that is all ahead but we begin with seema mody and the market action today seema, it was record highs to start. we re not there yet, though. yeah. that s a great point, dom. three hours left in trade. take a look at the screen. we re actually losing a bit of steam. nasdaq now down just about three points s&p 500 higher by four and the dow jones industrial higher by 64 points. nasdaq, if it gets back into positive territory, it would be on track for its tenth consecutive close. that would be the longest strea since 1997 and it really has been a strong weak let s break down when stocks have been leading the charge as you can see, it is primaril technology apple. intel. amazon in fact, amazon stock now playing catchup on track for its biggest one-week advance of the year in response to those strong holiday shopping sales stock up about 6%. also, want to draw your attention to shares of nike. sitting on yet another record high this afternoon. consumer edge overnight raising its
climbing the wall of uncertainty, but that s true for pretty much every asset class. a lot of folks talked about 2019 as the year of the rally for everything. if we look at high-yield stocks along with gold futures, look at that huge gains. 36% for oil. high-yield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. one question on folks minds at this point what 2020 bring? a lot of strategists bullish on 2020 and what that could bring. if we look at charts on the terminal, we will see the s&p five the s&p 500 is overbought, well above 70. some technicians don t mind when it s overbought. back in 2017 into 2018, higher highs until it starts to turn down, those conditions really suggest or could be more bullish momentum to the upside. these kinds of rallies go longer below 70, it st kind of bearish and that s a look at the market trading day from new york. this is bloomberg. this is bloomberg businessweek post quote live on bloo
much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of strategic wealth partners. and mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year? that s absolutely the conversation we re having with clients right now. i mean, it has been an awesome year markets are up about 30% all on the back of no earnings growth whatsoever. so it s all been multiple expansion. it s all been an increase in investor sentiment so we re telling clients right now, manage your expectations for 2020 don t expect a repeat of 2019. i think, unfortunately, a lot of retail investors tend to have a short-term memory when it comes to market performance. so, it s not easy. you do have to work at it. expect good gains in 2020, but nothing like this. let s focus in on the big stories we re watching today frank holland is tracki
Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products.
Retailers jacked up prices and squeezed consumers. They might have just blinked - LocalNews8.com localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.