Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli
Everything is in green across the screen right now joe, were talking this is basically the growth value trade conversation but it takes on a little bit of a different face because were talking about this recovery trade i want to go through some stocks with you i want you to decide whether these things have come too far, too fast whether its the airlines, american, delta, united delta, southwest. You know what the gains are over the last two weeks alone thats just a representation of what were talking about here. Clearly skots, what we have witnessed is we had what i would call the v recovery stocks. Those stocks are the Growth Stocks those are the quality momentum stocks and you have more recently the stocks that are the u stocks the l stocks the dash for trash stocks. Im going to stay positioned with my growth name, my nasdaq names. Theres clear exuberance and when we look back upon this, well realize it was a rational kp exuberan exuberance im not going to bite. Im going to stay with
1 2 3 boeing is having a big day today. The reopening trade is in full effect Piper Sandler is up today. They say the pain trade is up. They reiterate their 3,600point yearend target for the s p, which sounded crazy when they first put that out, but now i wonder if we have to start looking at that as a coming formali formality, as crazy as that sounds look, ive been adding capital to the market and if you asked me a month ago what i would be doing, i would tell you, i would be down 50 in my exposure not for performance, but for taking money off the table this has sort of hit the frenzied period. The reason why its doing that is because its a valuation holiday, its a fundamental holiday. And when you see things that are happening in the real world, the social injustice, the division in the u. S. , the division in terms of International Relations with merckel not wanting to come to g7, with the relationships of china, you would say, you know what, the markets getting through that so i fe
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t
We were up 1,000 points on the d dow. The s p 500, 3202. Nearly 3 there. Theres the nasdaq 9817 200 points to the upside josh brown, the dow is now 50 higher than it was its up 50 from march 23rd intraday lows its remarkable. It really is. I think the story here, and aye be ive been hammering thanksgiving is broad participation. Every sector youll see the Smaller Companies out pacing the larger ones. Very big story this week is Small Cap Value which had been absolutely left for dead made a 30 recovery in the last month. I think the bottom may have been when baa rrons called into queso whether dimensional funds would be a fund giant for much longer given thats one of the factors they weighed toward. Small value up 13 this week we talked yesterday about the equal weight nasdaq being twice as good as the nasdaq on the week you can find that all across the board. I think its so important. If you want people to really buy in to this recovery then it couldnt just be amazon, microsoft pushing