That is all ahead but we begin with seema mody and the Market Action today seema, it was record highs to start. Were not there yet, though. Yeah. Thats a great point, dom. Three hours left in trade. Take a look at the screen. Were actually losing a bit of steam. Nasdaq now down just about three points s p 500 higher by four and the Dow Jones Industrial higher by 64 points. Nasdaq, if it gets back into positive territory, it would be on track for its tenth consecutive close. That would be the longest strea since 1997 and it really has been a strong weak lets break down when stocks have been leading the charge as you can see, it is primaril technology apple. Intel. Amazon in fact, amazon stock now playing catchup on track for its biggest oneweek advance of the year in response to those strong Holiday Shopping sales stock up about 6 . Also, want to draw your attention to shares of nike. Sitting on yet another record high this afternoon. Consumer edge overnight raising its price target and
The s p 500 by the way is having its best year since 2013 we do have a if you more trading days left in the year and you can still notch the best year since 97. Well see where things shake out but people are already apparently going for the egg nog. Trading was little light, as they say down here today certain lay different tone from last years Christmas Eve joining us to talk about the markets. The senior Portfolio Manager paul hickey, cofounder of the Investment Group and the Portfolio Manager. Great to see you all ill start with you. What do you make of todays Market Reaction . Yeah. Just light volume. I do think this year were in a complete market meltup. Kind of an interesting time where things can get a little bioverdone and i would be kind of cautious here and look to maybe take some profits and sell some of those names in the portfolio. It might be overvalued here. And i would understand if you think that you do get some selling once you turn the calendar over. People dont want
Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
Chaos. Power lunch starts right now the dow is hanging onto gains. The s p 500 is in the green. If it finishes lower on track to snap a 7week winning streak check out the big winner target the best performing s p stock this week. Shares jumping double digits after its earning report earlier. The stock sitting near record highs. With those weekly winning streaks in jeopardy, are stocks setting up for the winter blues. Bob is at the New York Stock Exchange its way too early to get bearish. Look at that big move up for the month of november, all the right stocks have been moving thats sickically cal sectors. Banks are up the industrial sectors are up. Energy is up health care is doing great thats a little more defensive where is the markets now its important to remember why were at highs theres three reasons why were hitting highs. The fed is neutral and has been expanding its balance sheet. They are tariffs, there is no expansion of the tariff war yet. The market believes there will not
Sevenweek win streak and tech is the secondworst performer in the s p. Joining us for the hour, Barbara Duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right . That is for sure. And i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. And we have yet to see the effect of the Interest Rates next year. But trade, i think, its what people are expecting is that therell be no more bad news i think hoping for something more, like a rollback of tariffs would be a bit much. This seems to have morphed into a geopolitical technological fliskt i think the downside is limited also for those same reasons, plus people are defensively postured and so on but i think what its going to take is next year, having to see what the earnings are going to be and thats a possibility is the market even considering that possibility is that priced