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Good thursday, everybody welcome to power lunch lets take a look at this record rally. All three major indices at new high the dow is up 21 in 2019. The s p up nearly 28 and the n nasdaq up 33 just this year were in the green today check out some of the new highs across the board micon, citigroup and kellogg joining that party ty thank you very much with a few trading days left in whats been the best year for the market since 2013, bob is at the New York Stock Exchange with a look at what worked in 2019. Hi, bob. A lot worked. Thats the good news the rally has opinion fabeen fa but dont kid yourself top 23 stocks in the s p 500 all were up. All 23 were up some of them were up really big. How big . S p 500, up 28 . The top ten stocks by market capitalization were up more than 40 . That means as they get bigger, those stocks have more and more influence on the s p number one, nothing knows bigger than apple this year look a ....
This year the world is facing political turmoil protests have become the new norm but what does this mean for the economy in terms of crypto currencies amid global turmoil crypto currency usage has spiked in some of these countries volumes increase in hong kong for example where the island is reaching almost 6 months of political unrest this was after the much disputed bill that would allow citizens to be extradited to china and just last month trading sites like local big coins reportedly saw it 3rd largest weekly big volume ever the platform accorded a 1420000. 00 worth of transaction volume meanwhile yellow vests in paris are nearing a continuous year of protest these were caused by rising fuel prices ecuador and also followed suit when protesters in the 2 countries took to the streets to call out the increasing inequality now weeks ago a state of emergency was declared in chile it is. A. T. M. s were on lockdown leaving many banking users without access to withdraw their funds the ....
A state of emergency was declared in chile a. T. M. Walk down leaving many banking users without access to withdraw their funds the demand for of acorn and she there has skyrocketed this year as a result of these ongoing tensions unrest in argentina sparked when its currency collapsed earlier this year by 38. 3 percent civil unrest in lebanon also sparked krypto enthusiasm as a conflict led all banks in the country to shut down the lebanese are facing this huge crisis right now given that over 65 percent of them rely on banks massive protests in venezuela took place earlier this year where tens of thousands took to the streets in dueling protests in support in opposition of the standing government under president nicolas mother would go on as well and have turned to rely heavily on bit coin some are using it to pay for medical costs or even food beating gold in the hyper inflated economy and several reports revealed Venezuela ....
So, so good. But there is a downward bias in how many investors approach this market and i think its kept people out of lots and lots of good stocks. Sadly no matter what i say, this pius will probably increase. Now that january is behind us, february is ahead. Sop declining. 6 . What do i really mean by a downward bias . Im talking about a market that plummets at the opening off of the weak germany yeah, germany. And then snaps back when investors recognize how silly that correlation again im talking about the notion that a slowdown lurks around every corner, as people thought would be the case with apple tonight, or that pricing is going to get worse a fret about alphabet or demand is about to taper off. The whisper that drove down the stock of amazon in late afternoon. Do you know that none of these happened to be the case. None of them with only alphabet giving you cause. I think so many supposed experts and analysts keep giving you second rate or even just plain wrong information. ....