Buying there. Nasdaq 100 highest since june. Those are some of the Tech Companies im keeping my eyes on. We are looking at a pretty broadbased rally. You can see nine out of the 11 sectors are green, showing a broadbased rally. I want to look at some of the tech stocks and some of the big companies. Not a lot of news behind that. A note this morning from experts saying President Trump after his turning at night was new leaf, showing the can listen to leaders and perhaps getting some criticism, showing he could really listen in terms of when it comes to routes on the ground. Also feeling that as we round out the other asset classes, we are going to look at the dollar index because we are waiting jackson hole tomorrow, a speech from mario draghi and janet yellen. That risk on yield pushing the dollar up higher, about. 3 . Maybe we can look at tax reform now. Finally, we are looking at the 10 year yield. The Central Bank Governors that will be speaking, we have been hovering around that 2
Buying there. Nasdaq 100 highest since june. Those are some of the Tech Companies im keeping my eyes on. We are looking at a pretty broadbased rally. You can see nine out of the 11 sectors are green, showing a broadbased rally. I want to look at some of the tech stocks and some of the big companies. Not a lot of news behind that. A note this morning from experts saying President Trump after his turning at night was new leaf, showing the can listen to leaders and perhaps getting some criticism, showing he could really listen in terms of when it comes to routes on the ground. Also feeling that as we round out the other asset classes, we are going to look at the dollar index because we are waiting jackson hole tomorrow, a speech from mario draghi and janet yellen. That risk on yield pushing the dollar up higher, about. 3 . Maybe we can look at tax reform now. Finally, we are looking at the 10 year yield. The Central Bank Governors that will be speaking, we have been hovering around that 2
Welcome to bloomberg markets, middle east. We are seeing asian stocks falling for a second consecutive session. The dollar rebounding slightly. The optimism we saw earlier after trumps election victory is starting to fade. The dollar is trading near the lowest levels since november. A lot of it is about the u. S. Dollar. About where the economy is going. Take a look at this chart. It is specifically showing we january retrenchment in which leaves us with optimism below above preelection. The initial drive higher was off of the back of the promise of fiscal spending but the reality. S the line in yellow following the market was looking for 112. 8. What is needed now to sustain these kinds of levels is more clarity about fiscal policy. Everything depends on the pace of income acceleration to a larger extent than any optimism about the economy. Expectations may be coming down. What is interesting is the move between oil and the dollar. Take a look at my chart. That oil and the dollar are
That is what we have up the moment. They are likely to restore the ideological balance. It was left a vacancy and hasnt been filled yet. Have a republican appointee with a decades long record on the federal bench. Just waiting at the moment for what is going on there in formerly of breitbart news, talking to a colleague there. This is what we have as we await donald trump to get to the lectern to announce his Supreme Court nominee. Repeat, the two names are neil gore such of denver and thomas hardeman. People are standing up. One can assume that donald trump is approaching the lectern. President trump thank you. Thank you very much. Thank you. Thank you very much, ladies and gentlemen. When Justice Scalia passed away suddenly last february, i made a promise to the American People. If i were elected president , i would find the very best judge in the country for the Supreme Court. I promised to select someone that respects our laws and is representative of our constitution and who loves
To get our attention. Joe, its up 43 in a year. Its been running almost every day since the election. So its not necessarily the best place for your money but it is one of the places for your money and it should be there. Well talked a couple of weeks ago heading into earnings about the importance for Financial Institutions to contribute once again. Understand the russell index, not the etf, iwm, russell index has signature cant ificant exp. Mid 20s. You are seeing the appreciation of financials. Both jim and josh have talked about the disappointment that investors felt a couple of weeks ago. Financials once again with are good. 2 to 10 spread, thats moving in the right direction once again. Tenyear treasury lifting. These are all good conditions for the financials and russell index. Why not . Its its not when i say not the best place why not . It is one of many places. I think to have an overattraction to any asset class, thats not the right discipline or Risk Management strategy. Jim