Small caps having a pretty good day as well. The commentary seems to be the market feels a little tired. Is that how you see it yes i do suspect that the market is fatigu fatigued certainly on monday mornings consecutively weve been greeted with excellent news for society as it relates to the vaccine but markets dont seem to be responding as positively as they did two weeks ago. Scott, you began the show by suggesting that we have a potential end of year run. For there to be an end of year run, we are going to need a catalyst and i suspect its not the vaccine, its not earnings, and it really falls back to washington, d. C. And the ability to try and offer some form of fiscal bridge to get us to the other side in the absence of that, i would just highlight december 15 the and 16th, you have a Federal Reserve meeting. Theres a wild card scenario there where the Federal Reserve steps in and enhances some of the landing programs and provides the bridge in the absence of fiscal policy maker
Conocopillps acquiring contra resources. The largest deal this year and well have conoco ceo join us this hour. The 737 max or comeback european r regulators saying it is safe to fly and planning a december return to service. Carl jim, heard you just talking to becky about stimulus as we continue to kick this around it does not sound like this new sense of urgency, quote unquote, will do much to push the package forward. We are too close to the election and either side gives then the other side. I think has them so, lets say the president gives a little bit more than i think that Speaker Pelosi will make it even tougher because the president wants to get that check to you to the least amount of money donald j. Trump wanted. I know that is something that a lot of people, wow, the president gave it to me. I think what we should be owning and trading and buying are companies that are about to go through an Earnings Period that i think is going to be rocky but overall positive and i think
Because we are riding the rails. Why now could be the perfect time to get on board with the train stocks stocks pushed higher again today on renewed hopes that a stimulus deal will finally be on the way. They closed out their best week since early july the strength was broadbased semiconductors, home builders, retail, transportation stocks. All of those hitting record highs in todays session but we are about to kick off earning season as well lets pose this question to you, steve grasso how are you positioned heading into a week, few weeks and maybe a couple of months full of micro economic catalysts i was a little toerlz staeart the rotation into value tech now that we see chances of a biden win are increasing, you dont want to be in an inflationary environment you dont want to be in tech with a biden regulation because there is a Regulatory Risk you will have inflationary risk and cap gains taxes are going to double you want to sell your winners now. Thats where everyone crowded into
For more than a millennium ancient egypt was on lost while all but forgotten the remains of this civilization built on the banks of the nile lake barrett beneath the desert sand. To this day many have yet to come to light but archaeologists continue to uncover more of the egypt of the varos revealing a little more of its incredible history every day thanks to the latest Scientific Technology in physics genetics and computer imaging some riddles from the past and now being solved. One of the biggest mysteries of ancient egypt is the fate of queen after t. T. Whose name means the beautiful woman has come she was pharaoh aka not a principal wife and some say mother of one of the most famous pharaohs pluton comoving mommy has never conclusively been found so the search for her has become a holy grail for egyptologists and feeds the most contradictory theories. Of all. Falgout the despotic is actually a message across a big call that our search took to do that all the samples they studied s
Todays action dow gaining 140 and nasdaq surging 1. 71 the market reflected everything going right, but totally obscured everything going wrong. Its a tale of two cities. It was the best at times and worst at times but on up days, we focus d on the best and ignoe the rest what do i mean lets start by going over the winners today to see what they are trying to say. You have to define them. They speak to you. The stars of reteail tell the story. The most important winner is amazon this morning, analysts who missed nearly the whole rally here took the recent pull back as an opportunity to upgrade it was very significant. I liked everything in the support from approval to the patience you see, he waited for a double digit decline before he pounced. Most people were flying. Not him. I like that. In recognition of the incredible strength with rapid delivery and the fly wheel approach he says buy amazon is there anything in this note actually, yes. You can make the same arguments about amazon