Ten states are beginning to work on plans to open parts of their economy. Maybe in may, the fed launches a commercial paper funding fa s t facili facility there is an argument that calls for stocks to retest are fading. I thought yesterday was an important day with the dave kostin change. I did a lot of work, help with larry williams, about how many times when you have a 50 retracement or more, we have a retest the answer is almost never i think theres a lot of people coming on someone came on the air this morning and said in every single case you have to have a retest. Thats completely untrue if you bounced up 50 beginning last friday thats what we did. A lot of people say this thing is based on large cap companies. Thats what we do. Were not trading luncheonettes here thats not to the detriment of luncheonettes. Were not trading hair salons. Thats not the way it works. We trade Large Capitalization Companies that do better than smaller ones in this environment. Thats life. Is it fair
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
Target. At the feds target for the first time in quite some time. A 2. 1 . So this adding to all the Economic Data that we have already gotten out this morning. But that Consumer Sentiment number is kuwait interesting. Quite interesting. Lower than the prior read. We have stocks little changed one again in the u. S. Ending the quarter and week on a little bit of a down note. The dow doering the worst of the three major averages. The s p and nasdaq very little change. We have been looking at an index of smart money. Socalled smart money. Professional Money Managers tracked by the smart money flow index. It traction market moves in the final 30 mivents trading. Usually they are dominated by the professional group of investors. If you look at whats happened to this particular index since the election, its up 4. 5 , which is a lag of the s p 500 which suggests that these professional Money Managers are not as involved in the market. If you contrast that going back to february of 2016, you
Gov. Sarah Huckabee Sanders and state legislators have developed an ambitious reform package to empower students and families, incentivize teachers, and provide an adequate, equitable and efficient education system, as required by legal decisions and the Arkansas Constitution.