That thats really got us going this morning. Yeah, its this its on the front page of your sensational soaraway star, rise of the soaraway daily star, rise of the sun psychos. This is a 45 sun psychos. And this is a 45 of brits. Yeah have what they call weird sandwich combos. Im worried about this. What are the combos . Well, the top of the list is. Well, theyre saying a baked beans sandwich, so not baked beans sandwich, so not baked beans on toast. You know, the old favourite, but a sauna packed of beans. See that packed full of beans. See that all out . Thatd a all fall out . Thatd be a nightmare eat. I dont know nightmare to eat. I dont know if the beans were hot, id be quite up for that. Love a baked beans. And i love a baked beans. And then you had a nice farmhouse then if you had a nice farmhouse loaf. Yeah. Okay. On board loaf. Yeah. Okay. Im on board with but the mechanics with that one. But the mechanics of then the of that work, because then the crust keep the content in. Crus
Oil is lower. It is recovering as well. Banks seeing even steeper losses today. Raises the question of whether the rally for stocks is over for good. Whether this market is really on the verge of some serious trouble. Pete, is it . Is it in serious trouble . I dont know that its in serious trouble but will it trade lower . It absolutely is going lower. And when you look at this rally and we have been talking about this for days now. The rally is encompassed by materials, energy, a few other names here and there but financials have been lagging on these up days and on the down days they have been almost in the leadership role so we have to see the financials show any kind of stability. We havent seen that. 1810 was the low in february. Are we going back there or even lower than that, doc . No i dont think we are. The reason is i think its a reaction to the exit, the potential exit by Great Britain out of the european union. I think that is why, that 3. 6 move that youve seen out of the
Well from its lows. Question now is how long can it last and that debate fwins right now. Is this real in commodities or not . Its been massive Short Covering. If you take a look at Hedge Fund Flows they start borrowing and start exiting the short positions in these names. You couldnt wait to start the show and tell me that its not. I dont see anything that changed. As a matter of fact thing versus gotten worse. Weve seen what china came out and said with their trade numbers so that economy is not picking up and they have major issues there so that will continue to lead to just lower Commodity Prices and also if you take a look at the iron ore producer, you have seen the major rally there, in fact, the supply has not ended. So we had valley come out and announce new joint venture. 8 or 9 we mentioned on the show. But capacity has not come out in iron ore so to me nothing has changed. You can see Short Covering. Theres way too much bearishness. Lots of late players came to the short pos