All that and so much on making money. Charles obviously it was a tough week last week for the stock market but by the time the dust settled the year had become even more screwed as it was. Only 193 stocks in the s p were higher for the year. There were actually more losers on the nasdaq than there were more winners. I have no problem with the hit megagrowth stocks hit. Theyre still under pressure. I expect the trillion dollar stocks to be okay in the long run. But for the rest of the market, there were signs late friday that foreshadowed todays rebound. S p 500 held at a key support level. There was huge buying volume into the close on friday. The 10year yield marching higher. All the issues bothering the market are still unresolved and major indices must close higher to reverse the downtrend. In fact i think the s p 500 has to get above 3400 before you see buying go big time . Where does the market go from here, more importantly where should you be positioned . I want to ask Money Map
The question is, what is the catalyst that will get market to move higher. Were all over that. Speaker pelosi struggling to explain the holdup. I want this very much now. People need help now. No use giving them a false thing just because the president wants to put a check with his name on it in the mail. Charles okay. Well, this is not the ownly issue for democrats who are running out of the ways to try to stop the confirmation of Amy Coney Barrett. Back on the hill for another day. I will ask rnc rep Liz Harrington about her performance. Deneen borelli is with us. Her take on rapper ice cube reaching out to the trump administration. All that and so much more on making money. Charles you know it is another quiet day on the markets. The broad market, i think this is a consolidation phase, right. Big recent gains in front of record levels for the major indices. Headwinds versus tailwinds. Narratives staying with this market the last two months. More or less on hold. Leaves investors won
Because they keep getting it right and individual investors are listening to them. Dave portnoy and tom lee. Big tech getting ganged up from both sides left and ride. As social media execs say they will go to the hill and plead their case. We will have congressman guy rest send thaler. That and much more on making money. Charles folks it is a familiar pattern. Nasdaq higher, dow and s p lower somewhere stuck in the middle. There are two buckets of buyers out there, chasing hot Growth Stocks which seem to get higher upgrades and targets every single morning. In fact this morning jeffries raised their target on tesla, they think it is 1200 bucks. Yesterday they thought it was 650. There is another bucket of folks to look to buy value names on dips. Investor psyche on display before the open when ceo of delta told folks on the conference call, shareholders that 500 employees contracted covid19 and 10 died. Airline stocks and boeing swooned but keep in mind that company has 393,000 employe
This moment . Expert analysis how you should be positioning your portfolio. Has a deal within reached in washington for more stimulus . Could it be mean more testing and stimulus . Well have more and the answers coming up on making money. Charles markets down for a second day in a road. The hardest hit sectors are not oil. Technology stocks getting absolutely slammed today. We knew after this huge bounce a pullback was inevitable but how deep will it go . How should we be positioned for this . I want to bring in capital wave strategist shah gilani and Divine Capital ceo, dani hughes. Shah, let me start with you. That was amazing vshaped, sharp, strong, stock market recovery, more than probably anyone had anticipated but everyone knew we would pull back. This is part of it. How are you positioning yourself as some people made money buying on the first deep or eager looking at the second dip . If you were lucky enough to time that to get in i wasnt, good luck to you, but i would suggest
Melting. Why are the highest temperatures of the decade essentially the hottest temperatures weve seen on reco. Eve actually been in a hiatus since t late 1990s. Charles joining me now one of my favorite climatologists peter morici. Peter, the fact of the matter this wasnt even about climate, was it . It was about economics. Absolutely. This deal was a terrible deal. I wrote that in the watch man times two years ago and on foxs website and so forth. I mean, basically it committed china to start cutting back co2 emissions in 2030 and until then, it could grow. Heck, our emissions are lower now than 1990 because american industry has been responding on its own. It does not need the administrative states. By the way, i have sandbags by my back door. And they didnt get wet. Charles yeah, i got i am on a rowboat this weekend, though. Ill keep it somewhere in the house, maybe the garage just in case. It feels to me, peter, and maybe you can help me here. Former president obama and europeans