Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of people, the feds will take action today and i come back, peter bachvar was on with dominic chu unless the fed can create a vaccine or beat the virus it doesnt matter you said on friday this is a biological crisis. Not ultimately it could i dont think it will turn into a liquidity crisis, for a state at home economy and when you have a Service Economy like we have, you get an upgrade for darden, for instance, last week, Cheesecake Factory are you kidding me anybody anywhere theres a gathering is goin
Said that they would finish the wall by 2021, but now the governments top border official says, not so so fast. One border sheriff reacts. Hello, good evening, im blake burman in for elizabeth macdonald. The evening edit starts right now. Else to begin other than your with money and the markets. It was another record close this evening for the dow, and for the fifth friday in a row we can say the s p 500 notched another weekly gain. The market continues to rally into the end of 2019, so we kick things off with gerri willis on the floor of the new york stock exchange. Reporter it was a strong week for stocks, but they stumbled into the close here. Looks like santa may be leaving the building. We got a new record high for the dow, the 22nd of the year, up 23 points. The s p virtually flat. So no record close there, and the nasdaq did not make a new record close, though it was above that allimportant 9,000 level. Listen to the s p 500 and what its managed to accomplish this year. The bigg
I always hear people talk about what is working at the moment. In the old days when the great rule the mornings, i remember each time i cohosted he would introduce me as reverend jim bob of the church of whats happening now. It was fun. It seemed like everyone was running their own personal hedge fund. It was an understanding that a stock could be huge today and gone tomorrow and everyone was fine with it. Those days are over. If you recommend a stock for trade, even if you say buy it today for the Analyst Meeting tomorrow and you so, there is always video, youtube kicking around shows you liked the stock that you never gave the call. We have gone beyond that, we are educating you to be a better investor, the same thing we do every day at a higher intense level. Tonight i want to introduce you to the concept that is so important, it is called suit ability. What works for you, what is right for you, not for this month for your ge. I did not think about suitability when i was in training