Between an unfilled gap 3259. That gap needs to be filled with some bullish moments. As you know, we are well above 250 100 day moving average. As you said, those smallcap stocks, big performers. Really beaten up so far. Finally getting we are out with earnings as well. One that you and i have been. Secondquarter revenue seems to eat gnificant significant beat. Revenue coming in at about three and one quarter billion dollars. The Forward Guidance looks strong. That might be why shares are up. And to why the Forward Guidance looks higher, what divisions within that is this are showing strength. That busyness are showing strength. Caroline the companys conservative forecast could add to the fact that it is likely to beat overall. Worried about the global auto sector, industrial gear shipments. The is a notable beat for second and Third Quarter. Maxim last week saying they will be teaming up to take on the likes of texas instruments. Revenue for the Third Quarter looking pretty strong for
Technology companies coming up in front of congress. We know that Mark Zuckerberg will be taking questions and even delaying earnings. Taylor we are speculating here. We dont know why they have not confirmed that but we assume they are those hearings delayed from today. Stock Market Reactions, so priced to perfection. Unless you are revaluing them, the strongest Balance Sheets, because we are in as in a structural change, they are the only Companies Growing 20 with 30 , lets say you get a beat or meeting expectations, the Market Reaction has been a little bit to the downside with some of the smaller Tech Companies. Is Market Reaction post that interesting but a week later we forget about what happens after earnings. Caroline microsoft was down after earnings. Tesla had a big selloff last week. Sherry, we were talking earlier about the weakness of the u. S. Dollar. How much is that starting to have you looking outside of the United States . We had a call for getting into emerging market
Only in credit, investment grade, high yield. That you go to the dow, which has typically been the laggard. Some of the big winners, caterpillar, home depot, boeing, classic industrial procyclical trade that our guest was referring to earlier. To more, i want to go back our guest from market field asset management. How do you make days like today when everything is positive, it seems like we are in the all clear, yet we know that might not be the case. Curious on days like today how much of this comes from a procyclical trade overseas in china relative to perhaps any optimism here in the u. S. Chinas stock has been on a tear. Ish of that you think filtering back through sentiment here in the u. S. Not that much. Today came after yesterday. We started off in the morning and fell like a rock in the afternoon. I dont actually think people are paying that much attention to china yet. I think they will be. I think the easy money to be made this year has been on technology, on stayathome, wo
Markets moved to the downside, Morgan Stanley at the Economic Team out with a note in the last few hours, talking about some of the risks. Markets as youhe start to see this payrolls turned back negative. What that means for the Downside Risk for the market at valuations that are by some measures full at this point. Romaine lets bring jim polson back. Upay, you see the nasdaq 100 0. 8 . Snp down half a percent. Down 2 on the day. Smaller, midcap cyclical names, that has kind of disappeared. That some of these names could come back anytime soon . Jim i think that whenever we have jitters about the virus reemerging, that creating a slowdown in economic reopenings , we will get the kind of today we got today where the market itself, great leadership by what is perceived as defensive investments, which is the new communications, consumer discretionary, that has growth outside of reliance solely on the economy. But i think we are in a new economic recovery and new bull market. Ultimately, i
Investment impulse that American Companies are making right now results from an official policy we are conducting together and which increases the sense of safety. It also increases the sense of safe investment in our country. That means the creation of new jobs in the stateoftheart branch, i. T. Technologies. Im pleased because in poland we have got a large number of excellent young i. T. Experts, young i. T. Engineers. For sure we are able to come to terms with the challenges as far as intellectual capital is concerned. These investments will be benefit for the United States, u. S. Companies and poland through creating jobs and requiring new experiences by young people and engineers. I am also glad because as we said before, the agreements we entered into concerning increased military presence in poland, the agreements we had last year, increased by 1000 troops, and another agreement stipulated locations in which people will be stationed in poland on a rotational basis. Today we are