The Investment Committee is ready to go. Halftime report starts right now. Good to have you with us on this monday. Our Investment Committee, joe, josh, steve, jon, shannon is here, the chief Investment Officer at Boston Private Wealth begin with the markets stocks modestly lower. Now some key questions about whether there is enough momentum to carry stocks higher between now and the end of the year. Weiss, optimism is rising and has been and you can see it in a number of different ways, interest rate, 10year pushing 2 there are socalled unloved assets that have joined the rally according to some which is another bullish sign justified . Enough momentum to carry us higher i think there is. The seasonal trade is difficult to bet against, however i took off a little exposure and sold some of the smh. I kept adding to it and added through earnings, because i thought the semis would have good quarters and they did now that that fundamental part is over, im more in the Market Movement trade
The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Loving god, we give you thanks for giving us another day. As the members of the peoples house begin the day, grant them an abundance of your grace. May they be filled with the spirit of wisdom, patience, and good will toward one another and the issues to be addressed this day. Bless them, o god, and be with them and with us all this day and every day to come. An may all that is done be for your greater honor and glory. Amen. The speaker thank you. The chair has examined the journal of the last days proceedings and announces to he house her approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentlewoman from illinois, ms. Kelly. Ms. Kelly i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty an
Deadly. Faces its worst crisis since the defeat of Islamic State. Killed in 4 days of rioting. Is enough. To get the data. Off skiing with the city view on the roof of a giant trash. Thanks for joining us hong kong entire mass transit rail system has been shut down after a night of violent unrest as well as station closures many businesses remain shut the city braces for another weekend of the government has invoked Emergency Powers banning prodemocracy demonstrators from wearing face masks many protesters are still wearing the mass risking a year in jail. Its the most prominent symbol of the protests demonstrators have been wearing face masks since the beginning of the prodemocracy movement in hong kong to avoid punishment by the government masks like these are commonly available at pharmacies their rare defense against a widespread use of facial Recognition Software by the Chinese Government and thats a new sense for the authorities your problem is the identification of the suspects
Also coming up. Fresh clashes erupt across hong kong as prodemocracy demonstrators defined government efforts to end months of unrest with an emergency how words wall. Off its good to have you with this it has been a nother day of killing in iraq the country now facing its worst crisis since the defeat of socalled Islamic State 2 years ago today Security Forces opened fire on protesters in the capital baghdad as a again flooded the streets 10 people were killed today the death toll in 4 days of unrest nell stands at more than 60. Protesters rushed to take one of their own to safety. And they flee as the sound of sniper fire ricochets through the streets and again. Theyre desperate enough to risk their lives because they feel the state has failed them were them for that. Were going to protesting because we are suffering theres no electricity no jobs people are dying of starvation its a curse. On the rest has spread rapidly across the country this week without any apparent leadership or
Yet thats exactly what just happened with the dow slipping just 143 points. The nasdaq backsliding a meager 0. 28 . Even though the price of crude spiked more than 10 gigantic, gigantic gain. How the heck is that even possible how could we have so many stocks that rallied on the news simple were a changed country. We have so much oil in this country and we have a lot of stocks that now do better with Higher Oil Prices and as well we have a lot of stocks that thrive if higher oil causes the economy to slow. The United States of today looks a lot different from the United States of even ten years ago first lets understand it looks like iran launched drone strikes that wiped out a huge chunk of saudi arabias Oil Infrastructure and theyre the biggest exporter in the world. That sent the price soaring, the biggest gain in 11 years and that translates into higher gasoline which means consumers have less money to spend on going out to shop. So we have it making per secretary sense. Theyve had