Off with what were calling the twin pillarsprosperity tech and bio tech. The s p tech bio sector. And bio tech breaking out, now up 22 , so do you stick with these groups of stocks how much higher can they go . Guy . I think you do. You stick with them for sure, but if youre asking would you rather i wasnt. Answer the question. Ten seconds in the show, youre coming at me. Felt like a would you rather to me im sor richl bio tech i think weve done a decent job. Said it needs to 300 steve has been talking about bluebird i think it was up 10 today, but all these names weve talked about in the immune other pi space, you saw it happen with gilead and kite. It open it is the flood gates for m a and a lot of these stocks valuation wise are still cheap not least of which amgen and celgene. It was a recent bid underneath the market. Bluebird was the next one. Juno as well so you see strength there. I think they both could. They both benefit from tax reform and they could have lack of inversions
Most vicious rotations i have ever seen. It brought some of the rocket ships screaming back to earth. With the dow advancing 85 points, the s p declined. 08 . The nasdaq plunged 1. 8 . Thats just a recovery from even lower levels. Were starting to see that buy f b its a breather, people, it had to happen eventually, you just cant have stocks go up day after day after day on nothing new. Which is exactly what was happening on the supertech stocks. Yesterday afternoon we started to see the money rotating into the down and outer stocks. And then the buying, the template for high growth, but it was an nvidia versus nordstrom battle. Nordstrom had been ice cold until the companys management decided to talk about going profit. To me, that was a wakeup call to cause us to responder whether or not we had gotten too bullish on the market. It got crushed at the opening, it ended up at plus 2. 83. This was just day one of that rally. What surprised me the most today, though, was that the rally al
With so many people posting to facebook, we make mistakes. The finance minister banks flocking to paris after brexit. We will win the race, of attractiveness. James bullard explains why he wants right to stay on hold. Wants rates to stay on hold. I think we have a ways to go in inflation. And we sort the earnings reports. Resultsid set of underpinned by strong strategy. We would like to move away from talking about just pricing, it is also about value. We obviously have the great brands to be able to reach in so reach consumers directly. It is a combination of trends, technology and consumer trends. It is all straight ahead on bloomberg best. Rishaad hello, welcome. I am Rishaad Salamat and this is bloomberg best, your weekly review of the most important Business News, analysis and interviews on Bloomberg Television around the world. Geopolitical tensions dominated the news this week, starting with a pointed exchange of diplomatic signals on monday. China says that it is confident that
With so many people posting to facebook, we make mistakes. The finance minister banks flocking to paris after brexit. We will win the race, of attractiveness. James bullard explains why he wants right to stay on hold. Wants rates to stay on hold. I think we have a ways to go in inflation. And we sort the earnings reports. Resultsid set of underpinned by strong strategy. We would like to move away from talking about just pricing, it is also about value. We obviously have the great brands to be able to reach in so reach consumers directly. It is a combination of trends, technology and consumer trends. It is all straight ahead on bloomberg best. Rishaad hello, welcome. I am Rishaad Salamat and this is bloomberg best, your weekly review of the most important Business News, analysis and interviews on Bloomberg Television around the world. Geopolitical tensions dominated the news this week, starting with a pointed exchange of diplomatic signals on monday. China says that it is confident that
With so many people posting to facebook, we make mistakes. The finance minister banks flocking to paris after brexit. We will win the race, of attractiveness. James bullard explains why he wants right to stay on hold. Wants rates to stay on hold. I think we have a ways to go in inflation. And we sort the earnings reports. Resultsid set of underpinned by strong strategy. We would like to move away from talking about just pricing, it is also about value. We obviously have the great brands to be able to reach in so reach consumers directly. It is a combination of trends, technology and consumer trends. It is all straight ahead on bloomberg best. Rishaad hello, welcome. I am Rishaad Salamat and this is bloomberg best, your weekly review of the most important Business News, analysis and interviews on Bloomberg Television around the world. Geopolitical tensions dominated the news this week, starting with a pointed exchange of diplomatic signals on monday. China says that it is confident that