At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its go
Teach, put in context. Call me 1800743cnbc or tweet me jim cramer the market cooled off today. The dow sliding 67 points. Nasdaq advancing. 04 . Come on, lets face it all eyes are on next week. When we come in on monday, well know who won the election. How do you respond simple you should do nothing. Why . Because it looks like once again that we are going to have divided governments. With divided government, there is not a lot the president can do biden may be aggressive about protecting the environment or fighting covid19,less questions on cracking down china he got all these different departments that can make rulings. I wish i can Say Something simplest simplest simplestic sell your trump stocks sure trump is friendly to fossil fuels. Other than chevron and pioneer, the whole Group Remains investable biden cannot hold all of it back on the other hand, a bidens is t presidency may make nicer on china. This is mad money, not mad trade policy. So we have to factor in what it would mea
Half hour, joining us for questions. If you had to pick one, would you rather buy gold or bitcoin a lot going on this morning on squauchl thats actually a game we play on fast money would you rather that answer, the day after bitcoin crosses, particularly saling at the section. What i like best when they move in the opposite direction with pops and drops. Was that not a fast money that is like classic fast money circa 2007 classics are the best that is peered the way they are moving together. The way of the digital gold story. Weve got all of this money printing the depth of the crisis getting down to 4,500 . I think lower like 3,500. I wanted to ask you i dont know where you are i dont want to know what type of lease arrangements have you seen. When are they coming back to work at google summer 2021 what is it now . Summer of 2020 it is a year from now google, alphabet is the most out there. Facebook is june 30, 2021. I wonder if all the Big Tech Companies follow suit. Microsoft was o
Like macys what sells pretzels kiosk has 2 broken windows in someone stole the entire cash register. Whether no money was inside we dont know, but the whole door was stolen and gone. We also know that old navy was hit several glass windows can be seen their shattered and one of them has been boarded up now the tory secret is also a store that was looted the front doors broken into inside clothing racks empty mannequins toppled over the entire mall is covered in shattered glass. Its going to be a big cleanup. And that is what a along the creek Police Officer told me is that here on out moving forward theyre going to be cleaning up. This mall is going to remain closed. Down the street, i drove to the target on north main street where i also saw a broken door, and it looks like they were looted as well so looks like walnut creek hit pretty hard in the police here are monitoring situation construction. Crews are actually going to be here soon ford up any other stores that may needed and th