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The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and ....
The dax is up. Its up by about a quarter percentage point. If you want to check out crude oil prices today, yesterday giving back some ground. Relatively flat right now. Down by about 4 cents for wti. Dropping slightly this morning as major producers down play the chances of an output these at this weekends meeting. Separately, the International EnergyAgency Cutting its estimates for Global Demand growth in 2016. And it is another busy day for Economic Data and earnings reports. Were going to have weekly jobless claim at 8 30 eastern time. Expect it to hold steady. Filings have been 300,000 for about 58 straight weeks now. Also at 8 30, were going to get the march Consumer Price index, headline cpi expecte ....
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