Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
We are rising to the highs. Down,hich is taken a leg has not taken a bite out of stocks. That has been unusual in recent days. Its been all over the map today and trading has not had a lot of rhyme or reason. There has been a lot of talk about russias saying its going to talk with other opec producers with opec producers about cutting production. Then some holes are poked and that. That happened earlier in an oil went back up again and then it went down again. Take a look at my terminal to compare what happened intraday between stocks and oil in yellow. Stocks taking a leg up. That is really different from what we have seen of late for u. S. Markets. I want to take a look at the groups on the move. Energy is the worstperforming group. Today,ogy is really back up better than 2. 5 . It is not just tech. Notable that stocks are holding up despite that oil downturn. Scarlet we are ending the month on a strong note. In terms of january it has been pretty ugly. Julie it has. The rally we hav
By Low De Wei (Bloomberg) — International cruise ships are returning to Japan, three years after the Diamond Princess became the world’s first luxury ship to face a major Covid outbreak. Amadea, operated by Germany-based Phoenix Reisen, is now docked in Tokyo Bay after earlier arriving at a port in Shizuoka prefecture in western Japan, according to shipping data tracked by Bloomberg. The outbreak on Carnival Corp.’s Diamond Princess, which docked on the country’s shores in February 2020, drew global attention to the risks of infection aboard sea vessels. At one point, the ship had the most cases outside mainland China, where.