And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in
Volume and a lot of participation, meaning you had a significant number of names in the bank index, all breaking above 50day, 200day moving averages you knew it was on and you knew they would chase these names, because they do it every time. And it didnt have to necessarily coincide with good earnings, but the fact is you had good earnings, and look, i dont see any reason why you would look at this and say, this is a negative. Again, banks are 15 of the s p 500. Theyve been biding their time that is not like something thats been going on for years and years and feels long in the tooth. It could just be beginning and when you look at individual names, youre still seeing stocks at substantial discouns s to the rest of the market on almost any market you want to go by, whether its peg i think theres legs on schwab, i own jpmorgan and like mastercard but as you heard when Lee Cooperman was sitting with us yesterday, he went down a list of some of the biggest banks around and said hes waiti
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