1. 1 but underneath, it was insane after a big dip at the opening, the market came roaring back into the black. This was a day when both the recession stocks and the recovery stocks worked long term thats just knot sustainable. Sooner or later, someone, one of these two groups has to be wrong but short term as were taught, anything goes. Let me break this one down for you. This market has two big themes, completely contradictory and a third team thats down right apocalypse first, the american awakens train. The people who buy into this thesis, well, they believe the government made a terrible mistake locking down the economy. Im part of that group we wont make that mistake again. Now that the country is reopening, they expect people to go out and spend and return to work as they see it for all intensive purposes, the pandemic is behind us the worst is over. We have a better understanding how to treat covid and in the fall it wont be on the radar screen despite records in florida and te
Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are sitting on the sidelines earning very little, the disastrous bear market at the turn of the century impoverished a whole generation of individual investors who got burned by chasing, yes, the hottest stocks imaginable when the dot com crash hit, it ended the greatest love affair ever told. I was part of it i started the street. Com in 1995 immediately found hundreds of thousands of people with a thirst for any investing knowledge to level the Playing Field. Between the rich and the not so rich at
Broadcasts of preseason games are suspended in china while the nba commissioner says profit can come before principles. And as we said, boeing under pressure, the company sued by the Union Representing pilots at southwest over the now grounded 737 max. So tensions between the u. S. And china ahead of trade talks expen scheduled for thursday in washington targets include ai startups, a spokesperson for the Chinese Foreign ministry quoted as saying stay tuned for retaliation. And then there is additional reports out of the Chinese Press theyre going to cut their visit short by a day not carrying the official title of envoy, they havent been given official instructions from xi. You couldnt have a worse way to start these talks lets go back, run the tape back to friday. Larry kudlow was optimistic something would happen and there were other members of the administration saying what the heck no they havent agreed to any of the seven deadly sins to roll back the intellectual property, someth
Subscription service will it be a game changer . Halftime report starts now. We begin with the markets red for now. Just off the lows of the day as we have learned lately, though, the end of the day can look very different than how it does at 12 00 noon so investors keeping their eyes on several fear factors as it were including those protests in hong kong, the latest in the china trade talks. Josh, size it up for me. Here we are in the red what gets us out of this volatility grip . A lot of fears flying around the street the notes are flying well get to in a second. I think the word volatility is the way people are looking at what they own, what itself in portfolios you see a lot of people giving up on stocks right now thats an interesting phenomenon to have happen so close to a new all time high. So when you look at a break down of the market. Splv vs. Hpsv is informative splv is approximately half the market since fed day. That is only down minus. 4 if thats what your portfolio is o
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be