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Reporters. Taylor i will take a look at a chart here i am showing which is looking at the s p 500 for the month of december. I know it is only the first day of trading in december. We are off about 0. 8 . This comes after a very good november in which we had our best month since june. If you think about historically where we have been, december 2017, nothing really happened. December of 2018, a big bottoming out. The index lost more than 9 , bottoming out there on Christmas Eve before a big run up which led to the 25 gain or self we have seen gain or so we have seen this year. Is relatively muted. Still early days. We will have to see how the rest of the month unfolds. Called the skew index, the panic index. Last summer, well ahead of the Fourth Quarter volatility, the skew index in white here, highly elevated as the vix index. Stocks took a big nosedive in blue. The vix then ....
Thermometer but the correlation to equities bonds is really rich. The team leave for me on a monday morning is i see japanese yen just creeping ever so slight. It is just a bit of a weakness. Jonathan 149. 74 at the moment. We averted a shut down and we will get payrolls friday. Ultimately we will do this again. Lisa i cant wait until november when we can do it all again. What i find interesting is the threat of higher rates and the lack of economic weakness on the heels of a Government Shutdown is what is spurring the concern in markets today. All of the sudden people are taken the bond who seriously. Jonathan energy prices, rates, apparently this is the quarter when this consumer frame begins to crack. Tom is the basic theory and then you talk to optimists and there are a number of them and they say no, you saw that in september. I had a great conversation with neil by the neal dudda. He said is not about 4 growth it is tui ....
Cost is going to federal government taxes and fees that are imposed upon the consumer. They should turn the witchhunt back around on them. Would they rather an industry that has half empty seats or half empty planes that loses millions of dollars, or would they rather an industry that instead has full planes and is turning a profit that is able to then reinvest money into the economy that provides good middleclass jobs . Because thats what the airlines are doing right now. And the only reason these are so high are because of the federal government taxes that are imposed upon, you know the airlines here and they have to absorb that cost somehow. John is this really going to make the flying experience any better . Is it going to improve our lives any more . No and i dont understand why theyre doing this. Its hard to fathom how wrong the government is in this. Senator blumenthal, who lied about his military record has also come out and said air fares are skyhigh. Hes completely wrong on t ....
Cost is going to federal government taxes and fees that are imposed upon the consumer. They should turn the witchhunt back around on them. Would they rather an industry that has half empty seats or half empty planes that loses millions of dollars, or would they rather an industry that instead has full planes and is turning a profit that is able to then reinvest money into the economy that provides good middleclass jobs . Because thats what the airlines are doing right now. And the only reason these are so high are because of the federal government taxes that are imposed upon, you know the airlines here and they have to absorb that cost somehow. John is this really going to make the flying experience any better . Is it going to improve our lives any more . No and i dont understand why theyre doing this. Its hard to fathom how wrong the government is in this. Senator blumenthal, who lied about his military record has also come out and said air fares are skyhigh. Hes completely wrong on t ....
Cost is going to federal government taxes and fees that are imposed upon the consumer. They should turn the witchhunt back around on them. Would they rather an industry that has half empty seats or half empty planes that loses millions of dollars, or would they rather an industry that instead has full planes and is turning a profit that is able to then reinvest money into the economy that provides good middleclass jobs . Because thats what the airlines are doing right now. And the only reason these are so high are because of the federal government taxes that are imposed upon, you know the airlines here and they have to absorb that cost somehow. John is this really going to make the flying experience any better . Is it going to improve our lives any more . No and i dont understand why theyre doing this. Its hard to fathom how wrong the government is in this. Senator blumenthal, who lied about his military record has also come out and said air fares are skyhigh. Hes completely wrong on t ....