Flat theres the s p up a corner. Tech is out performing today steve, i look at the notes from all of you today and sounds like youre growing more and more cautious on where we are and more importantly where you think we could go. I think thats right. My position is simple. Were going to get a vaccine the timing is uncertain. Its not going to be distributed on a mass basis until next year. The election wasnt decided until middecember from election day to middecember, the stock traded down 8. 4 . We have a market on steroids i think you continue to see issues which is really gutting the Technology Sector which has been leading the market. We saw more today. They want to call the ceos from google and facebook down to d. C. Again. That is the current administrations platform. Lets get tough on trade lets get tough on tech. Its been disasterous or could be disasterous Going Forward when you take a look at valuations, you know, theyre very vulnerable here if i could be 1010 club, i probably
Of their earnings. The traders take their positions. Home depot shares are up 10 in 2020. The stock just got a new street high target. It is our call of the day. Plus eight stocks wall street loves on this valentines day, all with double dugt upside from here. The Investment Committee is ready to go. Halftime report starts right now. And it is good to have you with us here on this friday. Your Investment Committee today is jim lebenthal, josh brown, stephen weiss, and shannon saccocia, chief Investment Officer at Boston Private Wealth shannon, welcome good to see you back thank you all right [ telephone ripping is that the president good start. Who do you think we are scott is not here for one day, this guy is talking calls on the set it is probably wapner. Cut his mic stocks are on track for a second week of gains the dow up 1 this week, the s p up more than that. The nasdaq up about 2 this week the nasdaq 100 by the way up 10 this year. Stocks remain on pace to post their best monthl
Frame on over how long of a period of time will they hit that 50 billion figure. The president also saying here to reporters that the chinese wanted to start phase two talks right away he says thats fine with him the president also saying the tariffs that remain on chinese imports will be used on negotiations for that phase two deal so that president here implying he hasnt given up all of his leverage in further negotiationegotiation negotiations no time lyline for when that phe two deal had been completed. That seems to be where things are headed now were getting some tape coming in of the president s comments well bring you that as soon as we have it meanwhile, were getting a bunch of very supportive statements from business groups, crincludi from former treasury secretary hank paulson, saying this is the first bilat rahal trade deal in to years it was hard fought and long overdueth overdue. This is a first step toward completing a comprehensive trade agreement. Scott, reading that s
Up acronym for not as bad as fear while it seems to gain on the surface, the nasdaq rising 0. 40 , underneath there were some bewildering moves that remind us the market doesnt always behave the way we expect it to. In particular, a bunch of stocks rallied today, even though they reported what looked like simply awful numbers. If youre befuddled, you have come to the right place. How does the stock end up going higher in the wake of a seemingly ugly quarter, its all about my buddy, pal, friend nabaf. Let me show you how it works we start with the railroads. The railroads are the best example. All aboard this Morning Union pacific reported by what even by its own admission was a disappointing quarter. [ crying ] their sales were weaker across every single cargo line. Unreasonable downtown 20 . Premium, that includes the position down 9 , ag off 1 . Industrial down 1 the cause of this weakness some cargos have been troubled for a long time, like coal but most of them are just plain econo
Inflation did rise. So what did stocks do in they went up. Its all just a case ofuring that market adage inside outside. In this case, se the rumor, buy the news. After a stumble out of the gate tonight, equties rallied, and strongly, for a fourth straight session. The Dow Jones Industrial average advanced to 24,893. The nasdaq added 130 and the s p 0 was up 35. Babb pisani mightily tries to hy explain w stocks went up todwh most thought he would go down. Reporter is the market worried about inflation or not . Stocks took a knows dive on february 2nd when the jobs report pointed to strongh. Wage grow it fell on today when a read on consumer inflation came in stronger. But by late morning the market recouped all of its losses and move higher. What happened . First volatility has been a big wory recent. Today the main measure of volatility, the vix dropped dramatically, indicating that traders who make bets on volatility were betting that volatility would be lower in the next month. That