I see Energy Leading the way welcome just like tyler said, tech is lagging the Broader Market right now. You can look across the sector board behind me. Financials down only 1. 3 . Look at technology its the worst performer down 5. 6 today even as the nasdaq hit a record high yesterday, its not just the big cap tech stocks selling off. The momentum names have been struggling for a lot of this week already take a look at zoom. The stock is up nearly 500 this year the this amounting to a pretty big pause. Same story with tesla. Its down 18 . Finally docusign is down about 10 . About 8 today 10 in two days and it reports earnings after the bell. Well have more on that in a moment first, lets get to bob for more on this market sell off today. Bob. Youre right, kelly this is largely momentum driven. Not external news events around the economy or vaccines like that the news has been positive let me show you the momentum etf. These are the Largest Holdings in the momentum etf. Look at stuff t
A lot of swedish people why im saying this is because this is a place a country. That you would call a High Trust Society and you know High Trust Society you trust your thora case you trust the police you trust everybody your neighbor and this means that you dont need mary brutish type of techniques to make people follow here you need recommendations and people will go with you. This is a country that have had peace since 1809 there is no other country on planet earth where you have such a long period of time of peace and this means that swedes in a way behave in a somewhat different way as compared to germans the russians or through or french or any other people so heres a hint that mulatto could only were applied to sweden because swedish people have heightened sense of responsibility and social awareness and no other country would be able to service the following because it will end up in germans i mean theyre pretty much ruled that they do everything theyre told to do i dont see an
Can also feature is economists in a native speaker best selling author great having back on our show welcome. Oh actually it was a different show it was called so because now we do so because visionaries and years of true visionary when i hear your views and pronounces oh whatever is going on here were going to start with sweden your country so unlike other countries soon couldnt hire everyone it was sort of the entire single lockdowns oppose stranger social distancing measures against even chose every mild strategy schools open restaurants bars barbershops can bring in Swedish Health authorities stand by the response and they claim this measures are effective so thats true why arent other countries rushing to actually apply is what is approach well i think the reason is simple there are very few swedish people in france. Or in italy or interrogate you can only follow this principle that sweden this using in a country where you have a lot of swedish people why im saying this is because
A somewhat different way as compared to germans the russians or through or french or any other people so years ahead that could only were applied to sweden because swedish people have heightened sense of responsibility and social awareness and no other country would be able to seriously folly because it will end up in china things i mean theyre pretty much will bank they do everything theyre told to add dont see an injury or people breaking the rules. And yes they do but here you can do it with rather its only a recommendation you dont even need a little you can actually recommend people to do things you can propose people to do things and they will go with you and as i said the central word here is trust the fact that you trust the person that recommend you to do certain things and then you will go with the person since your trust the person or the authority and here we know from research that sweden together with maybe just pan. To certain extent korea had a situation where you have
Almost drawn even. Without sounding sort of like arcane and gob deli bookish here, that items teams seems to that we have less worry of about a recession. That concern eases, even when we do when inverted it takes sometimes a year or two years before it materializes. The nevertheless the fact that is pushed off, a lot of stocks that do business with companies abroad, particularly in asia, china, they are among the stronger advancers. It is helping reverse this bond Market Sentiment that built we were going to enter a slow down. Now people are selling bonds. Buying stocks. More attracted to the yield of the s p 500 for example, which at 2 or so, is significantly better than around the 1 1 2 youre looking at for 10year note. You can well understand what has been going on here, at the corner of wall and broad. Oil prices moved up a little bit. Theyre advancing today. That benefits key Oil Components dominant among 11 s p sectors. What is happening with the nearly 2 runup in oil prices. Be