The s p 500 is the worst we have seen since march. A lot of it does have to do with what is happening in health care. Disappointing earnings as well, this morning. Weve got this agreement between amazon, jpmorgan and Berkshire Hathaway to provide Health Insurance for those companys employees those companies employees. It is unclear what the details of this Health Care Plan will look like, what it is putting serious fear into the Health Insurance industry, especially because amazon is involved. As we have seen over the past year or so, every time there is a whisper of amazon getting into a new business, whether it you are talking about groceries or some other business, we have seen stocks in that industry amazon is seen as such a dire competitive threat. Cbs, we also have the various Pharmacy Companies that are falling in todays session. Cbs, walgreens and rite aid are following are falling. Take a look at the bloomberg, because we have seen health care as one of the leading groups in t
Youre getting ownership of a company, some are higherpriced, shorter duration. You may buy something at 85, if they refinance, everything trains up to par. We also have some securities that came out of distressed, become equities, but they have done really become darlings of the mutual fund world yet. That transition creates a value gap that is quite tangible and large. Erik what is the stupidest place to take risk today . Josh that is a hard one for me to say. Im not sure i can give you a good answer but i would avoid being in very longduration low coupon bonds of any sort, particularly of investment grade. There is not a lot of upside remaining in highgrade longduration bonds. Relationshipric between the upside and downside. How do you think things will evolve over the next couple of years . If you were to cast your mind for 12 months, where would you be deploying capital . Monthsver the next six it is hard for me to look out an entire year. You dont know what accident will happen in
Day, gmm , look at the color, equities down for a fifth day of declines for european equities, the worst since november. Stoxx 600 down by its biggest amount since november 9. On track to fall for a second week and the biggest weekly drop since 2016. To put it in perspective, the dax has given up all its gains for the year, up 5 through january 23 and today down 1. 5 . Currencies getting hammered against the dollar in the wake of the strong jobs report. Look at bond yields across europe, the german 10 year yield at the highest since september of 2015. Are falling with bond insurance is your final column on the wonderful gmm function. It is all about the markets, big news on the corporate front, astrazeneca says annual revenue will rise for the first time in four years. They releases a flock of new products from cancer, asthma, and other disorders, their chief executive working to transform the company into a Drug Development powerhouse that could rebound from waning sales of older prod
Luxembourg, greece, norway, spain and ireland. Ascento continuing its to the highest level since 2014. Sovereign bond yields, commodities, ubs your final three columns. Best annual results since 2011. The election of Emmanuel Macron combining with that global it is in confidence being bolstered by macrons Economic Reforms and tax cuts implemented by the previous administration. Growth at 1. 9 . Far above the. 8 average through in the 10 years 2016. We have some stories to tell you about today. In 9 increase in fourthquarter adjusted profit, narrowly missing estimates. Orders were stronger in china and north america, particularly its diagnostic equipment business. They missed on Health Care Equipment and services while exiting from manufacture products the Amsterdam Company is aiming for more totnerships with hospitals sell xray and diagnostics machines. Today,up almost 5 reporting its first gain in annual profit for four years. The watchmaker boosting its share of the lowend timepiece
Coming after the biggest weekly drop in two years. Seems like a long time ago the benchmark fell by 5 . A rise this week with end the worst weekly run since june. The twoday gain is the biggest since january 5. Stocks are on the rise once again today. A bit of Corporate News to tell you about. The biggest increase in a decade. It ended last year with a record order backlog, delivering more just than ever before. The company with a 1. 3 billion euro charge against the military and hits and it said meeting 2018 target will be dependent on overcoming issues afflicting the latest jet. Onetime items increased by 8 . 20 for thisy years figure as long as delivery targets and shares are up earlier as much as 11 . They are up a mere 8. 7 today. This is standard life. It is moving in opposite direction. It is down by 9 today. Lloyds Banking Group terminating an arrangement with this company in which britains largest active money manager oversees over 100 billion pounds of assets for the bank. It