Anticipate what will work in that time frame and what wont but after another shocking day, particularly for the sell in may and go away crowd, where the recovery stocks roared, the dow gaining 533 points, nasdaq advancing 7. 7 , the market does not lend itself to that easy divining right now the future is too binary the market feels much more like a horse race where there can be only one winner in a very crowded field of contenders. But its a long race and were still far from the homestretch so it could go either way. Who is running in this race . The first group is the subset of the cramer covid index the storks that enable the stayathome economy think everything from zoom, video, papa johns, dominos. Papa johns 33 sales, thats good news for that horse second group, the recessionproof stocks, mainly the food and consumer Package Goods plays especially ones that make hygiene supplies. During the lockdown, worries about covid, hey, but covid may be waning, lockdown is ending. Third, you
Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around the world and investors are perhaps cheering that in terms of what is in demand and shrugging off the bullish ideas,
Whos around me is tested for the coronavirus the first lady seemed to remind the Vice President of the cdcs guidance in a tweet today. Urging people to cover their face. That was Kaitlan Collins reporting and as of today nearly 5. 8 million covid19 tests have been performed in the united states. Thats according to data from Johns Hopkins universitys coronavirus tracker. A new study by usc reveals that most Americans Trust doctor Anthony Fauci more than anyone else. When it comes to the coronavirus 45 of participants surveyed said they were lying fauci the longtime head of the National Institute of allergy and infectious diseases. For information regarding the pandemic 35 said they rely on their own governor and 20 of participants said they rely on President Trump fauci has advised every american president since ronald reagan. Bay area landscapers will soon be able to return to work as part of the revised shelter in place restrictions that were announced earlier today that is very good
Possible it doesnt come back United States. In the fall. Next fall and winter, we are and the majority about 40 to going to have two viruses circulating. On testing. We are not in a situation we 50 of the mortality so we continue to watch this very say where we are exactly where closely. But that is where the we want to in regards testing. If projections take us and its very much based on detroit, louisiana, and other groups. With him. Reporter and disinfectants. Then looking at seattle, that never really reached a peak and any way we can do that by has never really had a large outbreak and trying to injection inside or almost a understand what we can do as a cleaning . People to ensure. Or use uv rays inside the socially distancing will be with body . That is a treatment. Us through the summer to really my guest this morning is dr. Ensure that we protect one another as we move through these deb was birx and governor of new phases. Dr. Birx, help me understand what happened with the je
Whats up, zoom is up, amd, shopfy, nvidia, stocks that would be categorized as stayathome stocks, companies that benefit from people using their computers, using broadband and video conferencing, Something Like that. Maybe thats whats driving the trade for the morning thus far well see where it goes from here, morguen. Thats exactly why the nasdaq is positive, albeit just above the flat line as the quote unquote stayathome stocks, and worth noting that the small caps, the russell 2,000 is underperforming down 1. 5 where the nasdaq has sort of become the stayathome stock shutin index, if you will, because of all of those tech names that are levered to the dynamics weve seen playing out in society in the last couple months, the small caps aremuch more geared towards the reopening and the prospects of reopening, given the fact they are so domestically skewed economically sensitive and tiered to what its going to be like to get workers back into jobs and the like and what that process is g