The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
Is on a scale we have never seen before. We must not let her take her criminal scheme into the overall office. I have Great Respect for the fact that the fbi and the department of justice are now willing to have the courage t right the horrible mistake that they made. Reporter secretary clinton held a rally in iowa not long after the statement was released, but didnt speak about it. All in front of the crowd. Instead, her Campaign Chairman john podesta issued this statement saying, in part, the director owes it to the american be people to immediately provide the full details of what he is now examining. We are confident this will not produce any conclusions reached in july. Meanwhile, the New York Times was first to report that this new information came from a separate federal investigation into to former congressmans Anthony Wiener and a sextings investigation. This came from a seized advice connected to that investigation. Fox news is also reporting that these emails about that are
Trump. Here is how to join the conversation. Send us a tweet if you like. We welcome your comments also on facebook. We will show you momentarily, some of the comments from donald trump last week, from Hillary Clinton and president obama. Starting with them reaction on the news side. They write that matt drudge of the conservative drudge report reacted to Donald Trumps speech last week in which donald trump touted nationalism while slamming Hillary Clinton and president obamas globalism suggesting that is the focus of the 2016 general election. Donald trump, we switched from americanism to globalism. When wetry lost its way stopped putting the American People first. The chamber of commerce reacted. Over the weekend, the president of the chamber had a broader oped hes. Here is the tweet shortly after that speech. Under Donald Trumps trade plans, we would see higher , fewer jobs, and a weaker economy. The wall street journal said it was Donald Trumps terror party. Nd his policy would hur
People were discussing today even as the dow climbed. The s p jumped 4. 9 . We rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the worlds growth further, costing the feds not to raise rate this is year. The hope that the feds on hold turn the market down big. The futures were off last night. Having a huge day despite the tragedy in europe. The pajama traders got it wrong. Todays action was a relief rally that perhaps the fed sees what we see. The big roll over happening in manufacturing, industrial and retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and ga
Retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and gas doing poorly. Stock based on hope that china comes back online and the fed does nothing. Caterpillar is an amazing stock as well as cummings. The stocks are down. The industrial sector is in trouble. Same with joy global down 66 . I can barely bring myself to talk about coal and iron. It was thrilling to hear the hedge funds tighten, einhorn made a stand on con sol energy, a coal company which had the stock up more than 7 today. Thats more than 76 for the year. The iron work company, casablanca, managed to install its own people at the top. That stock is down 6