Tenyear 91 basis points one more way in which the economy in this case has confounded some and the markets had it right yeah. There wasnt a day that we came in and we heard from very big people, rich people, Hedge Fund Managers saying this is ridiculous its fanciful, that the rally itself was uninformed. I admit, look, there were parts of me that said are you kidding me, every morning the airlines will be up big when very few people are flying . It turns out that the hiring took place in the areas that we felt were most devastated. Retail, travel, leisure. And its remarkable because when youre looking for 20 and you have all your scripts all set to talk about the beginning of the next great depression, and then you get the actual numbers, it kind of knocks your socks off. You struggle to think why did we hear so much woe is me the other side says we heard it because 13 is still unfathomable, but its certainly more fathomable than 20 so, i dont know its good. It is good. The president r
In europe, also watching what has been happening there, you will also see just like yesterday europe is down across the board. The biggest declines coming from france and london. The cac off 1. 6 among the big market themes, momentum stocks outperform, some momentum factor er, etf up on pace for the best ever launch since 2016 we are going to have a technical analysts on. I was distracted i asked the analyst whether it works like this with the outliar. They insist, no matter what, they did bounce off the level. The ones they mention. It hit exactly and bounced off it we have bleakly here lets say this, we manage 6 billion of assets. We want that to go up. It is risk management. We need p emto worry. We have a lot of them around today. Including me burgon county, the first presumptive case of coronavirus. Energy is in a bare market off from its high in april industrials also in correction territory. Gold on pace for its best performance. Looking at prices this morning, youll see they ar
Takeover bid by xerox saying it meaningfully undervalues hp. The ceo of hp will join me later this morning. Coronavirus fears hitting the Corporate Outlook and strategy southwest, apple, kroger, campbells among the Many Companies that are weighing in today. Well start with the futures, though, sharply lower amid this roller coaster week for stocks and wall street which saw the dow swing a thousand points or higher two times in the last three days, jim. Maybe were in for a couple of months of chop here . I think thats exactly right, carl yesterday was a very solid based on oversold relief rally the existential issue of whether a socialist would head the ticket a lot of people feel was finished because of the victory, multiple victories in states obviously by Vice President biden. But now were stuck with looking at earnings again and all that happens when you come in is you look at the 10year and then look at earnings it isnt like every company david, are you wearing those for the show i
Munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. We will hear from the ceo. But first to our top story. Record highs on tuesday on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up all year, up mo
We will get thoughts from gene munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. Will hear from the ceo. But first to our top story. Tuesday ons on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up