Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i
Flat. Thats one of the main reasons why this market has become so frustrating. Its a real threat to whatever bull markets are left. And the ones that are left out, boy, are they painful. The recent selloffs, theyre much more extreme than our rallies. We just dont have enough sectors with strong prospects, which leads to a shortage of viable stocks. Thats why the universe of winners is so narrow here. Even on a day when the averages rebounded hard from the lows, dow finishing off just 12 points, s p dipping 1. 3 . Nasdaq declined. 12 . You know as i say every night theres always a bull market somewhere but its getting pretty hard to find it. So tonight i want to talk about whats happened, about some of the vanishing bull markets, the ones that are at the precipice or tipped because you need to know how this business has become so darn hard. Whats causing these bull markets to move into bear markets . Is it Interest Rates, strapped consumer, into the postcovid heyday . Maybe a little bit
This is daybreak australia. We are still an hour away from the start of asias major market. Betty a brandnew week, but it will be a short week. It is just after 5 00 p. M. In new york. The thanksgiving holiday break already. Last week we saw a second decline in u. S. Stock. We ended on a red note. The s p and dow off by about one or two points as well. Decline, twoek of an a row since august. It continues to dog investors. Where is the fed going to go next year . Beheadedl tax reform and will we get it done by the end of this year . These Research Notes coming through last week. You have this market, nothing seems to bother it. You have something skittish starting to build, it seems like every headline might comes to that tax reform seems to be hurting the markets as well. We get this brandnew trading week started, lets take a look at new zealand where trading is underway. At about 1 10 of 1 . Australia, coupled members speaking early this morning about financial stability. Cindy futur
Describe todays session torn between the ecstasy of victory from the near passage of a very pro business tax bill, and the agony of consternation over the russia investigation taking a more serious turn oh, yeah volatile day dow only closing down 41 points. It was down 350 at one point the s p backsiding 0. 2 a lot of pressure on the tech stocks were in an unchartered waters when the serious investigator is building a case seemingly against the president of the United States. A special Counsel Robert Mueller seems to be doing that i found myself thinking, will we have impeachment hearing, a ton of president ial pardons . How does president pence sound i defy anyone to tell me they didnt think those same thoughts when they saw the headlines that former National Security adviser mike flynn was flipping on his old compatriots. In the end though we dont know where this investigation will lead maybe nowhere. And while the tax bill looks close to a done deal, nothing could be certain there e
Economic houses in place. Theres seeing property is the biggest threat. You may have seen a glimpse of what is to come in 2018 and the treasuries market with that yields surge we saw today. A lot of nervous investors around how much the yield curve has flattened in the face of more positive economic data. I want to bring up this chart really quickly, which shows how much a yield curve has flattened. It is headed toward that in version, usually points to an imminent recession most times. We heard dow fed president fred kaplan say thats usually the ase, how you determine flattening inverted yield curve, and why this time would be any different. That has a lot of investors nervous, are we going to see some sort of tantrum in the bond market . That would be quite shocking to the market. It has been interesting, too, what weve seen overnight, not just the 10year come the 30year. Reform . Signal of tax could we see some type of Economic Growth, or are we going to reach your end and see this