Hd5. Hd5. Hd5. Hd5. A Good Samaritan who tried helping two stranded swimmers was swept away by a strong current. All three ended up near a sand bar near plum island between new york and massachusetts. Eventually a coast guard crew managed to rescue them. The swimmers swallowed a lot of saltwater but are expected to be okay. Turning now to the growing concern among Health Care Workers about the rising rates of coronavirus infection. Now a new call for nationwide shutdowns. I spoke earlier with dr. Ravi. More than 1,000 Health Professionals have now signed a letter to the government saying its time to reboot our fight against covid19. They argue we should shut down the country again and start over with testing and tracing. Whats your take . Kenneth, i agree with many of the tenets of the letter. I think we do need to improve our testing, i think we need to ramp up our contact tracing. I do think it is going to be difficult to go back to square one across the nation. I think we do need to
The 10 year yield is seeing a flattening name put on. Crude oil, down 8. 7 . Dive intoa deeper what is going on. Mentiont to commodities. It is across the commodity complex. Copper futures are down. Grim Economic Outlook from the fed yesterday, plus a possible resurgence of the virus here in the u. S. You are seeing one commodity higher, that is gold. Up 8 10 of 1 . The dollar is also stronger here. A weaker dollar is a proxy for risk appetite. But the dollar is indeed gaining 8 10 of 1 . Investors are looking more for safety, less interested in risk assets. There is a lot of conviction in equity markets in particular. At the open, we saw volumes basically double over the past 20 days or so. We are still looking at volume over 24 above the 20day average. A lot of conviction in the selling we are seeing. We are seeing the cyclical rotation we all have been so excited about in recent weeks totally reverse quite dramatically. Industrials, financials, materials are the biggest laggards. Tr
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 505 stocks in the s p 500, only one closed up, kroger, one of the classic kind of coronavirus safety plays. Did i
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