And a beige book road map begins with hong kong, brexit and slew of International Trade data stocks set for a sharp rebound at the open. Recession risks with Global Economic uncertainty rising, well get the latest tea leafs from the fed later today. And the nfl blockbuster, the Dallas Cowboys agreeing to a mon monster contract extension with ezek yell Ezekiel Elliott. Investor sentiment, a lift on news from across the pacific carrie lam making it official she has withdrawn the controversial extradition bill that sparked months of protests and impacted the economic climate. Some protest leaderes say demonstrations will continue, though, unless other demands are met, including calls for greater democracy, some of the protesters are asking for a complete review of police behavior, no indication shes going to give them that as well. I would say finally to this, right . They have been protesting now for 13 weeks this was one of the core issues that set it off. They have other demands, but a
Welcome on this monday. Our investment committee, joe, josh, sirrat and john. Shanna is here as well, chief Investment Officer at Boston Private Wealth the market, stocks are rallying after the president says china initiated a phone call about restarting trade talks and wants to make a deal chinese disputing that today saying such highlevel calls never took place that leads us to our own eman javers in france coming off the News Conference with the president. The president was asked directly about the mixed messages, if you will, and he gave an interesting answer yeah, it was a fascinating moment here at the g7. This two by two press conference which is traditional at these things where french president macron and President Trump stood side by side and took questions from reporters and then macron said im going to go do my own press conference, President Trump you carry on and left the room the president continued a wide ranging press conference taking questions from a number of report
Make love of stock, no matter how you like the Underlying Company, if the rules say sell it, you sell it. One thing ive learned in my investing career no matter how much you might believe in something, you violate the rules of the road at your own parol but what in the heck do these rules come from . Its not like they were handed down from one high and carved into stone tablets not like the laws of physics, you cant deduce them from serving and gravity. No, the rules coal from experience particular my experience ive spent nearly 40 years in this business and in that time you Better Believe ive learned powerful lessons in many cases, ive learned them the hard way and because i dont want you to repeat my mistakes and because i want you to have the benefit of my career, tonight i want to layout my most important rules for investing, the stuff i really live by some stuff may seem basic but again, you forget the rules. Back at my old hedge fund, i would occasionally convince myself it was o
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
Anticipating a reacceleration in inflation. Im just happy tightening is over. The economy is on a cooling path but it is a gradual path. This is bloomberg surveillance with jonathan ferro, lisa abramowicz, and annmarie hordern. Jonathan the most important hour of this morning begins right now. Good morning, good morning. Your equity market on the s p 500 positive one third of 1 . 30 minutes away from ppi, jobless claims, and retail sales. Lisa will it change anything . Ultimately i want to see if the market cares. How much people start to realize theres something greater under the hood then we are pricing in. Jonathan they can have a conversation about a Balance Sheet doing something about qt. The risk event for a lot of economists is whether those three cuts implied by the median dot drops down to two. Which would track the market in the direction the market did not want to go. Lisa and if jay powell does not sound as rosy about everything, it may be is concerned financial conditions