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This market . I mean, look, i will tell you in a month you know all we know is that the market was relatively high based on relative optimism and the optimism has been punctured. Is it terminal who knows. A mean a few weeks ago the market had a bad day on coronavirus. A monday ago it had a bad day on iran will it be long term or short . Nobody knows. People sort of throw around terms like black swan event and waiting for those types of thing to really cause a dramatic market selloff does it feel to you in your gut through all the markets you have seen that this is the kind of thing that could evolve into that as long as you use the word could. It has the potential to be that kind of thing, a catalyst. But you know, will the you know, its its on fear now you know a week ago, people were talking about containment. Now they are talking about contention now they are talking about italy, and you know, moving beyond china so i think that, you know, in one of my memos bryn knows all the memos ....
Nasdaq on track for the best performance. Dow futures indicated up about 34 points and gains for the nasdaq and s p futures treasuries, the 10year has finally hit 1. 9 exactly been watching for that a long time above that yesterday. Looking at it as the economy has shown some pretty strong signs. Now we do it in tens. Normally we wait for 3 . The volatility we talked about that. The inflation volatility is really low he thinks that why multiples have stayed so high. It will take years of inflations coming back. Multiples can stay where they are. This just happened well bring it to you. An Iraqi Security source telling nbc news that demonstrators have stormed the u. S. Embassy in baghdads green zone they have used tear gas grenades to try and prevent them from moving inside the compound hundreds have gathered what we saw. Some saying it was about time that some of the air strikes killed fighters from iranbacked coalition from opera ....
The speaker the house will be in order. The prayer will be offered by the guest chaplain. Reverend kyle wright ii, Holy Cross Lutheran church and school, collinsville, illinois. The chaplain let us pray. In the name of the father, son, and holy ghost, amen. I thank and praise you heavenly father for moving each and every one of these men and women to serve this country which you sustain in your mercy. Watch over them this day that your will be done in their discussions, decisions, and most of all their actions. You are the god of all power and might who out of love for your creation established order from chaos, peace from discord, and life from death. For the sake of christ jesus our lord, forgive us of our pride, our disobedience, and poor stewardship of what you have placed into our care. According to your mercy, open the eyes and hearts of your people so they may know the depth of your love found only in christ jesus. Dea ....
The bond market flashesing a warning sign for the u. S. Economy. Germany and china both painting a negative picture, and energy financials, semiconductors are leading the declines, which are severe the dow at the low of the session down 782 were down 750 points as we speak. Chris, a crazy day for the markets. Lesss focus on the s p 500. What have been the key levels we have gone through and what are you watching from here i think its striking today feels worse than last week, but the s p trades above, so 2822 was the low, im going to guess theres probably more work to do on the down side. From the lows from may i think we need to put this into some context we need to remember that the s p is up 14 year to date weve entered this period from a position of strength thats different from the summer of 15 or the fall of 18. So i think the temptation is not to get too bearish just yet. If this is the start of a topping process, that will play out over time. Where to see those strengths . We l ....
That. Stuart nice to meet you, nigel. I dont know the song or the guy. Mr. Wonderful walked on the set and hes not going to disturb us and well get on with things till he sits down quietly. Welcome. Look at this, look at that, dow is up 160, nasdaq up 263 and s p up 64. I like it all. Big tech please. Losers in big tech this morning . No, theres not. Apple, meta, amazon, even microsoft is up this morning. Making a noise on the set there, jimmy. Check the 10year treasury yield. Are you happy to be here . Very happy. Stuart okay, 433 on the 10year yield and keeps going up a bit. Its not hurting the nasdaq. Okay, now this. Four years ago, we were all locked down, covid had arrived and the government responded with draconian shut down policies. Now we can see what went wrong. A lot went wrong. The committee to unleash prosperity with a scathing report and this is a fairly conservative free market organization, very different from the health bureaucracies around the covid show but its a lon ....