Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be
Is this is week that tech took the market back. Tech is up 2. 8 . New all time high is the russell 1000 growth. Tech is back and tech is working. Every time we get the story well roll out of tech into value, it works for three or four days and we go right back to whats really happening in the economy is tech platform driving dijtization. Not only domestically but globally these companies are empowering it that Investment Team will be strong right through 2021. The russell will be interesting. If you can find companies because the russell itself actually has no return on assets most of the companies dont make any money. If you can find a mid cap company and its revenue domestic it doesnt matter who wins the election were going the war with china its going to have an impact on certain s p companies. You can find refuge in the russell 2000 i think you have to do your stock picking there. Im looking for companies with companies that make money by distributions and having nothing to do with
Industrial average ended the day on the down side on its lows maybe not the best sign for tomorrow welcome, everybody im Brian Sullivan i have a full show for you as always, guy adami, tim seymour, dan nathan and Karen Finerman are your Investment Team today great to see everybody still social distancing here lets just right into this, guy adami, because it looked like we would carry through mondays momentum we did not do you have anything you can put your finger on to say this is why we rolled over yeah. Pretty much everything weve been talking about for the last two weeks and im not trying to be a wise guy here, but since that low we made a few weeks ago and as it became somewhat clear the bounce was in play, weve been saying for quite some time that the logical level for this thing to bounce was 2790 or so in the s p 500 and we came with a little more than a percent of that in terms of what it did today, again, im not trying to be funny here, but it didnt surprise us all that much b
Our schedules. Were also making sure the companies that are Good Companies stay solvent and have the money necessary to keep functioning. We have a lot of things were working on with Financial Markets and its going to work out fine you have to remember the stock market is much higher. Its taken a big hit its going to all bounce back and its going to bounce back at the right time when will you decide for the American Workers were deciding right now. Were dealing prior to even the stafford act were dealing with the democrats in congress. Well see what can be done i happen to think a payroll tax cut would be a very good idea. Very distributed to really distributes it very evenly among middle class and other workers it would be a great thing. I happen to think it would be a great thing beyond this. Were looking at the payroll tax cut and that wont come immediately because thats a stronger measure but we are looking to do that i think at the right Time Congress will probably go along with i
Seasoned trading executive, Marcos Pagani, joins Bay Crest Partners as Managing PartnerNEW YORK, May 26, 2022 (GLOBE NEWSWIRE) Bay Crest Partners LLC, a technology-driven, premier agency-only brokerage