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Biden hop bidenharris ticket. Are also speaking with the General Mills ceo. We will be delving into all those angles in the next hour. We start on the market with sarah malic, cio of global equities. She oversees 1 trillion in assets. The backdrop, are we seeing real inflation and rotation in Asset Classes . We dont think it is a permanent rotation in Asset Classes, because cyclicals are so cheap. Markets have been very optimistic over hopes of a vaccine and earnings that stimulus is being pushed out a little bit, and that is becoming concerning and as we look at the rest of the year, between high valuation, issues over trade costs and concerns over the election, we are more focused on quality in the u. S. , but what we do like is expectations for a weaker dollar. We are looking at international markets. They have a bigger ....
Performing significantly better than europe, also pointed to stock that has the u. S. Market gains against other countries. We will continue listening to the president and see if he has anything more to say. We are waiting on anymore comments from a u. S. Stimulus package, not to mention ongoing u. S. China tensions as we are getting close to that and of wecheck. Pps tiktok and quick check of stocks trading at the moment, u. S. Futures holding flat after u. S. Stocks surged briefly to a record high, reachedthat 3386 level february 19, before the pandemic. The s p 500 closed 1. 4 percent higher, tech leading gains. Nothing specific driving the rally, Speaker Nancy Pelosi saying lawmakers are miles apart on another fiscal stimulus package. The s p 500 index saw the biggest jump in over five weeks, all 11 Energy Sectors rose. Look at what oil is doing at the moment. We are ....
Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage ....
About 2. 4 you are looking at additional declines the dow has improved we were down about 443 now we are indicated down about 366. S p futures indicated down about 32 all major averages saw declines but the dow was the biggest. S p off by 1. 8 . Nasdaq down by just 1 yesterday. A lot of it as we watched oil prices under pressure. Lets check thetreasury market 10year yielding below 0. 6 at 0. 0. 58 . Oil prices yesterday, nobody has ever seen anything like this no. Lead story went to minus 37. 63 a barrel. No place to put it people would like to store it. More people watching june switch over june is not much better obviously. No. I was shocked how much pressure that is under too. Big gain of 80 . Futures, strange things happen not everybody Takes Delivery reflecting the lack of capacity. I think peak oil might have been maybe not a real thing going back we are a wash in oil. Understanding all of the oil not being used crude delive ....
Its taking place on the various stock exchanges of the three major powers. And right now the russians and the chinese are winning when it comes to hearts and minds of american investors, as demonstrated by the dow plunging 231 points, s p tumbling 1. 7 , and nasdaq diving 1. 64 . Put simply, right now we are in a news vacuum in this country, were post the big employment number, preany earnings reports to speak of. The only Earnings Announcement of note were krispy kreme and william sonoma. Both were positives with the latter being spectacular. If anyone cared about Williams Sonoma today, wed be much higher, not much lower, because the quarter was so superb. You know some of the strength has to be because of the consumer still spending on their home. When you see that kind of spending on a mallbased store, it makes you feel like people are investing more, not less in t ....