At the start of this on the back of the session stateside where a. I. News dominated. Nvidia news flowed and alphabet with the Gemini Technology to help with the apple a. I. Storst. That stock bounced the most with the s p 500 breaking the threeday losing streak. Take a. I. Away and how much momentum is in the market . We are looking for further clues on monetary policy. We had the japanese stepping away from negative Interest Rates. The Central Bank Clues we are getting around sticky inflation is key to the narrative around what has been bullish sentiment to place bets on a lot of big trades at get going this mornine are giving back. 10 from the outset. From the sectors, red arrows at this stage. Financial as down. 50 in that basket. Utilities, every stock in the basket is in the red. Technology is a fraction weaker despite the news from the semiconductors thanks to the individuals conference. The media basket of names. Wpp at the bottom. We have the reversal for the construction. Che
Lets look at what else you talked about, retail. It is black friday. The Holiday Shopping season for 2017 is officially off. Reports are suggesting it is very strong. Macys, kohls, gap seeing gains for all retailers. Reports relative to yesterday, strong as of 5 00 p. M. Yesterday. Spending on a yearoveryear basis of 17 . 1. 52 billionght, has been spent ahead of black friday even starting. A very solid start for the Holiday Shopping season. Some are saying the best in three years. Now taking into the weekly moves, lets look at a chart in the bloomberg. 5917. Are we are looking at the weekly moves to the major averages, and an orange the russell 2000. We had a long stretch of weekly gains for the dow and the s p 500, eight in a row. Russell 2000, smallcap index and awards have been down a little bit. Thinly actually have the major averages down on a weekly basis for two weeks in a row. The dow and s p 500, the first time that happened since august. We have a tech heavy nasdaq up. Highe
The overwhelming majority of that, 31 million coming through the amt, the alternative minimum tax. A little while ago, the president sat down with Tucker Carlson, gave his first comments about the documents and he questioned the legality behind whoever posted them. I have no idea where they got it. But its illegal. Youre not supposed to have it. Its not supposed to be leaked. Its certainly not an embarrassing tax return at all. Its an illegal thing. Theyve been doing it, done it before around its a disgrace. However, the folks over at the Democratic National committee are suggesting that the white house knows exactly where these documents came from. A Senior Advisor at the dnc said the following. The white houses willingness to release some Tax Information when it suits them proves Donald Trumps audit excuse is a sham. They to on to say theyre probably finding russian connections. And now we bring in pat buchanan. Straight off the top, who won this one . Rachel maddow at msnbc or Presi
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