You guys know better that not nasdaq indicated down and s p anyone doing a secondary in your ipo is unparalleled. Down by one. That is a testament to the investors we brought into the down was down by 180 points ipo that believedin us again we did that a month ago over the yesterday. Every move we see seems to be premium of the price trigger by the moves of these the larger conversation being had about investors i think trade talks. There is a difference here lets look at the treasury this is why i think this is succeeding a, not only are you nailing the market the 10year looks likes it numbers, but, b, because you are yielding 1. 592 . Only for five years and you had to take in crazy amounts of 30year about 2. 1 money prior, right dont you think thats a huge part of this i do. I think we had very strong investors previously when we were a private company in todays environment, if we twoyear trading at 1. 462 needed them to do a 100 insider one Earnings Report of note today, Delta Airl
Youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. Were up for a second straight day but hold your breath maybe things will change tomorrow. You cant get obsessed with it you have to either have to be a long Term Investor or day trade. Very difficult at this point look trade is obsessing everyone i cant wait for earnings. Im super excited to talk about banks. Im watching technology today. Technology is 26 of the s p 500 waiting. We have gotten a couple of surveys in the last couple of days that suggest i. T. Spending is slowly. 4 this year, 3. 4 next year you have to start to be more selective in technology. Again, a big component of the s p. I still think you want to be in semis, cloud and security. You want to be very specific on software and hardware. We had a lot of calls cash coming after the close last night two days in a row of gains and almost all sectors positive both days so within
Trade deal with the japanese but talked extensively about a trade deal between the United States and china given negotiations are kicking back up this week. The president was asked if he would accept a smaller deal rather than waiting for that grand big deal that hes been pushing for. Heres what he said. I think that we just have to see what happens i would much prefer a big deal thats what were shooting for can something happen maybe. In guess its probably unlikely reporter i also asked the president whether or not he told xi jinping as has been reported he would remain quiet about the hong kong protest during the course of these china trade negotiation. The president said no i didnt he said were new yorkgotiating. Politically it would be very tough. The president going on at some length here about the protests in hong kong and admiring the american flags, the trump signs he sees in the crowd and admiring pro democracy protesters but ultimately saying that the protests in hong kong an
Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happened when President Trump was in front of the u. N. And talked tough on china, mark and the results from nike this afternoon would probably give some investors some hope that perhaps there are companies that could buck the trend is nikeidiosyncratic. Its been the consumer that has driven the market and the entire world not just the u. S. Is relying on the consumer the consumer has been strong and rye sell yents in the u. S. A lot of these consumer names are still strong a lot of them are hitting
It is like a gulf. This is not separated in terms of politics. Actually, ill take this side. Im really not sure you may be closer to me than him this guy is a nut. Im going to need a lifeline. We could put Chris Christie in between us. Lets check on the markets this morning. You know what i didnt look at today, constitutional crisis concerns looking at the stock market, i cant see it there up 115 points on the dow jones the nasdaq up 41 treasury yields up 71. My mind is wandering the predicted volume and money is very small. I checked the odds of impeachment. They are up 60 cents odds that trump does not finish his first term or odds he does finish is 80 . At 4 00, there is a meeting. Maybe it is one of those situations you do it and hes not removed. How do you read that im no expert but saying this is a political decision. Impeachment is a political decision bringing charges is different than a case. They have an election in 2020, they may just want to wait for that i would think so.