Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl
Movers today small caps again today as they were all week. Transportation stocks Like Airlines as they have been all week bank stocks, industrial stock, energy stocks. All the market leaders this week as well as today whats lower today the peleton, zoom. Slack is down big today. Thats down about 13 . Big cap cyclical stocks. It was all about the reopening story. Stock of the week, boeing, thats not a typo. Up 43 jpmorgan a lot of bank stocks up double digits caterpillar is up double digits overall. Perfect for the reopening story. Remember the three buckets. The big problem we have got, stocks are pricey. We need to see earnings estimates start going up thats what were not seeing so far. Thats wa hat we hope to see in the next month or two. Now to the bond market where the tenyear is surging back to gas. Rick is tracking the action this afternoon. Rick its amazing. 92 basis points. Were up ten basis points on today. Were up close to 30 on the week as you see on the intraday chart. If y
And the lack of Affordable Housing for a living minimum wage gave many people new choice. Thats been a problem with the city knows turn limits on and told me stay away oh miss. The food if there is no answer because you have the required resource the most vulnerable are abandoned on the streets to become the invisible cops. Greetings and salutations here in the United States as we get deeper and deeper into the fight against the cold with 19 we are seeing more and more news stories and expertly crafted publicity campaigns calling attention to the hundreds of thousands of doctors nurses and other medical workers and support staff who are quite literally on the front lines fighting to treat and save the lives of the more than 800000 u. S. Citizens or infected by this virus. They deserve our thanks our praise and our support new York Governor Andrew Cuomo aptly referred to these workers as quote the troops fighting this battle for us. But while the praise and heartfelt thanks are unquesti
I also have a great guest for you, michael kolanovic, j. P. Morgan, he thinks the bottom is in and hell be here to explain why and well talk about what hes seeing and why hes studying coronavirus trends around the world to try to understand the stock market, netflix made a new high. Bed, bath and beyond, that stock is up a little bit after hours and its down about 80 over the past year. We got a triple whammy we have to start with the market bad data on retail and oil falling to 20year lows and the banks continue to drop on their earnings concern guy adami, of those three because i would argue and i didnt think data mattered at all, of those three which one matters the most to you . I think the fact that oil cant get out of its own way out of those three the way that banks have traded, we can talk about that, but the way the data we knew would be miserable and maybe its worse than a lot of people thought and the bloviating and the noise, it cant get out of its own way and the rally las
Protected paths. The though we move to valley of the shadow of death, we shall fear no evil. Us. Are with you protect and comfort us. The shepherds among us, especially for health for workers, whose care others puts them at risk. And them wisdom, clarity, rest. When our anxiety about disease fear of our neighbors, forgive us. Constricts our hearts up, renew ion drives us. When scarcity clouds our judgment, lead us. Protect those most vulnerable, especially those who are sick, isolated, unemployed, or without shelter. House of he representatives. Uide the members along right pathways. Always alert to the reality of us. Threats facing give our leaders calm assurance you. Biding trust in amen. The speaker pro tempore to section 7a of house the journal of the last days proceedings is approved. Lead the will now house in the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with l