Yeah, President Trump started promoting mask wearing on twitter. A major shift and the stocks have been fitted from a reopening economy are higher today and thats how the dow jones gained 160 out performing the s p 500 but trouhe nasdaq. the cramer covid19 index is out. The recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say its patriotic to wear a face mask when you cant social distance there is nobody more patriotic than me, your president. End quote. Well, kind of the only one why does it matter because President Trump is the de facto leader of the anti mask faction. Thats why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. That emboldened people to take ridiculous stands against mask mandates invoking the first amendment
Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
TheChristine Lagarde says ecb could need fresh stimulus. Shery a quick check of the markets closing, we saw fluctuations in the session. The s p 500 moved higher in the last hour of trading or so, moving to a record high. At one point it fell to session lows after we heard from the cleveland fed president loretta mester, saying she was not ready for cuts yet, which sent markets lower, but Communications Stocks are leading the gains on the s p 500. Volumes were lower, heading into the fourth of july holiday. Wednesday is a shorter trading day as well. The nasdaq finished 0. 2 higher, and u. S. Futures are unchanged at the moment. Lets see how we are setting up for the markets in asia. Kiwi stocks are under fire this morning, and looking at a potential retreat at the start of cash trade in tokyo and sydney. The aussie dollar staying steady this morning, in the wake of the rba rate cut. The governments secondhalf Economic Forecast to consider later today, export data looking shaky and poi
Uncertainty including the delay havee tax reform bill, we stocks. The bull is marching on. Btv 287,e a look at this represents the monthly gain for the dow. The dow has had its best months since february. The same thing for the nasdaq going to july. A strong october. Look at october of 2016. Big decline. October was a strong month. We have been having a strong thirdquarter earnings season. Oil tradingave higher after a bullish api report come a helping big names trade higher. Nearly 55 a barrel, pretty amazing. Above the 50 mark, psychologically important. In the best longest winning streak since july, we have some big earnings movers. Lets take a look at what some of the top stocks were. Including estee lauder and concorde resources. Earnings by put up 25 25 . Resources, clorox, their view is the midpoint trails estimate, but lots of strength here for these companies. Fueling those records, breaking news on the middle east. Its alliess asked for financial assistance, trying to repleni
And the health secretary, jeremy hunt, are chairing a meeting of the Emergency Response committee, cobra, this morning, to discuss the handling of the cyber attack, which hit parts of the Nhs In England and scotland on friday. Dozens of hospitals in england and scotland have been forced to cancel some operations and appointments today, and some gp surgeries are still experiencing problems as staff begin a new working week. Lincolnshire hospital said all tests, and routine surgeries have been cancelled. Meanwhile microsoft said governments around the world should treat the attacks as a wake up call blaming them for storing data on Software Vulnerabilities which could then be accessed by hackers. Its thought over 200,000 computers have been affected worldwide with russia hardest hit. In the past half hour the National Crime agency has tweeted this saying if youre a victim of ransomware do not pay theres no guarantee that access to your files will be restored. Here, security minister ben