Predictions and youre making another big one. Why next week for what you call a monsterous rally into your epicenter stocks happy friday. We took a look at what happened the last time cases peaked which was late april it took 20 days last time. If we look at the current context, daily cases peaked july 27th the 20th day would be august 14th we have been seeing consistent 7day decline in average daily cases but our clients are thinking this is in the middle ground theyre not clear if its a decisive move. I think it takes another week. That will happen next week and i think lit be violent sdp you think people are ready to get out of these stocks that have been so tried and true. Nasdaq closes above 11,000 clearly money wants to go into big megacap growth yes i think megacap growth is cheap as a bond proxy because youre paying 50 times for an investment bond. Paying 30 times for faang isnt expensive. These are the names that have been written off by the market its only 26 of the market ca
I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what they think. Shah gilani and erin gibbs. Erin, let me start with you. The idea maybe this is too much optimism. Wall street hates it but the more hate it the more the market seems to rally. We are, many of us are cautiously optimistic. But im definitely concerned at how stretched some of the valuations are looking forward though. It is very hard when you talk about value because you really have very little visibility on what the actual earnings will be. But certainly there have been a lot of predi
The 10 year is that for 24. 48 so it had been up at 425 and now we are down about three basis points. Its a pretty high level and we are up at the kind of levels we havent seen since last year and before that since before the financial crisis. The u. S. Dollar index is off about 1. 5 points. With these very high yields, it draws people into the dollar but they have started to give up some of the gains we have seen in the last few weeks and nymex crude is back up to date dollar per barrel at 81. 40 one cents. Jon i am watching some of the Energy Starts trending higher with oil pushing back higher and one of the big things outside the macro headlines is been the Retail Sector with so many Earnings Reports. We are still seeing a mixed picture from that group. Youve got a name Like Ross Stores with guidance that was crowdpleasing so the shares are up about 5 now but then you got farfetched thats getting crushed, down more than 40 with struggles for the u. S. Business. Dont go to sleep beca
Said biden made it worse, that is not good for president hu is touring the country trying to sell bidenomics. Maybe thats why an increasing number of democrats are trying to get him to step aside. Congressman dean phillips has launched a National Campaign asking the party to find someone else. After many summit with leaders of south korea a the president leleaves in lake tahoe californa so he can be in hawaii on monday. Lets get to the market, you are not going to like this, look out below, the dow is looking at the worst week in five months. The opening bell, were probably going to be down 160 into serious loss and the nasdaq, down 130 points. Interest rates, uptrend, that is not good for stocks, the ten year treasury yields well above four and a quarter percent, 427 in the twoyear treasury getting the same of what what it was yesterday. Slick close to 5 , look at bitcoin a sudden drop after elon musk said he had written down the value of the Crypto Holding that spacex, the wall stree
Delivered. Even though we are taking this matter extremely seriously. Dagen power has restored that the damage done as passengers are scrambling to rebook flights one week before christmas. Tax reform at the one yard line. Lawmakers preparing to about an house ways and means chairman kevin brady told maria republicans plan to punch it in. I think we are headed the American People are headed for a big win on tuesday. We work hard to make sure those sun devils dont hang this up in any way. Train to the optimism on wall street. 123point gain on dow futures now across the board game. Gala s p and heading higher. Europe stocks also in the greed and in asia overnight markets mostly higher. There you go. The only loser that kospi and south korea down. Bitcoin but ends up with the details as features of the crypto currencies start to drain on the cme on a week ago they started juries and on that cboe. The less chatty with the secondhighest owning for for a film ever. The massive amount the Com