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If you have those big game big names in the green. Joe netflix, the ultimate stock for people staying in their homes, probably netflix. Romaine lets dive deeper into the action. Taylor riggs, what are you watching . Theor i am looking at chipmakers. The nasdaq is higher but the stocks is lower in part because of the impact they could have on the chip suppliers. So much of the discussion has been about the stocks the stoxx being overvalued. Oxx p ecan see, the st ratio still trading at 19. 5 times. As much as we talk about the pullback and the fears about apple, it is important to keep in perspective how full some of these valuations are as we head into some of the uncertainty with the coronavirus. I am looking at the traditional inverse correlation between gold and the dollar. As you look at this chart, typically, they tend to move in opposite directions. Now, safe haven is driving assets higher on those coronaviruss. Gold, trading over 1600 per ounce. That comes even as the dollar str ....
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimist ....
Gave Alexis Tsipras the victory he needed. Lawmakers approved a package of pension talks and tax hikes. Those had to be passed before greece could get a bailout that might deliver 94 billion in aid. Tsipras argued for the plan from the parliament floor. Mr. Tsipras during these past five months, we have fought hard. In view of this struggle, which had omissions. I take responsibility for this. I am not walking away. Vonnie the eurozone responded. Officials had agreed in principle to give greece a 7. 6 billion u. S. Dollar bridge loan until the bailout. President George H W Bush has been hospitalized in maine for a broken bone in his neck. Mr. Bush sell at his home. He is 91. A Spokesman Says he is fine and will be in a neck brace. Joe biden seeking support for the nuclear deal with iran. After meeting with democrats, he ....
That is what ive been hearing. Lets look at the risk off tone in europe that is being hit the hardest. We are now at eight straight down days and have not seen that kind of streak since 2014, the dax hit particularly hard. A bit of a safe haven bid as far as bund yields. That does not feel like a risk off move in bunds. The dollaryen down 6 10 of 1 . The bloomberg Commodity Index down 3 10 of 1 . Not just oil and copper, the base metals across the board hurt. David now we turn to emma chandra. Emma Senate Republican leaders may have made tax reform a little more complicated. They decided to add repeal of the obamacare individual mandate to their tax package to help them meet the fiscal target but will change the vote calculations in the senate and house. Twice the senate tried and failed this year. The russians have agreed to restructure more than in venezuelan debt. The ....