Neededa and thing whats behind me. a onea thing in particular and itsa right over my Left Shoulder. awhat is that . a its over anda going back to august 7th out ata the ballpark and barry bonds hit 756. aa right here on the top isa the sporting green from the next aday and they say a new king. a thats a new ticket and then noa iphones. a we did not have thea tickets then, and then theresa two pictures that i took. aone of those, and its right whena bonds hit it and then thea celebration with the fireworksa and then the two pins below. athats that. a thats what thata is. a its currently in my sons aroom because my wife would not alet him put that up. a thats thea story behind what is over mya Left Shoulder there. a with that, awe welcome you to the 9. Were acoming off the weekend, and ia starting a new segment of thea highs and lows of the pandemic. aim going go really quick with athis. amy high was playinga wiffle play. a we had a greata game going, and we had abacktoback days and my l
All sectors are higher, even those companies that are telling us that news, like uber, laying off 3000 people. It is really across the board. Homebuilder confidence that are than last month but still coming in at 37, so still pretty weak. Crude oil just below 32 a barrel. I want to point to the offshore indicator of how the market may be performing. Weaker for the last few days. Lets get a deeper dive into todays Market Action with kailey leinz. Kailey obviously, we have a healthy rally underway. Volume is 20 above average. That indicates there is some conviction here. Bet indicates there not much conviction, the vix. The fewest long contracts, and the fewest short contracts. How toket is not sure price future moves and volatility, even as the vix has fallen by more than half. That index is now at 829 handle. , ifor movers in the markets want to mention moderna. At a 29 handle. Analysts raising their price targets on that. One saying the company could have a potential blockbuster for v
Thats unbelievable. Bob has more on whats driving the action bob. Thank you were seeing some rotation today. Its about time and thats a really good sign for the market. Well see if that holds. These things come and day. The banks have been drooping a bit. Nn energy, first rally really in a month. Tech is sort of inline today thats interesting i want to show you something health care is lagging nap was the Leadership Group this the the rotation im talking about. How about tech tech is up its an interesting form of tech its Old School Tech hewlettpackard is up nice today. Xerox is rallying. Corning is rallying. Thats old school stuff. Hoe about the megacap stocks the big five names theyre up i want to point out, they were very late to the party today those stocks were all flat at the open a lot of people are offsides today. Look at the estimates out there. Theres been some conneequity ad mutual funds that tells you a lot of people are not very optimistic. 2939 that was the old high at te
Futures at start of trading as businesses reopen this morning, dow industrials up 350 points, 1 and a half percent. S p is up 41 and the nasdaq higher by 114, this after the dow, nasdaq and s p 50 finished down in the week despite fridays days as you can see, dow industrials were down 2 , 2 and twothirds percent, the nasdaq down better than 1 , tensions between the United States and china continue to rise, lawmakers looking to offer big incentives to move supply chains from china to america. President trump versus president obama. President trump calling predecessor incompetent as president obama says they leaders pretend to be in charge. Sports is coming back, the roar of the engines returned this weekend as checker flags dropped on nasdaq, caused drivers to hit the brakes, mornings with maria is live right now. Maria Global Markets this morning look like this, major areas of the world are reopening for business leading to gains across the world, as you can see in europe theres a stro
Lauren. Lauren very choppy. The dow was set up to be up five days in a row, 357 at the high. Closing in the red, s p is lower. It is on track for the best month since 1987. Nasdaq is the big loser. Technology down. Health care weighed overall. A lot of dow components reported today, four to be specific this morning. Only one of those,fieder actually reaffirmed, rare to do this, reaffirmed fullyear guidance but take a look at its shares down over 1 . Pfizer spending money on a coronavirus vaccine. It says one could be ready for testing next week for use by the fall. Also technology, investors are waiting Quarterly Results from the Big Tech Companies starting with alphabet. Any moment now they want to know how immune is big tech to coronavirus and how has ad budgets been slashed . Take a look here. Were seeing so many of the stocks been hit hard with the virus come back. Consumer confidence and a Regional Manufacturing report, completely nosedived this month. Still investors overall opti