Thinnest of reeds which is why the averages were able to war today. The dow which gained 470 points, s p advancing 2. 28 . Its hard to find a positive button house of pleasure the nasdaq gaining 1. 72 . All right, what happened okay, this morning President Trump told us hes brokering a deal between russia and saudi arabia so theyll stop flooding the world with oil that will help the price of crude to rebound back to the 20s and trigger a short rally in the stock market. One that couldnt be taken down by the shroud of gloom even as the shroud kept trying to take it down. Intermittently until being ripped from the markets rarely bullish face buy, buy, buy yep, we live in a bizarre world where wall street can momentarily overlook the fact that 6. 6 million americans filed for Unemployment Insurance last week a mindblowingly horrible record breaking number. Instead, we briefly able to accentuate the positive. It might not collapse, saving billions of bad loans and preserving Energy Indepen
Points hallelujah. S p soared 9. 38 . [ cheers and applause nasdaq pulled 1. 28 it feels like 2008 when the Congress Approved the bank bailout. On the for the stock market to start crashing not long after. Sell, sell, sell. The covid stimulus bill will pass and pass on the second vote heres the problem weve been in the worst bear market i have ever seen. We have been down endlessly. Proprietary s p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. When you get that level negativity, endless, endless, endless, you get a coyle spring of a market. Usually snap back with a vengeance. Typically based on short sellers ringing the register to close out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if youre betting against it and, look, its very bullish that Congress Seems to be making progre
Just like this miserable quarter. The house of pain the s p shedding 1. 60 . The nasdaq declined 9. 5 the Dow Jones Industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. All sorts offer stocks have roared since the bottom a week ago. S p rose 1. 9 last week. Were leaving the quarter with almost as much hope certainly we had it than despair. How is that possible when the pandemic is raging and the entire economy is in dire straits . This decline was vicious as anyones ever seen it. Investors tend to regroup. They figure out what they can make peace with, but whats too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. You know exactly what time talking about. Days like today theyre going to give up the ghost a little bit theres some terra firm a there for some of these companies. The question now, are the stocks that led us in last w
Sentiment, thats the word. Have a great weekend. See yall later. Good afternoon, everyone, im charles payne, this is making money. Breaking right now, full of sound and tour fury fury, but what does todays jobs report really signify . The soft landing camp are claiming victory, but the recession camps continue the make solid points. Weve got it covered for you with. Is it finally time to sell those hot tech stocks . If so, whats the next big with play . What if i told you someones saying commodities . And it was a great week for big banks as jay powell rode to the rescue, but will anyone come to the rescue of Community Banks . President biden demanding that the the rich corporations and powerful pay their pair share. My question is, what the heck is fair share . Id love to hear from you. Tweet me cbpayne. Plus, my takeaway on americas economy being the envy of the world. Why would we change it . All that and so much more on making money. Charles all right, so we were told last night th
Live from center city in philadelphia this is fox 29 news at 10 00. Downpours are moving through our area right now the shore getting drenched. Were timing it all out for you. First tonight at 10 00 a Major Jewelry heist on the mainline and the whole thing captured on store security cameras. To night police in radnor are hoping you recognize that man. Thanks for joining us tonight. Im chris oconnell. Im dawn timmeney. The guy got away were bunch of high end watches. Shawnette wilson is live in rad in order with the details. Shawnette. Reporter well, employees at the store this evening did not want to talk on camera, because the owner wasnt there but police tell us the owner has actually put up a 5,000 reward for information leading to an arrest and conviction. Watch this video closely. It is crystal clear. This top notch Surveillance Video from cameras inside a highend Jewelry Store in radnor captures an Armed Robbery from start to finish. It happened around 5 00 oclock tuesday afterno