Etf instead. We drill down into homes. Love them or hate them, etfs are here to stay. Flows into etfs signal a broader shift. Eric is here to talk about what he sees. Eric we have been talking about the great summer we have been having. You can forget that. They saw 25 billion in the past week. That is a monster amount. We have seen a couple of bad days. A lot of the money that came in, we said it was trading crowd money. That is very fickle money. 13 billion out of spite. And that will be the second workweek that holds up on record. A lot of this liquid stuff. This is retail. A lot of it is the etfs an institution would use in place of futures. Lets see if anything is doing well. Two things stick out. You have some of the retail money hanging tough. Ivv and vu taking in money. It takes a lot to spook them. You have a little bit of hedging. Usmp, a huge year. Gold has been slowly building up a mass of flows. Lets look at gold with summer. You can see how much money has been coming into
Told in two stocks, but the narrative around both of them, nvidia, target raised to 1,100. Top pick bank of america. Tesla downgraded to underweight at wells. Were showing you the yeartodate returns from both of these stocks which, in a sense, tell a story of the market at large. Stocks like nvidia doing incredibly well. The question is, are we really seeing a trend change, yes or no . A trend change as it relates to momentum being the positive factor . Unequivocally, no, we are not. Were not . Why do you say it so matteroffactly . Why are you so sure . So far, year to date, trend following nondiscretionary funds, and you can go ask aqr, mulvaney capital, you could go ask dunn capital, theyre having their strongest start to the year since 2008. Momentum is a factor is back, leading the market higher. If you do not have momentum, you will be punished as is the case with tesla. If you have momentum in the case of nvidia, nvidia right now, by the way, is literally the market. Where nvidia
Public service, along with these other television providers, giving you a front row seat to democracy. Federal reserve board chair Jerome Powell outline the Central Banks Monetary Policy before the Senate Banking housing and urban Affairs Committee. He also talked about the state of the u. S. Economy, inflation, Interest Rates, and bank Capital Requirements. This is to 15. Thank you, hows urban Affairs Committee will come to order. Give it again, you can certainly do that. The fed has immense power in shaping our economy. Your job is clear. Promote stable prices and maximum employment. Today, the cost of living is still far too expensive for most americans. The fed has only one tool available to fight those high prices. Interest rates. That tool does nothing to address the real cost, the real cause for why costs remain too high. Corporations price gouging to boost profits and make their shareholders richer. High rates dont force higher Interest Rates dont force corporations to lower th
Anna a very warm welcome. Our flagship morning show. Im anna edwards. Lets talk about what has been happening in the markets of the last few hours. We are on the route towards tax reform. To a slightly more risk on attitude. This is a drop in treasuries that we saw. There is necessary but not sufficient progress in the United States on tax reform. The budget has been taxed passed by the senate. We are on the road to tax reform, but we are not there yet. This is a move in that direction, something that markets like. We have the dollar advancing. Up by 2 10. The Bloomberg Index up by 3 10. Suggesting will be higher than up by a quarter 1 . We also have the new Zealand Dollar in there. That is day two of weakness of the new Zealand Dollar. 0. 64 percent. This is based on uncertainty about where the government will go. Lets discuss the japanese election over the weekend. We will talk about it as we go through the next hour and a half. We have guests for you today as well. We will talk abou
The biggest mover when you get sort of adjustments, well, a little bit. But not really. 2. 35. Kind of hanging in there. Crude oil has been one of the bigger stories of the week of course with its significant drop over lets call it the last week or so. Oh, its a crash. Crash. I would put it when you have its almost one of the things that we have to talk about was there two hedge funds somebody didnt liquidate it. 53 or 54, straight line, i think it borders on a crash. Straight line. One of the stories were following this morning. Lets get to the others and our road map it starts with of course the u. S. Employer employment picture. U. S. Employers picking up the pace of hiring. The Unemployment Rate fell to the lowest level in nearly a decade. Plus oracle of omaha, is r ouring is osouring on ibm. Jim and i may wonder what took him so long. A warning to the Trump Administration. Ges jeff immelt calling on government to try harder to avoid the protectionist policies and to level the Play