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Patience in advance. We have now migrated to web ex and are all new to the platform. Especially me. I expert this will eliminate some technical difficulties but may create new ones. If you are not speaking please mute or turn off video camera. Sfgovtv is broad casting and streaming live. We will receive Public Comment for each item on todays agenda. You can call 415610this access code will change on a weekly basis. That is one of the changes associated with migrating to web ex. When you are connected and would like to make your Public Comment for a particular item, please press star three to be added to the queue to speak. Each speaker will be allowed up to three minutes. When you have thirty seconds remaining, you will hear a chime indicating your time is up. Best practices are to speak clearly and slowly. At this time i would like to take roll. Proposed for continuance. Iem ....
Dom chu, the markets in particular you can see here 3385 is where were at on the s p. Were a stones throw, kind of spitting distance from there 3393 is the intraday record high, so those two levels to watch. The dow underperforming with the nasdaq returning to that leadership position almost a full percent today record levels of home Builder Sentiment to the upside. A far cry from where we were four months ago with regard to homeBuilder Sentiment. If youre looking for a marketplace for better days ahead, check out whats happening over the near term with etfs. They both track Home Construction and stocks. Look at the massive surge weve seen from those particular etfs just since the covid lows in march. Remember, a big deal responsible for a lot of jobs in the economy as well. Well watch that trade the stock of th ....
Belie [ bleep ]. More of his reaction straight ahead. We start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10 from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say . I think in the near term that it probably is ultimately, i dont think this is the rotation weve all been waiting for. Near term, i do think there is more room to the downside. I think just focusing on the technicals right now is important, because these things clearly arent trading on fundamentals it looks like a lot of these stocks have breached that level. I do think theres more room to go this is what happens when share prices move in this way. Its this gain theory approach where people are buying these stocks because they think other people are biuying these stocks i pointed this out on twitter earlier in the week. Even after ....
Zhang thinks this Old School Auto maker has a better grasp of the future than many give it credit for hell show you how to plug in with the right circuit breaker. And in this market, elmer fudd might have said, be very quiet, im hunting yield but theres always a pesky welcome ba wab wabbit to beware of. The Home Construction trade on fire this year with both the xhb and itb up double digits the rally comes as Mortgage Rates hit new lows and home bound americans tackle Home Improvement projects carter, what are the charts telling you . Well, the question is at some point is a lot or everything priced in. Its been a great area obviously we know the story thats been in the news about refis and Home Improvement ....
And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim scott and nikki haley and the president as surprise appearance and a vocal audience preview will see it. Day two, melania speaks tonight, rand paul, eric and tiffany trump, you will see that too. I gotta say this, our heart goes out to louisiana, mississippi, texas and neighboring states. Marco faded but here comes laura. Landfall probably tomorrow, could be a cat two or three storm the people of ga ....