Chip botox straight ahead and we start with the rorschach test. Which did you see today . The dow closing at its highest level since march 10th and vaccine hopes with stills and stocks closing near session lows and the relationship 500 failing to hold its 200day moving average or guy adami, how do you interpret the ink blot being that i cant see it, is that the guy from welcome back cotter, mel or no, that rorschach test guy i think were having problems with guys audio tim seymour, well go to you on this which ink blot did you see today . I actually heard guy and he made a bad joke of welcome back to cotter. It was closing near march highs and i think we have a case where the reopening has allowed people to look at industrial and call them value stocks, but the ones that were the most beaten up and to begin to assess what schedules are going to look like for airlines out through kind of early to midsummer. We have no idea, but we also have some sense that the worst case has been largel
Pete, our story, they say, we expect trumps tax changes to be b voted on by congress, boosting sentiment and growth in the u. S. And risk appetite. I think thats something a lot of us have been talking about for a while now and while youre waiting, if you look at volatility where it is trading now and you see how low it is and you have an opportunity to protect and ride the bull market, why wouldnt you . Theyve heard the pessimism, all the reasons why not to be in the market. If you look at this earnings season, when you look tat xaat companies and how well they performed, financials, they reported great numbers. Now, the performance has not been there and thats probably because the huge move post election. Doc, they say maybe the market got ahead of itself with this whole notion of reflation because of the president s agenda. But its going to pick up and pick up strong into the second half of the year. Theres not pessimism in the markets. There might be pessimism about other thick thi
Now Strong Enough for a december rate hike . A lot of things happening today, but first of all, a very Big Development in the president ial race. Eamon javers joins us in d. C. With more details. Eamon . Mandy, thats right. A blockbuster report here in politico. Com this morning. Politico reporting that ben carsons campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. Theyre saying ultimately ben carson was not ever an applicant to west point. In his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. Politico reporting that the Carson Campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. In fact, west point is tuitionfree for those offered admission. Theres no such thing as a full scholarship in any case to west point. This follows on a number of controversies for ben carson and his campaign whic
Nasdaq has been meeting all day long, but over the course of the day, you see some volatility, a couple of dips, but then turning into recovery. Indeed, investors have had a lot to weigh. Earnings, Economic Data, looking ahead to tech earnings, looking ahead to tomorrows gdp data. If you look on the earnings , the snapshot of the earnings season so far. The is the busiest day of season, we have about a third of Companies Reporting in the s p 500. 50 of companies that have beat the estimates on sales. 80 when it comes to earnings. Growth, looking at sales for s p 500 companies, and average decline in stales sales of 1. 6 ,. . David i imagine investors are still it digesting the numbers we got from facebook. Julie definitely seeing that stock reaction. Looking at the euro there, but if you look at facebook i can tell you what it has done because we do not have the graphic. Facebook shares are up 16 at the moment. They have been bawling of the other Technology Shares along with it. Amazon
And better caps. Tyler he is a out today. Sue down on the floor, the new york stock exchange. Over to you. Thank you, simon. The s p 500 beating the dow industrials by a long shot so far this year. Check out the chart. The s p 300 better than the dow. Investors and traders play these through the etf market. The dia covers the dow stocks and sp kwlchlt, s p 500. Which might fare better in the second half . Mike holland is chairman of holland and company and lee part ridge, chief Investment Officer at salient partners a great team to talk about this mike, let me start with you, if i could. You do not believe the bull run is over, there is more ahead. Which of the two indices i talked about do you think might fare better the second half . The second half is quite a short period of time. I think the divergence will probably narrow. I think we have had, a few years ago, the big cap stocks so undervalued relative to the rest of the market stocks like intel, microsoft, in fact, so cheap, they