Where the dow gained and nasdaq pole vaulted 1. 35 a lot of people assume any given day is a random walk where the odds are 50 50 either way. This is a mistake that a lot of newcomers make its almost as if they see the market as a big casino and settle it through the roulette table where they bet on red or black. When they see a stock with a full head of steam, they want to put their chips on it. Black going higher red going lower. But if youre going to trade, im begging you to be more disciplined than that. If you bet on black when the market looks good and red, youll get your hand handed to you. Something that happens a lot including this mornings opening. I approach day trading the same way Sports Betting i cant gamble but i know what im doing. Each session is a game, a battle between the bulls and bears where you have to pick a side. My method, i try to figure out who is the favorite and who is the underdog like in Sports Betting. Because you always want the wind at your back when
And someone who would work well with jay powell at the fed. Extradition bill abuse and fundamentally unfair, a top u. N. Panel slams japans treatment of carlos ghosn, saying his repeated arrest violated human rights. Lets kick off with the markets. Australia coming online in hong kong. Sophie we are seeing the asx the aussie 1 while dollars steady ahead of an online speech by the rba deputy governor. Set for the best monthly gain on record we do have nikkei futures pointing higher with staying steady this morning. Getting a lift from vaccine news and the prospects of what a yell and lead treasury may mean for stimulus. There may be some effects from risk related to huawei. The latest things around that along with the potential for more u. S. Sanctions on china. The offshore yuan holding steady, holding threeday declines. Korean stocks later today, watching to see if that rally will continue after the kospi hit on monday with improving trade and earnings outlook. Taking a look at the ne
Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
Going forward what lesson should policymakers learn from this recent rise of populism on both the left and the right . Today i were discussing these issues with two great guests, first Casey Mulligan is professor of economics at university of chicago and he served as chief economist for the council of economic advisers in the Trump Administration from september 2015 august 20 because most recent book released last month is your hired, untold successes and failures. Michael strain is a john scholar and director of Economic Policy studies here aei, the author of the American Dream is not dead but populism could kill it, released in february of this year. Heres how the event is going to go. To start up k she will speak for about ten minutes and then mike will offer a ten minute response and after that we will have a Panel Discussion for a while, and towards the end of the discussion about 10 45 we will do a q a so please submit your questions on twitter with the hashtag ask aei econ. With
You can see individual markets and you can see how we are seeing most of these north asian performers here. Hong kong is up about. 6 . We just heard from carrie lam who said the social distancing measures may be on for a while in the city. Jakarta coming on pretty strong. We are counting down to that rba Rate Decision and the budget announcement. Super tuesday in australia. We take a look at the yield curve as well. That will be the story here. A massive steepening overnight. Take a look at the two and the 10. As well as the 30 year. That yield reached the highest since june as we continue to price in this blue sweep. Powell the fed chair jay speaking later on. We will watch the aussie 10 year. 89 business points for the aussie tenure. The dollar also selling off on expectations of more fiscal stimulus. You do have the aussie as well. That has been gaining ahead of that dual announcement coming through. Heading closer to 6. 7. Haslinda we want to show off u. S. Live pictures. Mike pomp