60,000 new cases in a single day for the first time oil is holding 40, gold topping 1800 for the First Time Since 2011 david, it was a quiet calendar already going into this week, but it does seem like today in terms of looking for inputs traders are really on their own this morning they are. I mean, you know, the only calendar, carl, that really seems to be getting busy and staying busy is the ipo calendar which we should mention as well just because it is some sort of reflection of demand in certain parts of this market the latest of course Rocket Mortgage, thats going to be an enormous ipo, we can talk a bit about that later if you want other than that not that much to key off of clearly, mike, this is not a market that seems to be particularly concerned in terms of keying off of the rising cases of covid that were seeing around the country and the reversal of reopenings, the slowdown in business, certainly in travel, leisure, restaurants, that is resulting from the rising caseload.
The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
S p 30,038 russell out performing everything today lets begin our conversation, joe. Really want to use these last days of june to discussion where the money is going to be made in the next six months. First half is going to be in the books in a couple of days. Its been a turbulent one. We know that what do you think is in store for the next six lets talk about the last couple of days so we can look toward the final six months. A lot of complexity here first of all, you have the russell rebalance. You have a 10 decline in the last five days for facebook and the immediate question for me is does that have an impact on the Technology Sector. If i look at the sectors, technology is the only leading sector in the month of june. Are we going to get weakness here out of the Technology Sector i think that extrapolates further to more weakness throughout the summer for technology and there in lies your opportunity to take advantage of that orrection. How about the performance for the emerging
With erasingirting its gains. I well then drum again. 50 higheralmost volumes than usual. 21 higher. The commitment to the rally remains. Romaine we did see some precipitate dissipation. Microsoft and apple. ,oving deeper into the green amazon. Taylor participation from fallen angels, exactly what fed chair Jerome Powell wanted. The yield options adjusted spread, the sector has been the best performer of all of the highyield market. Since going back since the beginning of the year. Deutsche bank saying that the bb s trading above prepandemic levels. I want to take a look at some of those individual movers we are talking about. Casino stocks up 7 . Bank of america, as you have been mentioning, upgrading alaska and jetblue, saying that the leisure rebound is real. Saying that jetblue is a pure play on the recovery. Amazon, Online Shopping has been the biggest winner from this pandemic. Atally, we will take a look another chart inside my terminal. Caroline, i made this just for you. Globa
Vaccine world. Were talking about vaccines nationalism. Is it good thing or bad thing . Well weigh in on that. That and so much more coming on making money. Get right into it, folks with the market up almost 3 here, biggest winner in term of all major indices markets are up. We are break out. Want to bring in the guests to go through a series of questions. A lot of investors grappling what to do at this point. Alicia levine is with us from bny mellon. Dani hughes is with us as well. Want to start with you. On this market, just your thoughts, the way we were breaking out, resolve that weve seen, where were going from hire. There has been a lot of sent system. Some of that has to be going away. Yeah. I think the skepticism has gone away. Hope has sprung eternal. People buying stocks and happened last week, continues on this week. With the images that were seeing not just here in the United States but globally, with rates coming down, the curve flattening people getting back to work, peop