Be the next big short, real estate four reasons why we are asking that question tonight. First, the jobs market jobless claims coming in worse than expected pointing to an uptick in layoffs. Plus a stimulus stalemate, Goldman Sachs slashing its numbers in half as Congress Stalls on a stimulus package many big businesses rethink the need for large office space. When you put these factors together, is real estate a house of pain . Could it be the next big short tim . Well, maybe number five are those new home Sales Numbers that came out today that showed the exodus out of the northeast into the south is very pronounced youve basically doubled the amount of new homes in the south region from april from around 330 to 630 northeast isnt growing. A lot of these are major metropolitan areas and a lot of these are a function of the work at home. With that, i think this is something thats very, very concerning also, as with markets you have to look at the commercial real estate a function of wh
Taken individually they can mislead us but taken together they are like high beams who can keep you from straying into the wrong and dangerous lane [ screaming this was a good day for the bulls. Dow gained 3919 points nasdaq advanced 5. 2 more importantly, though, every single stock, on my go list like the go pattern in football, a go list was up today. Meaning that something very big could be afoot that is highly unusual whats on my goal list im talking about the companies that are doing okay right now. But if the pandemic were to end or be behind us, theyd be putting up breathtaking yearoveryear comparisons and we care about yoy, year over year by the Time Next Year well have found a way back to normal or at least an almost normal situation. And its probably going to happen much sooner than that im going to rip down that list to show you what a go pattern looks like but before that buyers have decided that science will beat covid sooner than expected so youd better get on board or mi
The fed laid out plans to buy up individual Corporate Bonds this as the emergence of new coronavirus hot spots around the country add to fears of a second wave so why, guy adami, are markets seemingly so immune to these concerns is that actually a good sign for this rally no, its not. But before i have to i would be remiss, melissa, if i didnt wish the b. K. , the bitcoin baller a happy belated birthday. His birthday was yesterday do you know whose birthday is tomorrow i wont keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book the wealth of nations in college. You probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and im going to get added by everybody. To think this market is at all free market is a fools folly. The fact that we rallied into this announcement by the fed, which we all saw coming or they announced it prior shouldnt really surprise a
Talks on china and slacking off another red hot startup about to make its market debut. Its all happening on this thursday, june 20th as Worldwide Exchange begins right now. All right. Good morning, good afternoon, good evening wherever in the world you are. Im Brian Sullivan thank you very much for joining us here on Worldwide Exchange. This, my friends, is the chart of the day bonds getting bought the yield on the tenyear note exactly at 2 , but earlier this morning it actually fell below 2 that is the First Time Since President Trump was elected that we have seen a sub2 yield. This should drive down borrowing costs. If youre looking for a home, it could make mortgages more affordable well have much more on this coming up. First we have to get to our breaking news. U. S. Officials confirming to nbc that a u. S. Drone has been shot done over the strait of hormuz iran claiming responsibility the Iranian Revolutionary guard says the drone was shot down after it entered iranian airspa ai
Have an exogenous event that drags down the whole mark and always say this could be the opportunity to get your toe in the water if youve got some spare money lying around yet after senator marco rubio said he couldnt vote for the tax bill the market took a hit and dow ultimately dipping 77 points s p declining 0. 41 and nasdaq edging down 0. 28 . How many took this moment and treated it as a buy, buy, buy im betting most of you didnt i dont want to get in front of this d rail freight train. Not after weve rallied hundreds of points based on the idea this tax bill will pass yet, the risk of being a pollyanna, id like to point out this is precisely the kind of event that brings out mass sellers, especially in the s p 500 stocks, well, and then creates the momentarily proverbial sale. Sell, sell, sell. On coveted merchandise you would otherwise have to chase to own and always say, look, theres a store that throwing a sale in the mall and, hey, lets get mothballs and im a buyer. Same kind