It is still a vacation week for many. We saw a lower volume last week and is characterizing trade. We are getting a little bit of steam as we head further into the session. Up 0. 2 . Nd s p overall, marks do feel a little stuck in neutral. Markets to feel a little stuck in neutral. 714. This is something bloomberg saw in a story today. It has been 10 months that the s p 500 has gone without making a new high. Despite the recovery, it is still 100 100 points below a record. Something that is relatively unusual. It is the longest streak of this kind of thing, not making any new highs outside of a bear market since 1995. We go back to 1976 and look at the bear market and these streets we have had, stocks going without making you highs streaks we have had, stocks going without making new highs. If you look in the performance of averages, we are still se eing gains in the dow and the nasdaq is the laggard on the year. Given the fact that technology tends to be the leader on the up and down
We call it trough. The concept of trough is one i want to introduce you to tonight. It means the revenue and profit numbers that these companies that have been going down down down for ages have most likely bottomed. Going up yet again today. Nasdaq declining. 40 . Another story. How can you tell the trough which is the key to buying the stock at the right time. How do you know youre at a trough. Now, something i learned at school. When im confounded by difficult questions like this, i always like to default to my betters, to someone who knows more than i do. Namely, tina turner, says theres two ways to get the job done. You can get it done the rough way or the easy way. Unlike tina who says, we never do nothing nice and easy, we do it nice and rough. The chatter tells me whether weve hit trough numbers. Were going to do the finish rough. Never losing a minutes sleep. This morning Goldman Sachs, i used to 12 for the man. Reported numbers looked horrendous. There were no big wheels turn
This is ktvu mornings on 2. 7 00 on this wednesday, november 11th. Veterans day. Lets talk about our weather and traffic. We should bundle up. Yeah. Its cold and fog. Generally its cold. Frost advisories are out north and south. There are a lot of 30s. But at sunrise is when we get our coldest temperatures. A lot of low 30s here. Highway 280, Crystal Springs reservoir, watch out for that. Morgan hill is 33 cold degrees but feels like 28 degrees. William, vallejo currently 39 degrees. No wind. Frost on the roof. Im getting a lot of reports of that this morning. Santa rosa is 32. Palo alto in the 30s. Livermore and fairfield down to 34. To the north, a lot of 30s. I did see an upper 20. Windsor in the 30s. Petaluma. Thick fog around the park as well. Some 30s near novato. I wouldnt be surprised if there are 30s not far away. San jose area we have the frost advisory out. And a lot of reports of frost on the roof. Once we get cranked up here, it will be okay. 11 in tahoe. 13 in truckee. Su
Security team, National Security team the 4 Big National Holiday like the one we are about to experience tomorrow. What is out of the ordinary is to have that meeting after a terrorist attack like the one that was planned and executed in paris. Officials are said to be worried, we will hear more about this, they are said to be worried about copycat attacks, copycats of what happened in paris. Bolognese nothing is flash on your screen, that is white house talk for a plea to minute warning to the president. So we will see if he does that lead to minutes from now. That said the white house has been careful to point out before the meeting took place and the last couple days that they have nothing specific, no credible or specific threats against the United States homeland. In terms of a copycat attacks there were reports the visible and sent to 18,000 Law Enforcement officials warning them about homegrown threats saying these lawenforcement officials should be even more on the lookout than
Here in the u. S. As you might expect. Or as the futures were indicating. Lets start in china. If you look over the past week or so, we have the shanghai composite. The Circuit Breakers triggered on monday and today. I want to zoom in on today and what we have seen overnight. Only 29 minutes of trading. Stocks,op in chinese 7 . That closed the market for the entire day. Drop in u. S. A 20 stocks to get a full day closure. But the chinese authorities have now suspended the whole idea of Circuit Breakers for the moment. All of this happening as we once again saw a devaluation in the chinese currency. Lets take a look at that chart as well. This is theling dollar versus yuan on the day. That is what sparked all of this. Concerns about just how worried they are about chinese growth. Betty they are indeed. Chinese Growth Prospects are spilling over into other asset markets. Oil prices tanked not all of this. Julie oil prices definitely tanking. We saw it trading at its lowest closing since