Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
From the fou tour. Two owe posing ways to play the semisector and how to keep digging when at the end of a mine its time to risk less to make more options action starts now. As we just mentioned. Interest in options trading seems to keep growing by the day. So bob has at least part of the reason why good to see you options trading has become the new Sports Betting millions staying at home have discovered Sports Betting and it has created options trading. Trading in equity options hit new highs in november continuing a trend that began earlier in the year equity options trading is 50 above last years level yeartodate on all of the options platforms. Much of the activity has occurred in out of the money call options with much of it in day trading. Buying in the morning and getting out in the afternoon analysts say that might make some sense if you only have a limited amount of money to invest, buying options at 1 or 2 may make more sense than buying a tesla or amazon or apple if the stoc
Level. Toestors downright giddy get clarity on a biden transition and a wave of news on the covid vaccine. There is ambiguity about the unequal economy. Rise, Consumer Sentiment falls. Sentiment points pretty positively, though. Joe yeah, i mean, ok, we didnt hit record highs on the s p 500, so the fed has to cut rates. But the big picture is, yes, clearly this is a market with a lot of exuberance. Small caps, this is a part of the market that really lagged for several months even after the recovery began in the spring. They have been on a tear lately. Searching past the old record. So many names even on a day like today. Pause for the speculative euphoria. Caroline you look at the industries that have been so beaten up. Energy suddenly in the last five days absolutely killing it, no other way to describe it. It has fallen hard and fast. When it moves higher like this, it is not the almighty pull like big check, but energy financially catching some sort of break. Isgoes to show this ro
Dioxide just toward its potential. If in the north sea is large enough to handle a substantial part, if not everything that comes out of your can that work will ships with c o 2, soon be going to norway to sink our climate problem under the north sea. And the technologies exist, but do they really advance climate protection . Or are we just buying time . According to the Intergovernmental Panel on Climate Change, we can only emit a maximum of around 330000000000 tons of c o 2. If the rising global temperature is to stay below 1. 5 degrees celsius, were currently releasing around 42000000000. 00 tonnes a year. If we carry on as before, the c o 2 budget would he used up in around 8 years by 2028 steps like closing coal fired power plants, expanding the use of Renewable Energies and switching to electric cars will cause c o 2 emissions to decrease the more ambitious, we are, the more they go down. But keeping the increase below 330000000000 tons seems a hopeless cause. And it means theyll
By middecember. G20 discusses the virus and remedies. President trump. The worlds first travel bubble burst. Kongsingapore ehrlich is being postponed by at least two weeks. Host calling and a question the fragility of the travel bubbles. And how fragile this travel revival could be. Stocks extending the weekly decline towards the end of the week. We are looking at more optimism going into the start of trading in asia. Kiwi stocks up by 0. 4 . Goingle bit of advance into the start of trading. And we are seeing dollaryet continue to decline. Dollar weakness continues to play out. Vaccinations when it comes to the vaccine progress we have seen against covid19 could be administered in three weeks if they are given the green light from the fda. There are still questions about how poor countries will be given access. We are in washington. How close are we to get some rgency off to raise the emergency authorization in the next few weeks . Duringeems a could calm an emergency meeting. When you