First time ever, joining the nasdaq and russell all making fresh highs today. Even safety trades like gold and bonds were up. Theres no end to the rally in sight. And the end of the year is just a few weeks away it just keeps climbing, guy. Yes, and i dont think weve wavered a lot on this one. There are a lot of reasons to be embarrassed. There are probably another 30 reasons we could mention it doesnt matter. Thanksgiving is a few days away, well be in Holiday Season people will play catchup. The russell made an alltime high to me thats the best indicator. We can argue about whether tax reform will get done, but somethings going to get done. Ive said it a thousand times, the market doesnt give you a long time to sell the highs. Weve been here seemingly for months in my world, it means we continue to grind higher despite the other noise out there. The bond market is key also where else are you going to go if youre going to invest dollars . If youre in a mutual fund and youre getting th
Terror group that had stacked the whole house with bombmaking propane tanks. Stock took a dive, dow eventually developed 270 points on the day but terror was only part of the reason for that drop. There were also serious worries over the state of the Trump White House in particular the future of key adviser gary cohn and that concerned today. White house advises gary cohn will stay and thats for now. The gary cohn story a negative factor. Clearly this friday will be a very big day, we invite you to watch it unfold was. Varney company is about to begin. Stuart i mean, im pretty sure its in mosts people minds after what happened in london and france and the attack that came repetitive, they did the same thing a few times. After it happened, i think everyone kind of thought pretty quickly that it was another attack. Purely just because it was so similar to the others. Stuart i call that chilling. An eyewitness account of witness in barcelona. Total of 14 are death and search for the van d
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w
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Tesla, already the world s most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.