Away from new highs. Joe, i begin with you. The question is how are we going to get to those new highs . Value is outperforming today is this the start of the longawaited rotation . Well, your initiating a great conversation, scott, because as you have identified the s p 500 is basically sitting less than 1 above its all time high whats critical, though, in getting there if you are not going to have a significant outperformance from what has worked, which is clearly hyper growth, is youre going to have to have the participation from the value names. Lets put in context where value really is. Scott, the russell 2,000 is still sitting 9 below its all time high it achieved in august of 2018. When im thinking about value i also have to think about value and get contribution from small cap value, not just Large Cap Value because there has been such a differentiation in the Small Cap Index this year. Small cap growth is up 22 year to date. Small cap value is down 12 . So, yes, i believe it h
By about 414 points. Things have bounced around rapidly. Weve seen the volatility. Part of that was the big selling that happened. Nasdaq off another 140 poijnts. Looking at the 10year trading down talking historic lows every day when the 10yearwas above 1. 2 on the ticker, i was looking for it this is an important time to watch that, didnt you think it is crazy its a new time line to look at global rates we never thought these type of rates would get to us. They are still higher than the rest of the world is at. It is still staggering it is unbelievable and shocking on the daily basis. Providing the context. It does not happen often they are usually tied to an event. 1998, it was the collapse of the he hedge fund in 2010, resulting in a drop 2008, the financial crisis led to a fourday decline of more than 1,500 points. And now the coronavirus with a loss of 3,200. The big one was 1987 that wasnt really precipitated by any other event other than insurance. 22 in a day i want to make a
A strong china growth, and watching the three major indices billionaire head managers say theyre still buys equities, joining us for the first full hour of the show slight gains, but anything is good enough. Lets focus in on the big stories. Seema is watching the market record highs Steve Liesman is diving into gdp. Combing through the numbers, a number of sectors are climbing to new highs the ren sawn etf and russell welcome back, every year the 2000 is less than 2 away. Forgotten 40 is put out. Widely seen as a market breadth some of the standouts on this list, discovery, Madison Square, this together comprise 13 of the s p 500. And more good to see you, jonathan. Also i want to draw your attention to shares of railroad thank you for joining us. Thanks for having me. Operator csx, a very choppy day lets kick off with discovery. Why is that such a standout following mixed earnings, which name the company blamed on a its clearly an outoffavor softening industrial economy that stock is
After a session where the dow and s p 500 have their worst single day point drop in history, what stocks make sense to buy in this new stay at homer ra that has been hammering the major averages, the dow plunging 1,191 point, the biggest point drop on record, the s p plummeting 4. 42 , and nasdaq nosediving 4. 61 . This is panic, okay this is what panic looks like. Particularly the last 45 minutes. We dont advocate panic because its not a strategy. You can have all the obvious defensive names. You can talk about the staples i can do that any day of the week, the stuff you need to stock up on when the outbreak sweeps through the country you buy stuff like this. The stock market seemed to be signaling in todays lows the last 45 minutes. I think the lows could be revisited. What the hell, the virus is a threeweek incubation period so well probably see more and more people getting sick people of course never went to china, which is always scary now, right we got the first one in Northern C
The tenyear bull market makes new history as the fed chair appears to make the case for a rate cut plus big tech is at the center of the president s tariff fights as france vows to tax some of the largest American Companies. The white house hits back. And forget f. A. N. G. Jim has a new basket of stocks to watch you saw it here on squawk on the street. The s p surpassing 3,000 yesterday for the First Time Ever after the fed chair did signal a rate cut is on the horizon. This morning it goes back to the hill, testify before Senate Banking. Yesterday in front of that house panel, he was asked if a strong case could be made for lowering rates due to trade uncertainty and inflation short of the target this was his response. Yes, as i mentioned, we think that uncertainty around trade policy and also Global Growth, its not all down to trade policy theres something going on with growth around the world, particularly around manufacturing and investment and trade. And so that uncertainty is, w