters. Abigail, what are you watching . Term love your technical for trading today, meh for the s p 500. One that had been neutral for a long time. The rsi momentum indicator also stuck in a range. Surelybut slowly but started to turn bullish. A set of higher lows. On each dip im of the buyers had more conviction, stepped up. This congestion is broken to the upside. Anis expected we will see equal and opposite move toward the upside. Take a look at the rsi right below 70. Everyone gets cautious when it is around 70 but technicians do not mind that. It is when you have a series of lower highs that it gets bearish. Havesuggests we could record closing highs ahead. Mike obviously, the rotation from growth and value stocks into volume stocks, but there is one opportunity for value for volume hunters that hasnt gotten attention. The version of the s p 500. At 20. 5 times earnings. Trading at about 18. 3 times earnings. Since 2008. Fors a similar story forward earnings.
And says it will support a slowing economy. Australia fights bushfires on two coasts as the fans flames are fanned. Hottest days since record began. Shery clicks check foraw the dow gaining. 8 the first time surpassing the 28,000 level as we had a broad risk on session. S p 500 being led higher by health care and trade sensitive tech stocks. More positive trait headlines and that helped boost the stock market. Semi conductors, the Philadelphia Semiconductor index at a record high after Applied Materials came out and boosted sales forecasts. Nasdaq also at a record high come up. 7 . Haven assets broadly falling. 10 year yield rising for the first time last week not to mention that the dollar also saw a weekly loss. We will keep a close eye on what happens in hong kong this morning as we are now Hearing Police are ready to storm into the Polytechnic University in hong kong. Lets see how things are shaping up in asia. Sophie hong kong certainly is a focal point this monday morning. We are
Rba on october and december. We have that bad aussie jobs number yesterday. Rishaad if you look at the headline numbers. Lets have a look at the markets. This is what we see now. The Central Bank Governor david the Central Bank Governor, just wanted to mention that. Rishaad of course. You have to talk about the philippine fed governor. David why not . Let the filipino do it. He will be coming up in eight minutes from now. He might bookmark it. Rishaad profiling, thats what it is. [laughter] rishaad lets move and have a look at the markets. Hang seng up to positive. Just below the gain line. Zhang line, signing up to the upside. Feeling that we may see Interest Rate hikes coming cuts, should i say, coming in october november. This is the position for the nikkei to 25. Up 5. 5 . Look at the topics. Doing rather well. Five straight weeks of gains for the broader market. Lets have a look at the constituent movers and take a look at these different Asset Classes and how they are behaving. W
Commenters have 2 minutes to provide comment unless notified. Speck clear and quiet location and turn off tvs or computers. Next 2. Roll call. Director heminger. Here. Director henderson. Here director hinze. Present. Director so. Here director cajina. Here eakon. Here. We expect yekutiel to join shortly. I know this director hinze is tending remote low speaking fast. Item 3 ring and uchz cell phones ask producing electronics are prohibited. Chair may order the removal for common responsible for sound producing electronics. Item 4. Approval of minutes for august first and august 15, special meeting. Are there amendments . Open Public Comment. On the minutes. Open the phone. Well move to remote comment not to exceed 10 minutes. Dial star 3 to enter the kwuchl each speaker will have 2 minutes. We have no speakers. Close Public Comment. A motion on the minutes . I move both sets of minutes. Second. Call the roll. On the motion to approve minutes director heminger. Aye. Henderson. Aye. Dir
Commenters have 2 minutes to provide comment unless notified. Speck clear and quiet location and turn off tvs or computers. Next 2. Roll call. Director heminger. Here. Director henderson. Here director hinze. Present. Director so. Here director cajina. Here eakon. Here. We expect yekutiel to join shortly. I know this director hinze is tending remote low speaking fast. Item 3 ring and uchz cell phones ask producing electronics are prohibited. Chair may order the removal for common responsible for sound producing electronics. Item 4. Approval of minutes for august first and august 15, special meeting. Are there amendments . Open Public Comment. On the minutes. Open the phone. Well move to remote comment not to exceed 10 minutes. Dial star 3 to enter the kwuchl each speaker will have 2 minutes. We have no speakers. Close Public Comment. A motion on the minutes . I move both sets of minutes. Second. Call the roll. On the motion to approve minutes director heminger. Aye. Henderson. Aye. Dir