Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. It is an outlier call, but deteriorating data is consensus, and here we are running straight through it. Tom maybe it is a biden administration, the fed coming on, stimulus coming on. You keep talking about the russell 2000, up 11 year to date, and it has been a moonshot the last number of weeks. The nasdaq 100 lagging recently, up 34 year to date. 500 up 12. 5 . P for you, we
The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on
Thrilled you are with us, the simulcast, Bloomberg Radio coasttocoast, and good morning on bloomberg television. The new york city Christmas Tree lighting tonight at rockefeller center. All of the worry we have talked about of this pandemic, death set a record level in the United States come breaking the april 29 level as well. Jon, the markets speak. Moments ago, euro out to new recent record strength. Jonathan a record high in the equity market, the unwelcome record of the pandemic. 1. 21 53 on eurodollar. Once again, it is broadbased dollar weakness. You just wonder how uncovered it will this will make the ecb and how comfortable the move in eurochina will actually keep them. I think that is key, what happens broadbased for euro against other currencies. The im looking at bloomberg terminal here. You can see that on Bloomberg Radio right now. Renminbi comes down as well, with an abrupt move. At all correlates together, and then theres this zombie, the gloom of the bond market. How d
Street audience. It is really important to look at the levels here and not the abrupt changes day after day. Moments ago, s p futures 3500. Dow level, 29,000 plus. Nasdaq 100 level, 12,000. That is a market that is adjusting. Jonathan the nasdaq up 9 since election day. Three days, nasdaq futures up 9 . Can you make sense of some of this price action . Tom absolutely not. Jonathan seeing the equity market up this much is pretty impressive. Tom we can pontificate about it. Lisa will have all of the answers about why we are moving up. Just in the last hour, yields come in. Of all of the political debate this morning, the one little tea leaf was in georgia. Mr. Biden narrows the gap with 96 counted. Tom you mentioned jonathan you mentioned the bond market. The company continues. Lisa if you want a neat narrative, you can but fun of me and tell me it is wrong, and it probably is, but i think the narrative of the day is that the fed its going to have to provide more support to the economy b
Another one coming in half an hour from now. Lets go through the techs because they are obviously doing well. Apple, you have to share with apple, tens of millions of shareholders, up again 3 bucks higher, 137. Amazon, now well above the 3,500dollar mark, the company is worth over 1. 7 trillion. Microsoft, also worth 1. 7 trillion with another record high. Up another buck today at 228. We will bring you the rest of the tech titans in a moment, just wait till you see zoom and how much its worth. Politics, you are going to see a sharp contrast in Campaign Styles today. The president continues to fly all over the place answering reporters questions whenever possible. Hes off to North Carolina today. Joe biden will not be getting on a plane when he travels to wilmington, delaware. He never goes far and shies away from reporters questions. This is becoming a political issue, favoring President Trump, hes out and about almost every day. Joe seems unwilling to abandon his basement strategy an