2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Source sores soars. Australian markets have just open for trade. Lets turn to sophie for what to watch. Sophie its hitting the Snooze Button with markets little changed to the downside. Aussie dollar just retreating a touch. We are also keeping an eye on what is happening with the u. K. Election taking place thursday and india very much focused as we get Health Checks on the economy. We are also waiting on japanese machine orders. We have singapore on the docket as well. Paul thanks very much. Lets check in on first word news with ritika gupta. Ritika the u. K. Vote later thursday in an election that will define its relationship with the eu for years to come. Brexit has been the central issue in the campaign with Prime Minister Boris Johnson insisting the contingency board will only happen quickly if the conservatives turn a strong victory. Uncertainty surrounding brexit has led to eu leaders hoping for a johnson win so the negotiations can come to an end. We will have special extended
Applico liquidations as prices fall. We look at what is behind bitcoins volatile moves. Gearing up to be the biggest ipo of the year. Chipmaker arm is set to line up 28 banks for Public Offering. We will bring you the latest on the company and who else is arguing the ipo. Its been a volatile week for markets. Abigail doolittle, you do it so well. Abigail we have had stocks all over the map. Apple flipping to the upside, down earlier sharply, weighing on major indexes when they were down across the board more than. 5 . At this point, apple is up slightly. We have heaviness on the market from other big tech names like nvidia, microsoft, and metaplatforms. Nvidia will be reporting next week. Will the stock that is up more than 190 on the week, will the results really deliver what investors are looking for relative to ai. The week is certainly risk off. Stocks down for a third week in a row. The nasdaq 100 is down 2. 4 . Its off of the lows at the lows we were heading to the worst week sin
For nvidia long my favorite stock one i always say to own, dont trade. Yet i keep hearing about how to trade nvidia should you go long or short . The greatest avl intelligence play of our time one thats already changing the world with its borderline miraculous semiconductors. Should we declare victory, sell the darn thingup here . Maybe buy some more. And then it hit me why dont i just tell a dad joke so here goes [ rimshot yeah that is why my sisters names rose because your mother loves roses. Thanks, dad. No problem nvidia hallelujah plunging 606 points. Nasdaq tumbling. Nasdaq losing. 39 prs. We have to recognize there was one stock of one truly Great Company that frankly has nothing to do with the dow or the nasdaq or the fed for that matter that stock is nvidia it is quite simply much bigger than a Semiconductor Company much bigger than a can p, much bigger than the platform i owned my late rescue dog after because i didnt think enough people owned the stock. Who is nvidia, what i
Rishaad what a rally it has been so far in january. Lets have a look at what has been going on with china. Hong kong versus shanghai. Bringing up a chart for you. Main equities may be in the shadow. The benchmark is notching up and moving, closing at its highest level since 2015. It has been a rock and roll ride. Rough 2016. A it sparked off some panic. Eight home 2017. 20 17. A call lets not forget hong kong. Its a redhot stock market. Looking at this tends to show you what happened here with the momentum building up as we head further into the year. Perhaps more games to come . That is the big question. Haidi particularly as the market looks at the rise of china. It is a global synchronized growth story. Speeding through the earnings season. That is where we all record highs. They had so much momentum coming out of the u. S. Targets. Over 18 have beat estimates. You can see that coming through. Looking at the asian session, we are preoccupied with a few things. Apple supplies. When t