Trades, and george soros, and the purchasing, and what are you seeing . Well, as far as june when we were watching the unusual activity, it seemed that people were looking for the places to be, and that they find to be defensive, scott, and it seems that everybodys at least sounding an alarm about, hey, look, we will get a pullback or the easeback or something, 2 , 4 , 5 , and everybody has their own percentage, but the folks piling into the gold, when you are looking at the list some of the smartest guys on wall street. So put it this way, are they on to something, and gold is up almost 20 yeartodate, and the pete says that the miners, and the gdx, nearly doubled 90 , and the junior miners up more than double, and so are these guys on to something . Well, adding on the what pete said, they are very smart guys. Not only are they smart guys, but not just smart guys pontificating on what they believe that the market is going to be doing, but they are putting billions of dollars to work i
Addressing his departure on twitter this morning. And brexit polls from the uk cant seem to lock down which way thursday will go. And then theres George Sorros issuing a major warning against a departure, even David Beckham is weighing in. But first up in about an hour from now on capitol hill fed chair yellen will kick off two days of semiannual testimony on Monetary Policy and the economy. Today its before the Senate Banking committee which is expected to grill her on everything from rates to brexit. Of course well bring you live coverage once the fed chair begins her remarks followed by the q a session with lawmakers. Some discussion it might be more contentious than usual even with her recent comments in the meeting last week. On both sides a lot of people saying get it over with. Admit things are weak and what are you going to do about it. What is she going to do about it . Its not up to her. Look at germany last quarter very interesting what the finance minister say. Look, we had
Stocks as well. Were going to dig deep sbeer the pullback throughout the next hour here. Tesla shares were also getting hit on the back of reports of a suspension problem. Now, the automaker is vigorously defending itself in a statement. Well bring you all the latest details coming up. Meanwhile next week apples Worldwide Development conference getting under way. It could bring an interesting announcement in an area youre interested in. Ipayments. I think you invented that word. Is that it . Ipayments . I made something up . Wow. I have no idea. But we will find out from our josh lipton what they might have up their sleeve. Lets start with the broader market. Yield collapse strengthened. The tenyear yields in germany, japan, and switzerland all hitting record lows. Just stunning. And the tenyear yield here in the u. S. Continues to drop falling to its lowest level since february. This yield crush around the globe all happening at the same time the s p had been climbing back toward allt
Panicking panicking, the next time youre thinking about selling into the crowd, think about what happened this week and remember that panic is never a strategy, given that we all ended the week in a positive note. Nasdaq climbing 4. 41 . And amazingly, the best week of the year. Still, people certainly panicked on monday, that was the second big down day after brexit. Upon was the seventh biggest day of redemption on the stock market in the last ten years, seventh. 9. 5 billion pulled out of the Global Equity funds. No matter how hard that i preached that nobody ever made a dime from panicking, and selling on monday was pure panic. People cant take it. They dont fknow what they own. It was right to minimize its impact on u. S. Stocks. The companies away from the banks, Interest Rates did get hurt. Sum total of little significance. However, we caught a classic, emotion out rout. You had to buy, not sell. Or at least you had to stay put. All right, what were the news cues that the market
We want to show you then how some of the fun and games developed with the twitter hacker after this had come up. After this had been taken down, the tweet about Roger Goodell, we also saw some, again, some interesting tweets coming up from the supposed hacker that also said that, oy, dont take this tweet down. We also saw him come back and tweeting again from the nfls verified account saying okay, okay, you amateur detectives, something along that line you got me. Interestingly enough here, this is, again, one. Latest string of highprofile attacks that have gone on with twitter. We want to point out, of course, that Roger Goodell is alive and well and the nfls Public Relations department did put out a tweet saying as much as soon as these tweets were discovered. Right there you can see Brian Mccarthy, nflpr. The nfl twitter account was hacked and the nfl commish is alive and well. What we want to point out, again, is that Roger Goodell, the nfl commissioner is alive and well and that t