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After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was ....
Go, it is the only index that is higher for the year. Lets bring back our investment strategist at allie on global advisors. Something romaine mentioned, the low volume. They, down about 14 versus average. In may and gosell away. How much can we rely on these doesnal trends to work, or that go out the window because we are in unprecedented times . Coincidentally, we are at a point where markets are at a bit of a crossroads here. We are just beginning this reopening process. Very much the coast of the country, where the High Economic stillnancial hubs are, largely closed. There is a lot of uncertainty on what lies on the others of this process. I think the market move does put us at a point where we may be priced to a very positive or at least the baseline stable scenario. You is interesting, and probably noticed this as well, but the dichotomy in the market from a sector by sector perspective is striking. Financials, energy, indust ....
Faces as well. There is also going to be, it is clear, a lot of communications between the u. S. And chinese negotiators here in the upcoming weeks as President Trump said this could take three, four, five weeks, maybe until the apec conference middle of next month to get quoteunquote, papered. Earlier today i asked treasury secretary Steve Mnuchin what a mode rap might look like over the upcoming months and this was his response. The current plan there will be deputy level calls this week. Principal level calls next week between ambassador lighthizer and myself and the vice premier. Those are things that are planned. I wouldnt be surprised if there is deputy level meet national person. I think our expectation well meet with the vice premier in chile before the president s meet if there is any final issues. If we need to have inperson meetings more inperson meetings to get th ....