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The election but it has had an effect on the markets today. Clintons performance causing a additionlly today in to we have a Consumer Confidence reading for august that was the strongest in nine years with survey respondents saying they see jobs as plentiful at the moment. Aroundhave been hovering highs of the sessions for most of the day. What specifically we are watching, the fang stocks to the floor as of late. Largecap technology counting for a lot of the recent gains we see. We were talking about the sector spider report and amazon trading a record. Netflix higher, helped by price target increase. Alpha that is also gaining ground, so tech is the single biggest contributor. One exception is linkedin, on a report that there may be regulatory opposition in the eu. Thats coming from a Market Research firm. Clearly where those headlines hit. So thats a bit of outlier i ....
Market mention. Consumer confidence comes in at a nineyear high. Much better boost in Consumer Confidence than people had anticipated. We got past the hump of the president ial debate, which had caused uncertainty. Thats right. If you take a look at the s p 500 you can see that it closed up today, led mostly by retailers and technology companies. Part of that is the relief rally, part of that is the Consumer Confidence numbers that you mentioned. We were also talking about banks earlier. Rebounding a bit from yesterday. Closing up yesterday from where it was yesterday. Eating into a bit of the relief rally. We get tooe optimistic, lets take a look at some energy stocks. Skew, a look at the thats a oneyear high indicating that investors are nervous about energy stocks. Getting back to that old uncertainty. On the G ....