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Fed kicking off its meeting today. For more on what investors are watching, sarah hunt is here from alpine woods capital. What could the fed due tomorrow that would most upset the markets . Give i think they did not a lot of detail about how they were going to make sure when it was time for them to change their inflation standpoint, when was too much over. If they narrow the window and say we are looking for a tiny bit of on the inflation side. I think they are expecting inflation to run hotter if they get there for a longer time. And if they do something to narrow that window, that would make people more nervous. Newsbut in terms of the flow, have we already had it . Central banks have been dominant this year. It seems to me as if politics is beginning to take over as the key narrative, in london with brexit, and weve got all kinds of trouble in the mediterranean, we have got tension with china, and of course we have the u. S. Election coming up. So does this narrative now takeover fr ....
S officers says stimulus is on the way. Euro german bailout. A. M. Has just gone 6 00 in london. I am torn between the debate on whether the u. S. Chinahong kong it the backstop of central bank the narrative that drives this . Japan reopening, australia is reopening and normalizing as is the u. K. Good morning. Expectations of expansion of stimulus for june. They seem to be gaining some momentum. The market seems to be putting a side the u. S. And the u. S. China tensions. That simmers in the background. We still see this risk on an markets. And perhaps added to the story a little bit of optimism or less pessimism. Like the bailout and we getcept the news like the bailout of lufthansa. Futures pointing to similar gains that we saw in the euro stoxx 50. The 10 year treasury yields higher. Is above 34 a barrel. Iae saying demand could get back to precoronavirus levels. The number of coronavirus deaths in the u. S. Is nearing 100,000 344 global deaths around thousand. However, u. S. Presi ....
In u. S. Stocks. All three major averages touching closing records. The nasdaq the only other three to also trade at an intraday record as we see strength on this day when we have a smattering of earnings reports to keep an eye on. That is one of the things helping boost the stock market. Also in the case of the stock market, technology is outperforming. Word aboutsay a volume. One of our chart masters cooked up this chart. Here is the average volume if you go back over the duration of the bull market. Here is this year in white. And the low of the bull market is here in red. 2017, volume has been running well above average. It started to arise a little bit, but again, still below the average line. Something to keep in mind as we enter this latest stage of the bull market. Back to earnings, i mentioned a smattering of them today. Tocks are rising, helping support overall gains in the s p 500. The packaged meat make a harm ormel, theiret h averages up 2. 5 . Medtronic coming out with ea ....