Because we lost control of covid19 today went higher. The the s p gaining and nasdaq gaining 1. 02 . Hospitality and leisure. Has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. On the one hand we know the cavalry is not coming. It is going to be in the form of at least one, pfizer vaccine, wont reach us until spring. In the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and Applied Materials and walt disney which needs no introduction. It is looking like well have a smooth transition from the Trump Administration to the Biden Administration thats a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. I am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine
Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Gaining. It is time to admit that conventional wisdom has been wrong every step of the way. In this market, patience is not a virtue discipline cluster of fortune. Buying the most obvious stock, well, that has been a strategy that was easy i struggle about how this is possible i am not used to a mark that reward investors being late to the party. We found out moderna has a vaccine that may work better than pfizer. Thats getting off the table we got uncontrol spread over america. And mayors and governors refused to shutdown the bars and restaurants. Those are the main places we are getting infected no, it is at home, jim this pandemic is steam rolling us the prospect of a vaccine keeps on plotting it and shutting everything down. I am sure you are wondering, given the numbers that we see, how is that possible first every now and then there were moments that well stood on our head. Time like these is not sell. You must be willing to suspend judgment how far stocks can reasonably go. Than
Of homes destroyed, hurricane iotas trail of destruction. We sold all of our turkeys in two hours. Plus, downsizing thanksgiving, the demand for small turkeys and the extreme measures farmers took to deliver. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening, we have new covid19 reporting on two fronts, one, more Covid Patients are dying, a doctor raising a red flag about Vaccine Distribution his point, rampant covid spread will make getting the vaccine administered very difficult. That from dr. Ashish ja, who will join us live shortly. The death rate is rising, Public Health officials call it alarming, 2,015 people died yesterday from covid, the day before, it was 1848, the day before that, 1,707 rapid alarming death rate. And look at this, the third week of july, right at the peak of the second wave, 863 people died on average per day this third week of november with cases still rising, an average of 1,335 people die on an average per
Of homes destroyed, hurricane iotas trail of destruction. We sold all of our turkeys in two hours. Plus, downsizing thanksgiving, the demand for small turkeys and the extreme measures farmers took to deliver. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening, we have new covid19 reporting on two fronts, one, more Covid Patients are dying, a doctor raising a red flag about Vaccine Distribution his point, rampant covid spread will make getting the vaccine administered very difficult. That from dr. Ashish ja, who will join us live shortly. The death rate is rising, Public Health officials call it alarming, 2,015 people died yesterday from covid, the day before, it was 1848, the day before that, 1,707 rapid alarming death rate. And look at this, the third week of july, right at the peak of the second wave, 863 people died on average per day this third week of november with cases still rising, an average of 1,335 people die on an average per