Here lea lets debate that today. Good to see everybody. Lets take you right to the boards and show you where we are trading. The dow is at 23 about 300 point gain S P Still Holding on the a 1 gain as is the nasdaq. Theres a russell at the far right hand side of your screen up just about 2 all right, jim, youre holding onto this cash we have come a long way from the bottom s p is up 26 . Nasdaq up 25 take stock of where we are and where you thip we may nk we may here taking stock of where we are, the price market has priced in var shaped recovery in economy and profits. That shows that 2021 earnings, they are looking for the best ever i disagree with that i think you will see a recovery in 2021 but not a v shaped recovery, a u shaped recovery. As the stock market comes to grips with that, im still preaching caution and patience i see the move today and yesterday. I have the 12 cash. I feel a bit uneasy about it i got to say i expect more bad news on the virus, on the Economic Impact and
This demo. And also just figure out whats going on and on the judiciary, we actually together to arrange the everything for elections within 60 days from today. And definitely be some of the actions to pick the next president for these dont have to call me the one in this time, 2 months from now rhonda pockets on, on the 11 own have declared a National State of morning following the crash nations are expressing that supposed to admit the tragic death of the arabian president , remembering him as a strong leader as an outstanding individual among them fellow briggs, member of south africa, the ministry and department is deeply sho, inside and at the reports of the policy of these excellence, the prison, tracy, of these allow me for a public, ill be wrong, as well as my colleague, the minister of do, i mean the minister of Foreign Affairs of these lumnick republic. Ill be around their policy on very tragic circumstances. Just causes us to express our deepest condolences and sympathies to
Tesla have done, but if you are worried about next weeks earnings, well tell you how to protect yourself. The action begins right now. Lets get do it. The nasdaq 100 posted the longest winning streak since 2009. The index hit a high thanks to earnings from amazon and alphabet, both soaring to record highs. It aint over yet. Next week is apple and facebook. Facebook hitting an all time high today. Apple trading below it both stocks implying big moves with the potential to spark more than a 40 billion shift in market cap. Should you continue to bet on big tech and which is a better buy right now . Apple or facebook . Lets get in the money. Dan what do you say . I think the earnings we saw last night from amazon, google, microsoft, should lead you to believe we wont see massive surprises next week. The Way Investors are positioned, we know they are overweight. They are massive gainers, driving that massive outperformers. The nasdaq is up 12. 5 , versus the s p up 6 yeartodate. I hate to b
And it could spell trouble for stocks. The action begins right now. Sweet dreams are made of these sweet dreams on a friday evening. Lets get right to it. Crude oil fell 4 this week even as stocks continue to make record gains. It could, weve seen it the last two years. The fed hinted were going to start to taper. Bond purchases and qe and then last year when they were going to end zurip. We saw commodities get hit very hard and then the knock down effects were obvious. We saw people start to be concerned about the potential for some sort of credit contagion associated with the crude oil. Irlike to look for trades where people are not too focused here and there is a potential big bang for your buck. Thats why at some point i want to look at high yield. But right now, its a weird setup here. At one point, you know, oh, you go, the better this is. The better maybe the recovery is. What we know is. This the bottom improved. It is very analogous to what happened in 08 and 09. We may have c
And it could spell trouble for stocks. The action begins right now. Sweet dreams are made of this sweet dreams on friday evening. It get right to it. Crude oil fell 4 this week. Even as stocks continued to make record gains. Could this crude conundrum trickle into other areas of the market . Lets get in the money. Well, it could will be weve seen this the last year. Weve seen it the last two years since the fed kind of hinted they were going to start to taper bond purchases and qe. Last year when they were going to end zerp. What happened we saw the dollar rally and commodities get hit very hard, crude in particular. The knockon effects were pretty obvious. We saw people start to be concerned about the potential for some sort of credit contagion associated with the crude oil pacts. To me i think were at a place now, s ps making new all alltime highs, the spot vix at near 52week lows. A lot of levels of accomplice essence here. I look for trades where people arent too focused, where the