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Gains. Another blow for conservatives, they also lost a blackpool by election. The third biggest swing in the postwar by election history. Heres our political correspondent, hannah miller. The Prime Minister touring a Military Base with very little to laugh about. Laughter. Trying to defend his partys losses after a dismal set of results. Obviously its disappointing to lose good, hard working conservative councillors, but weve still got lots of results to come as well. And there are also things that i would point to. Harlow, for example, where keir starmer held a rallyjust on wednesday saying that was a place that he had to win to be on track to win a General Election. That hasnt happened. The conservatives did deprive labour of a win in harlow, but they still lost five seats and are considering that a success. The part ....
As we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. S p 500 in the middle, up. 5 , so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. Another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of Different Industries with 14 day relative strength index above 70. In other words, are we seeing them overbought at these levels . Look at the s p 500 in blue, the percentage going up even as techs have been going down. Indicator forum this group relative to the broader market, that it has been weakening versus the broader market. On the subject of rotation, if you look at some of the weakest names today, they are in the top 10 performers in the s p 500 this year. Align technology, maker of the invisible line braces alternative, we have ma ....
Details on that. Labour having a turbulent time in england, scotland and wales, parts thereof. Strong challenge from the snp. In wales theyve lost bridgend and merthyr tydfil, keeping hold of cardiff, swa nsea tydfil, keeping hold of cardiff, swansea and newport. In england theyve lost more than 100 councillors, many to the tories. Theyve won the male role contest in the Liverpool City Region. Lost the Liverpool City Region. Lost the mayoral contest. And it has been a terrible night for ukip, overnight they lost every seat they were defending. And the party has been wiped out on Councils Like lincolnshire, hampshire and essex. Their vote share is down dramatically, most of it going straight to the conservatives. In scotland the snp have managed to deprive labour of an overall majority in glasgow but we are n ....
Details on that. Labour having a turbulent time in england, scotland and wales, parts thereof. Strong challenge from the snp. In wales theyve lost bridgend and merthyr tydfil, keeping hold of cardiff, swa nsea tydfil, keeping hold of cardiff, swansea and newport. In england theyve lost more than 100 councillors, many to the tories. Theyve won the male role contest in the Liverpool City Region. Lost the Liverpool City Region. Lost the mayoral contest. And it has been a terrible night for ukip, overnight they lost every seat they were defending. And the party has been wiped out on Councils Like lincolnshire, hampshire and essex. Their vote share is down dramatically, most of it going straight to the conservatives. In scotland the snp have managed to deprive labour of an overall majority in glasgow but we are n ....
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