Sectorsre your main leading the rally today. We should mention this is unlimited volume as well. It is up 11 . In the case of the dow and s p lower than it was a day ago. Passover begins tonight. We might see limited trading. Friday is a public holiday. Monday there might be people off. Jay powell is speaking, and that might provide some catalyst for market pricing. Romaine joining us is christina from invesco. ,hen you look at these rallies it is an encouraging sign, but the market seems to be very focused on the virus data we are getting, the number of deaths and what is a decline in the number of new cases in certain regions. The market will start to focus on little less on the virus count, and focus more on the economic numbers, corporate profitability, the more traditional metrics, and is it going to matter knowing that we know it is going to be bad . Kristina that is the point you are making is right. It is going to be bad. The market is likely not to focus on it which is the rig
Report tomorrow will be backwards looking and will include the worst of the coronavirus outbreak, but gives ead before the pandemic hit us. Romaine youre talking 13 billion shares swapping hands, well above the average, but in line with where we have been. The sectors prior, energy, utilities, consumer staples. You strip out a lot of the names and we would be more flat on the investorst looks like will take it anyway they can get it. Today, they will take it. Strength, the bloomberg dollar spot index moving higher by 0. 5 . Gains inespite some the currencies overseas. In the treasury market, a modest selloff, but 10 year yields 0. 62, but that is where it has been for some time. Backet lets bring Stephen Dover with Franklin Templeton in san mateo. One thing is dividends, we have sectors,anies, suspending or halt dividends. One group that isnt are the big citigroupdman sachs, Morgan Stanley confirming dividends. That is in contrast to banks in europe. How much does that give them a natu
Positive territory here by the closing bell. Volume is lighter than usual. A lot of asian markets closed, western markets. Many are waiting for the start of earnings season. Fargo first. Lls perhaps investors will be forgiven of money misses but it is the commentary at any kind of planning we are looking forward to hearing from these different ceos. Romaine you brought up the idea of the banks kicking off earnings season. A pretty strong route in financials today. Index down about 4 . The regional index down more than 6 on the day. When you overlay that with some of the concerns here that whatever sort of economic beound we may get may not Strong Enough in the way that some investors may have wanted. Scarlet earlier about earnings. Sherry in terms of earnings, i do think there are traditional tools in the traditional toolbox that analysts will be looking towards in addition to corporate identity. The traditional things are going to be balance sheets. Thisve heard a lot about over the l
High where we were about a month ago but the Dow Jones Industrial average having it best weekly gain on a percentage basis going back to 1938. That is get back into our conversation. Tte is still with us. Chief investment strategist. Scarlet fu is with us and Joe Weisenthal as well. Joe, you want to pick this up . Joe i am struck by a rough selloff once again going into the closing, going into an uncertain weekend. We can be certain we will see a lot of headlines of rising case counts in more cities across the u. S. And europe. They are not slowing down the way we would like to see yet. The other headline is this has been the best week for the dow since 1938. I dont remember the last time, if ever, we have had so many superlatives in a week going back to the 1930s. Brent, back to you. Let us get more into the headline vacuum we will get into. We will not get instant policy soonion from d. C. Anytime that we will get more stories about rising case counts, rising deaths. Headlines that a
Point. Scarlett has been talking about selloff we have been seeking in oil. We were down but we are seeing crude dipping about 6 . Scarlet oil prices have been all over the map. Eventshis week, the scheduled to taken place, the Virtual Conference call that is on thursday. Friday, the g20 Energy Ministers meeting, where the u. S. And canada may start to play into the production cuts as well. As you were talking, i just down the up the dow smallest percentage move. It has been a long time since we saw the dow kind of close flat on the day. Pretty telling. Quite an amazing day. We have been talking about this all day, the volatility. No one really knows where anything should be praised. Still with us, we want to bring heinel, state street deputy cio. Lets talk about the earnings season set to kickoff next week, earnings season that people are starting to dismiss already. I am wondering what your expectations are, what you are expecting to hear, and how much stock you will be putting into