I think what weve got is a range. I dont think its anything really terrific, and i dont think its anything bad. One of my favorite technicians, larry williams, who was the dean when i was in diapers, he was doing great stuff, weve been going back and forth about the notion, look, until we get closer to action, hes usually an october 20th buy. I mention because neither one of us thinks theres anything catastrophic ahead but neither one of us is excited if you are excited, if you think we will return to the days when stocks only go up, you will be disappointed, scott. I just think what were seeing with the teslas is emblematic if you get too excited. One of the central questions whether tech has gone down enough relative to how much it ran up i bring that up, you look at the faangs, month to date microsoft down amazon, facebook down 11, 12 and 13 1 2 here is what mike wilson told us from Morgan Stanley thinking tech could have a ways to go before its done all right, well, we dont have th
Thats the lowest since july of 2022. Whats going on here . I think its way too premature to talk stagflation. Thats the word of the day, the dreaded s word. Its premature. That gdp number last week i think will get revised higher. I think the consumer was misrepresented. If you look at all the numbers, the wage numbers weve been getting in the eci today, up 4. 3 year over year, thats great for the consumer. If you look at the pce last week, income and spending grew 5 and 6 respectively. Thats great for the consumer. Manufacturing, we talk about it all the time, i had a whole slew of companies today that reported earnings in the manufacturing industry. And they are on fire. Parts of manufacturing. Why Consumer Confidence then if its so great for the consumer . Why is confidence the lowest since july of 2022 . Something is going on. I think it ebbs and flows, and i think it has to do with, yeah, elevated inflation. Weve talked about that. Its coming under control. I mean, the core pce nu
There were chain requirements on highway 80, at this time, drivers are not required to have them. Officials are advising it is a good idea to have chains if you are heading up to the sierra. Look at that snow and you think, here we go time to break out the skis. As he mentioned, a few days ago we were talking about record heat in the bay area but now the snowfall has some Cool Temperatures as well. Nice to see it looked like winter in the mountains, a winter storm warning has expired. This is out towards north star, the amounts are adding up, especially around donner summit. They reported over a foot of snow, one unofficial report from squaw valley, of at least a foot or more. Most of the resorts reporting 3 6 inches. The peaks could have more as well. Nice to see the sierra pickup snowfall, a great her to the season. Bay area rainfall totals, napa and mill valley with a happened rain, santa rosa has amounts tapering off and San Francisco. 11. Here is the live camera out toward San Fra
Sandwich. Heather jason brewer in the Storm Tracker weather center. The snow on the way out right now but a few spots. Jason yeah, a few impacts to get through here, the nor easter well south of our coastline. Over the ocean. But the pack side, still a little bit of snow from the outer cape down towards nantucket. We officially still have a winter storm warning in affect until 7 a. M. For those areas. So just watching out as that moves away over the next hour or so. Radar, provincetown clearing out now and even a little bit of sun breaking out. Check out your future cast temperatures, 8 in the morning, upper teens, lower 20s from boston to plymouth. Low 30s there around nantucket. And as we go into the day today, able to get back here the freezing mark or a little above in many locations as sunshine returns for many of us. There are those snow totals, that fine line lifted north ward. City, a little bit higher than i forecast. Either way the cut off line was very sharp as i told you. U
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