Negative territory down by. 2 . The dollar gaining strength and crude is all over the place. You wind up having opec leaders meeting and talking about maybe extending a deal through 2022. That comes from the Saudi Oil Minister. So the oil market is trying to digest that. The big news has been what is happened with apple. A 2 trillion market cap. We knew it was coming and now it is official. Isning me more is the but you are global on fx, apple, what do you do with that . Anne from a fundamental equity standpoint i cannot have any comments on all, that i would stay that say that this level of market cap is a success and that there Monetary Policy policy easing, the giant firehose of liquidity as well as actions by the European European Central Bank and bank of japan has bouyed the equity market and we are seeing a little bit of a rally and everything. We talked about that before the virus and it is interesting to see that we are back at that point and it reflects a tremendous amount of
Stocks were going to rebound from sharp declines, but that has not quite materialized. The nasdaq is underperforming, and that has been the case for a while now. The eighth day we have seen the composite decline. Here is the nasdaq 100, down nearly 10 . Indeed, whether you are looking at the composite, which is already in correction mode, or the nasdaq 100, which is poised to enter a correction later today, we have Seen Technology lead declines during this current downtrend in the market. Look at the stocks point wise that have contributed to declines, here they are. Is todays trade. Apple, you can see, is bouncing back after some recent declines. Microsoft, amazon, facebook, and others round it out. They have declined, they have really helped drag down the nasdaq and the major averages. David the other big story today is oil. A huge story. It is astonishing, the percentage decline we have seen in oil, not just today, but over the past several weeks, after already seeing a very weak 20
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