Coronavirus induced volatility plus quarterback buoyed by a string of super tuesday victories for the former Vice President. Is the contender for the democratic valuation former investor jeff ubben, never seen anything like this and says why it makes Value Investing impossible the fed announced a 0. 5 rate cut. Stocks looking to recoup most of yesterdays losses which includes a drop in the dow of 785 points jim, once that tenyear broke 1 , wow. Could you not take your eyes off of this price action look, i think that i was struck by the rate cuts. I didnt like jay powell you cant say listen, the fundamentalless as are sound bue need a gigantic rate cut that means the fundamentals arent sound i didnt know we were that bad off. People either way we are bad off or powell knows something and to see that you get a Biden Victory and maybe things bounce back a little is encouraging and mostly because its just about the tenyear the tenyear drops to 9. 8, then everything you see on your screen t
That steep selloff after the fed surprise move, reversing today, at least for the moment its holding the Dow Jones Industrial is good for a 2 gain at this moment s p is holding above 3,000 1. 75 . Nasdaq up by 1. 5 . The question today, i want to know the answer to, joe, is, where are we what does this action tell us about whether weve hit a bottom or not or is this a process thats going to take more time its absolutely a process thats going to take more time this process began january 17th. On january 17th, the u. S. Ten year was 184 the u. S. Tenyear fell january 31st to 1. 50 the market at that point was telling us exactly where we are right now. Now i understand 95 basis points and what i left on february 12th, u. S. Tenyear was 1. 63 were going to take the lead from where the u. S. Tenyear goes you need to see the correlation between a lower yield and lower stock prices begin to break down i think whats incredibly relevant at this point is the actions of the Federal Reserve and wh
And jeff bezos making a 10 billion pledge in a fight against Climate Change Worldwide Exchange begins right now. Good morning welcome to the show. Im brian chu in for Brian Sullivan today here is how the markets are looking for this Tuesday Morning after the markets were closed yesterday for the holiday. S p down by 15, dow down by 150 and nasdaq down by 18. Taking a look at the bond market down 1. 54 for 10year benchmark. Twoyear note yields a hair below 1. 4 right now lets go worldwide and look at whats happening with the asian trade you can see the shanghai composite. The nikkei in japan down there as well. A bit of a mixed picture in midday trade. Again, mostly red there. You can see the cac, the uk down as well. The ftse mib in italy in green so far china says there had been 1,900 cases and more the death toll sits at 9, 800 looking at a result of the Virus Outbreak moodys has lowered the growth forecast from 5. 8 due to lower import demand. Officials in macao announce dozens of c
Breaking year for payouts, the best dividend stocks to own in this market. The Investment Committee is ready to go, Halftime Report starts now its great to have you with us on this friday, our Investment Committee, jim, josh brown, and portfolio manager, we begin with stocks, the dow hitting 29,000 for the First Time Ever, the question now, how far this market can really go, and whether its all happening a bit too quickly. Josh i come to you with that notion 37 days its taken to go from 28 k to, six stocks accounting for 950 of those points. I think its accelerated a little bit too quickly, and please take that in the context, i have been on this network for nine years telling you to buy, pretty much unequivocally telling you to invest. I do think were reaching the point where the chase is just almost visceral. Everyone you talked to, and then you look at the big leaders, and i own some of these, so again, take this with a grain of salt google, facebook, apple and nvidia gained 4 this
Charles stocks continue to record run, dow, nasdaq and s p all record highs, mostly because of upbeat earnings, in fact, housing went through the roof, punt intended, 1. 4 million, the number well over 1. 6 million, thats what we call a monster beef, folks, jackie on more of the housing renaissance, jackie . Good afternoon, this is a monster beat when you take it bo context, you see why the market is up, strong earnings, great progress on trade but also strong fundamentals, thats such an important piece of the puzzle. Take a look at this, the month of december, that was the housing start, highest level since december 2006, more than 40 year over year, increasing to highest level, multifamily strongest since 1986, this is all according to the commerce. Now whats spewing the spread, the rates, its not just the fed, also strengthening the u. S. Economy, thats what makes people more confident to go buy homes, people that are scared dont want to commit their money even if rates are low, whe