Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
Lens clearance theres an abundance of flammable material once again i did some stuff. And some moves going up in some. Little consideration the world on fire starts aug 12th on g. W. The lebanese economy is in freefall now the countrys largest port is out of commission and the entire city quarter needs rebuilding the economic consequences of monday rather tuesdays explosion in beirut. Grounded and pounded financially with tons of hours to cut costs and employees as it posted big 2nd quarter loss. Welcome to the show im Stephen Beardsley ember lead its good to have you with us tom. Were already tough in lebanon on food prices rising Power Outages becoming more frequent and coronavirus case numbers climbing now the need to rebuild the countrys largest port following an explosion on tuesday threatens to expose just how threadbare the countrys economy really is. A city in ruins. Its gateway to the Global Economy destroyed. Lebanon is scrambling to pick up the pieces of this weeks explosion
Course you can go to our dot com get lots more there as well thats hard to international got lots more great programming coming your way. Max kaiser this is the kaiser report they create to create back who is on sect not me but apparently millions are wow whats going on here stacy well you know when we look at our economic headlines and our financial and Banking System headlines what wed like to do is put it within the context of where we sit geo politically culturally domestically all those sort of things so when you look at this story you see that were in a new mindset that were a post 2016 voting generation they carry their ideas they transmit their ideas through means so this is an interesting story here i dont quite understand who these kids are but nevertheless for generations easy and millennial stick talk is our clubhouse and trump threatened it said youre a black and 19 year old tic toc user in california who joined in that app protest if youre going to mess with us we will me
System our Monetary System around the world it is dr strangelove ask if you look at this tweet a man jumps with a portable nuclear bomb called n s a d m and the 1960 s. This is the green beret with the special atomic demolition munition between his legs exactly the closing scene of dr Strangelove Pickens riding in atomic bomb down to create. Do you. Remember that and then they have this kind of symphony of a Mushroom Clouds and with the closing credits over some bright news it so the special atomic demolition remission that was attached to the green berets back. The notion was basically they would land in the territory they would be airdropped into Enemy Territory and then plant the bomb and blow it off some of these guys who are trained to do this that it was a Suicide Mission because you wouldnt make it out alive so that is also what were seeing from the federal open Market Committee from the e. C. B. From the bank of japan bank of japan by the way is leading the way on this whole so
The largest trial for a potential kobe 1000 vaccine began on monday well mcgurn a started its trial 130008 plan volunteers helping to touch shots under the partnership with the u. S. National institutes of Health Volunteers will either receive a real shot or a placebo after 2 doses scientists will evaluate the results to see if it can prevent symptomatic cove at 19 for the 1st test site to begin vaccinating is in Savannah Georgia and a total of more than 70 testing sites will be used across the country well phase one results published earlier this month showed the vaccine was generally safe and had only mild side effects this included fatigue and even muscle pain well the center for Disease Control and prevention says it typically a phase one study consists of a small number of people to see if a vaccine is safe and elicit an immune response well phase 2 is an expanded and a vaccine is given to people who have characteristics such as a. Physical health and similar to those for whom the