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Look particularly at the nasdaq, its up 16 year to date but the wait is what you have to think about. Facebook, apple, amazon, microsoft google are up 13 year to date. So youre seeing overweight in terms of really big companies. Any meaningful downward movement along them is going to result in broader index. Im not optimistic particularly nasdaq because i think its overinflated liquidation there is it too glib to say if vaccine hopes are met with real positive data that technology suffers from a whithering stayathome narrative, or is that too simplistic . Yeah, its a little simplistic, mostly because of the factors that are contributing to the tech growth are multivariant you have this issue of the low Interest Rate environment which is drawing a lot of yield, but you also have the fact that people staying at home use Digital Services more. You look at the streams services a ....
S p 500 higher. Groups leading gains include stayathome stocks, consumer services. Oil after inventory close to 41 per barrel, big drawdown way more than anticipated. The 10 year yield up. The dollar index continues to weaken. Plenty of strength in euro. We will talk Canadian Dollar in 10 of 1 after the decision from the central bank. Ministers agreed to boost oil output. This will be offset by members that did not fulfill commitments in june, such as iraq and nigeria. The saudi minister sees a ceiling. Ellen, this was the deal agreed to by members. Will that have any impact on members for those countries so dependent on china . Ellen that is a huge question. According to the saudi oil minister, not a single barrel will be exported extra in august compared to july. He perceives saudi arabia will consume extra barrels produced domestically and while the price people in saudi arabia pay for oil cost has gone up recently, it is not ....
Turning to political strife in the ukraine. Cyber reports driven by mobile and holiday data continues to trickle in. An upgrade in acquisition and reports in china mobile all amounting to a rise in apple shares. And shipments expected to fall by double digits this year, the most severe contraction on record. And some food for thought as news from yum brands and krispy disappoint. Comscore says shoppers have already spent about 20 billion online this year, up 3 . Ibm also saying some pretty eye popping figures saying both mobile traffic and mobile sales came in at more than 40 higher from a year ago. The data just continues to add up regarding the strn of mobien mobile, jim. I reiterate this is an apple Holiday Season. Dont want to get too focused on apple. Thats the metaphor. Seems like people want to buy phones and buy tablets. The pc numbers are dreadful. On the Hewlett Packar ....
P. M. Eastern time. Tenyear yield still a shade below 3 . Germany, italy, switzerland all closed today. London did just wrap up an early close with a 14 gain for the year. Stocks are set to open up high again today. Streaming video getting a little bit cheaper. Will it be a hit . Netflix working on a lower price plan that only lets you watch on one screen at a time. And the surge in home prices continue. Prices in october did jump over 13 yearonyear. Thats the highest gain since february 06. Robert shiller is here to tell us exactly what we need to know. The dow up nearly 26 , s p up 9, the nasdaq 38 this year. The dow is on pace for its best year since 96, s p the best since 97. All the coverage is trying to take stock of what went right . Or is it fewer things going wrong . David kelly in usa today saying it was the downsizing of fear that allowed money to come back in the market. Its interesting when you talk about that downsizing, we have not seen the broader participation of the r ....
In this episode of Two Old Bloggers, delve into the history of the Minnesota Vikings, explore their multiple first-round draft picks, and discuss the prospects of Sam Darnold. Join us as we analyze past performances, current strategies, and future predictions, engaging Vikings fans with insightful commentary and viewer interactions. SKOL! ....