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
Chip botox straight ahead and we start with the rorschach test. Which did you see today . The dow closing at its highest level since march 10th and vaccine hopes with stills and stocks closing near session lows and the relationship 500 failing to hold its 200day moving average or guy adami, how do you interpret the ink blot being that i cant see it, is that the guy from welcome back cotter, mel or no, that rorschach test guy i think were having problems with guys audio tim seymour, well go to you on this which ink blot did you see today . I actually heard guy and he made a bad joke of welcome back to cotter. It was closing near march highs and i think we have a case where the reopening has allowed people to look at industrial and call them value stocks, but the ones that were the most beaten up and to begin to assess what schedules are going to look like for airlines out through kind of early to midsummer. We have no idea, but we also have some sense that the worst case has been largel
Helping the rioters . All that and so much more on making money. Charles another session, folks, market resolve amid a resolving day with covid19 lockdown stocks. Theyre actually losing ground. These are the real hot stocks that have been a big, this old school names, Energy Industrial names, theyre leading the way. This as the market continues to telegraph a economic recovery to be quite frank nobody on wall street sees yet. Each day the data becomes more clear. Things are getting better, including todays auto sales data. The big question whether the tock market, or wall street gurus, which one of the groups is is right . Lets bring in two of the best to see what they think about the market. Alicia levine and belpointe Market Strategist david nelson. David, well start with you. Were seeing all kinds of pretty good data, manufacturing data, surge in travel apps, auto data looking very good. Obviously helping the bull case. Is it enough inn your mind to help how strong the rally has bee
My name is caitlin emma. I am a federal budget and congressional appropriations reporter on capitol hill for politico. Just a quick reminder to you guys here in the audience and those tuning in on the lifestream, tweet your questions with the hashtag statesolutions. I have a circuit here and i will track those and hopefully we will get to one or two at the end of our time today. So i am here with rhode island governor gina raimondo, shes serving in the second term as estates democratic governor and she recently delivered her sixth state of the dress. We have a lot to get to and we definitely want to talk on state policy with the time that we have. But i kinda wanted to start with some news that you made earlier this week regarding 2020. I saw you endorsed Michael Bloomberg for president. Youre the former chair of the democratic governor association. We have a number of candidates to choose from here. I know mayor bloomberg has previously backed your gubernatorial ambitions. But Vice Pr
5 chance it was so unlikely. You have children i have children. I have 12yearold boys who look up to both of these gentlemen and think of them as heroes. I dont want this to happen. This is a terrible idea. I think it would be fun to watch. Thats the appeal i get the appeal. Thats part of the problem you will see what will happen at recess after this. My concern is fighting after watching toy story. Lets show u. S. Equity futures at this hour were sitting here on monday morning and in the green nicely. 90 points higher on the dow. Nasdaq looking to open higher 7 points up. S p is up 17 points. Most importantly, more maybe not, we look at treasury yields as the guide to life right now, 4. 1 when you look at the 10year treasury the 2year treasury at 4. 846 you may remember where was the 30year with ackman statement . It was a week ago it was 4. 30 above where we are right now. Ackman last week or ackman in the pandemic last week oh. I dont know it peaked at 4. 30 last week it was in that