Come up with a forced him is round is having an impact on the markets. Walmart senator warren say that the retails sales cut slowed last month as government released ease. Barclays is using the recent coin shortage of the gauge of economic reopening. Seeing evidence of a recent slowdown. Not to be too much of a Debbie Downer on the record close but is there something to worry about . Joe we got a be really listed. This is an extraordinary market come back we got a be realistic. Yes, there is no deal yet in d. C. But people have been warning for a while that this or that was going to end this rally. And it has not happened. So, the second wave in all this stuff. And the failure to get a deal is supposed to kill this rally. Has not happened yet. That being said, there are several reasons to be concerned, that people should be wary about including walmart today. For more, joining us now is senior retail analysts jennifer of bloomberg intelligence. Thank you very much for joining us. When
Lets check the numbers. I mentioned where we are nasdaq was above 9,000 s p 2900 dow is better than 24,000 right now. Josh brown, the issue peer supes starting to run out. Its now peleton, zoom paypal these are tech stocks but theyre not apple. Theres a lot more happening beyond just what people usually associate with the nasdaq. Like where is all the money coming from . Take a look at the russell down 18 on the year while the nasdaq heads towards highs. You could not have a starker divergence between large cap growth and the overall rest of the market and it gets wider and wider. They are the products and services that people are using my colleague ben carson called it the peter lynch market. If people know the product and using it, the stock is probably going up by billions of dollars. Were going to talk about one of thoedse to joshs point,divergence growth versus Everything Else. Year to date is down 2 . The s p value ite is down 20 . You continue to get the divergence, whats going
Progressive vote there and they will pick up delegates there. And texas is a nailbiter and this could go late into the morning in terms of the vote there. A twoperson race at the top. Maine, and biden it is too close to call there, and we dont have a result there. And sanders is scoring a trio of victories, first in utah a commanding lead over Mike Bloomberg right now, and in vermont, sanders, and sorry, colorado, sanders is the projected winner as well as vermont, his home state. And looking at the night that joe biden has had and it is a big one, winning in North Carolina, virginia, minnesota, tennessee, oklahoma and arkansas and so he is sweeping the south and posting huge margins there which is going to make him rack up the delegates and it is all about the delegates tonight and not about the states that you win, but how many delegates that you go home with, and biden is leading in that regard. As we reset here at 8 00 p. M. Pacific time and california polls are just closing, but t
Pretty simple chart. All about the s p 500. So often, we talk about the wild swings, the 1 , 3 moves. Dayou can see in blue, 50 resistance level 2950. Yellow comedy 200 day at in yellow, the 200 day. We are getting a lot of intraday swings, long term, it doesnt seem like the s p is going anywhere soon. Im looking at the Ishares Semiconductor etf, which is seeing inflows even as we saw trade tensions. 250tors added about million on thursday, the largest inflow of the year, then added another 50 million on friday. They Held Companies like nvidia, qualcomm, intel, companies that are sensitive to trade headlines. Lisa thank you so much for that. Ubsl with us, jason from Wealth Management and bloombergs luke kawa. Isntare range bound, why that an argument for income . Jason it is not a bad environment for carry strategies. We went overweight emergingmarket. They give you pretty good yield. If we get a risk off environment, rates fall. Gethey rally, then you spread compression. In an environ
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