Ahead of the. Connell the story has been there for years and the effect of the Federal Reserve easing money policy. You would think on the economy and the Federal Reserve is able to prop up and help our economy here over the last few years, some would argue our economy should have been strong or you wont get the argument that the stock market should have been stronger, no doubt the Federal Reserve has helped stockmarket. Submitted into evidence, the Federal Reserve Balance Sheet compared to the Dow Jones Industrial average and the two charts basically track each other. What does that mean, the Federal Reserve Balance Sheet is the fed pumping money into the economy, what has been known as quantitative easing, buy bonds, keep Interest Rates low, stocks have gone up. The theory here and the evidence and the chart is here to support it that the fed who you think would be there to support the economy and help the economy for years has been helping the stock market so what will happen to the
Again. So youre not looking at a bounce back. At least not in the early trade. After you have such rough seas like that its not unusual to see it the next morning. But right now at least it looks like the dow is indicated to open down another 77 points. Yesterday closing below 17,000 for the First Time Since october. The s p 500 is down another 8 points after closing down by 2 yesterday. Check this out, though, the dow negative on the year. S p is negative on the year as well. This is decline of 2 yesterday for the dow. 16990 is where it closed at the end. Its at risk of the annual winning streak for six years in a row. We should point out the five dow components hitting 52 week lows yesterday includes utx, conoco, exxon and Procter Gamble an intel. Japan was down by 3 as well. Shanghai composite down and hang seng composite down by 1. 5. Chinas august flash factor pmi. Thats a key Manufacturing Index. It dropped to a 77 month low. Do the math on that, thats more than six years. Domest
Should you buy the stock, later on and a stealth rally in one group of stocks taking investors on a wild ride how you can get in on the rally. First, redemption for the tech center, big tech coming back with a vengeance, the best performer today by a long shot, and apple having its best day in nearly two months, up 2 after whats been a tough month for the stock. Take a look at micron soaring in the after hours session, the chip maker reporting earnings moments ago, giving nvidia a boost. Will we take a look back on this day and say it was the day we wish we bought the im not sure that this is a bounce thats going to leave everybody else in the dust i can look around some parts of tech and say some things werent that great global tech, which has been just as powerful, is not very strong today. There are levels at apple. Certainly people say i can own the stock at this multiple based upon a pullback. Im not terribly convinced, if we are in a moment yesterday, i dont know that were out of
For instant reaction gene munster is standing by for us, you can see him on his red iphone listening to those calls. We start off with tech nirvana, alphabet, amazon, microsoft, jumping on the after hours some impressive moves for stocks that have had huge runs this year do you just keep betting on tech pete yes and its easy to me because of the fact that we went into this and talked about the fundamentals if you listen to the Earnings Calls almost across the board, everybody has incredible growth. Im mostly focused on microsoft, i have a large position. I also have something on intel those are the two i care about the most when i look at microsoft and i see the commercial cloud and the growth theyve got there, this is something that Satya Nadella put out there the day he came on board and hes executed every quarter. The fact that that stock is making new highs is not shocking theres plenty of room to the upside this could have been reason to sell, just sell the news. In terms of what
We are working on ways to try to get mexico to pay for it, but that is not my concern right now. It looks like you have a wall there already. this is the stuff that is already built. This is the picture of the levee wall. Whenis what it looks like it is currently built. We dont have the picture of the cyclone fencing. This will be replacing cyclone fencing. Do you have a wall in all of these cases where there is existing fencing . Is that a good way to spend the governments money . Esther mulvaney there are places where technology will help in their places where we could start Land Acquisition. Hiren start ramping up to Border Agents and we have additional beds so we can effectively end catch and release. One of the difficulties we had was the beds were full at detention centers. When you look at it holistically, its a tremendous improvement in Border Security. Of hundredcouple Million Dollars to do it and this is a several year process. You could not build that in one year. Yesterday,