G20 bond sell off continues in the u. K. In japan, italy, germany and here and oil is reversing some of yesterdays losses our road map begin with after a strong start to the second half stocks are stalling. Markets set to open lower amid signs of a tech rally and lowing sector hiring last month president bullish on u. S. Markets as he prepares to meet merkel, putin at the g20. Shares of costco climbing in the premarket stronger than expected june sales. Futures moving lower ahead of tomorrows key jobs number shows the private sector added 158,000 jobs in june meanwhile jobless claims fell still near historic lows well see what it means for tomorrow. Historic loes and some of the minutes yesterday, some of the deviciveness still lead me to believe there would be a rate hike which is what we need its not talking to north korea. You saw the futures go down. They actually rally. I dont want to put too much on that. I think that the fed minutes created a little bit of a flurry some thought
They think this is unsustainable and were in a dangerous position sell sell sell. The house of pain the dow dipped six points the nasdaq advanced 0. 38 . I want to address this reluctance to believe in the bull head on by going over the top ten reasons why investors always seem to have one foot out the door, despite the fact that weve had one heck of a run, from the lows way back in march of 2009. So lets go right to it. The first one, weve been hearing it for years the bull has run for too long. Its now on its last legs. Put aside the fact that bull markets dont die from old age, but die from recessions, rate hikes or new ipos. Weve had three serious corrections. One in 2011, when the s p 500 downgraded the Credit Rating of the united states. And in 2015, fears of a chinese collapse and one in february of 2016, related to the collapse of oil so this stocks entered bear market mode that its almost like weve had three bull mar t markets. Thats why i cant buy into this senile bull feces.
Of Consumer Spending. Many Factory Services continued to show modest to moderate gain. Construction expanding, Energy Activity generally improved except for call. Employment continued to show modest to moderate pace of expansion. Industriesge of reported, difficult to find qualified workers, particularly for construction and i. T. Jobs. Labor shortages are a barrier to expansion. Case, thet is the labor market continues to tighten which groups only at a modest to moderate pace for low and high skilled workers. Overall prices continue to rise modestly across a majority of districts. In some districts, they may ease. Report thatoderate should have a modest impact on wall street. Mckee. Ks so much, mike lets get a check on where stocks are trading following Janet Yellens testimony earlier. Julie more reaction to janet yellen. We have got the dow that has flirted with a record close today. We have included here. Big and small, looking good. Today. Aining by 1 for the fourth session after t
Of Consumer Spending. Many Factory Services continued to show modest to moderate gain. Construction expanding, Energy Activity generally improved except for call. Employment continued to show modest to moderate pace of expansion. Industriesge of reported, difficult to find qualified workers, particularly for construction and i. T. Jobs. Labor shortages are a barrier to expansion. Case, thet is the labor market continues to tighten which groups only at a modest to moderate pace for low and high skilled workers. Overall prices continue to rise modestly across a majority of districts. In some districts, they may ease. Report thatoderate should have a modest impact on wall street. Mckee. Ks so much, mike lets get a check on where stocks are trading following Janet Yellens testimony earlier. Julie more reaction to janet yellen. We have got the dow that has flirted with a record close today. We have included here. Big and small, looking good. Today. Aining by 1 for the fourth session after t
Course, and also snapchat. Highlights from that interview and i did a little golfing, yes, golfing, nfl great joe montana, and he said i was standing on the wrong he said i was standing on the wrong side of the ball. Yes, we were trying to get it in the clowns mouth. Are you lefty how long have we been working together anyway, well see who won that putting contest. Who you betting there on there i know who my money is on well see, thats coming up we begin in washington, Janet Yellens testimony wrapped up a couple hours ago before the House Financial Services committee, we are joined with some of the highlights kelly, this could be yellens last two days of testimony on the hill her term ends early next year. And politico reporting that nec director gary cone is the front runner for her job when pressed by lawmakers on this question, yellen trying to deflect them. I absolutely intend to serve out my term. Im very focussed on trying to achieve our congressionally mandated objectives, and