Yesterday, we were on holiday. Barratt developments today decimated on how you choose to define that word. Most of these declines look exactly the same as far as the size of them yesterday. We had yet again a record low yield. That is really the story of the market. Look at that. Down to 1. 38. Extraordinary decline in yields throughout the world. Matt it has been destroyed in two weeks or depending on what you choose. It means down by 10 as well. Decimated. We see a 130 handle on the british pound. It brings it to less than 170. Joe the 10 year chart has been slammed. It level in nine years. Planting very high levels. Youve also got a look at oil. Day. On the more signs of rising stock. Enoughot going to be hot to use your ac. The chartshow you that ive got here, joe. Pricetobook is less than. 1 . I have compared it with Deutsche Bank which looks like a real winner. This bank in its third bailout possibly right now. And worth less than one billion euros right now. I want to take a dee
Higher. Amy we are on track for fourth day of gains but the rallies we have seen over the past three days definitely seem to be petering out. The dow and s p are up a little more than a 10th of a percent. Lets go and see what is happening intraday on the s p as well. Brexit,e, ever since for the past week, we have pretty much recouped our losses. Down half a percent since brexit hit. I want to show you what is happening in terms of sector health. Over the past three days, we have seen green across the board in terms of our 10 sectors but today we are seeing this nearly even split. Four sectors in the red, financial down the most by half a percent. Utilities down by. 4 . Consumer discretionary up the most by. 8 . Health care also up by about. 5 . Auto stocks, we got some june numbers for sales in the u. S. General motors, ford, Fiat Chrysler moving higher today, up by 1. 5 , but the interesting thing, for gm and fiat, their sales rose less than expected. Some of them were a miss. Genera
Manchester New Hampshire this , afternoon where he delivered a scripted speech on trade policy. Remarks,d his reporters like us were flooded with press releases from the Trump Campaign filled with facts and figures to bolster trumps message and reinforce his remarks. Donald trump when you have large numbers of unemployed, bluecollar workers, incomes go just gountry, not down across the entire country. When you force them to compete with those earning one dollar and our overseas, our whole standard of living goes down. So are middle class has lost 10 since 1970, and gdp controlled by workers has steadily declined and shifted to corporations. So we became the richest economy in the world with of the biggest middle class in the world by becoming the biggest producer in the world. Once unlike what was Standard Practice not a single , station had trumps event live today. Does this make it seem like a normal political operation, how is it working out . Mark the press and a lot of people in t
An incredible, breathtaking bounceback. Briggs it came and went. Brexit came and went. Some interesting moves i wanted to check out. Banks are one of the biggest parts of the market to Pay Attention to as we assess the fallout. Solid day yesterday, a little down today, also down in bank of america, but most everyone did well with the stress tests. These banks did solidly on a week as everyone is looking at the financials. The entire banking complex was up on the week, very solid. , one of thetime laggards in the market in the materials group, up a little bit today, but overall only up six tens of 1 on the week with some pretty big losses in the fertilizer and chemical companies, including dupont. Joe lets talk about the Government Bond market. Yields just keep going down. U. S. 30 year yield hitting new lows. Year isd on the 30 where the 10 year yield was at the end of december. Im going to talk about currency. Im going to talk about the russian ruble. There is a look at the change. Th
The best week since november, which is kind of shocking compared to how things looked after the u. K. Vote. Not seeing as large gains, but continuing the trend weve seen the trend weve seen in the past four years. Manufacturing data showed the biggest expansion in more than a year. We also got more positive manufacturing numbers out of europe. Take a look at the biggest gaining groups today. Consumer discretionary is leading in part on the strength of automakers, health care, industrials, and tech is also higher. And we see more expensive groups like staples and financial groups lower. Withd fiat both came out june sales and their sales are higher. Because of the strength of the sales we did see you were in suv, a highermargin product. We are also watching gold today. Gold going higher. We see the miners benefit as well. In particular, Newmont Mining gaining. Twofold froming the price of gold and from that deal. Also a lot of news and the m a sphere. Julie it has been an interesting an