Secretary of state well get insight into who these people are, more importantly, what they mean for you, and the country. And of course, theres more than one way to takeaway your guns. Just make them too expensive to own and to use. The biden gun tax well get reaction from liz peek on that and so much more on making money. Well so the markets open higher and a could am but nation of factors right theres of course more good news on a vaccine front from astrazeneca they received emergency approval and then the start of trading the u. S. Services pmi came in well ahead of consensus and really encouraging highlights the steepest expansion output since march of 2015 the fastest new increase in order since september of 2018 the strongest job growth since Data Collected in the series going back to october of 2009 and the strongest Business Optimism since may of 2014 and take a lack at this chart, ladies and gentlemen. It is called a super v and its all good stuff and then we might add the upt
I see london, i see france, i see you in your underpants i always hated that diddy when i was a kid but you know what . It perfectly describes todays actions. Sellers caught with their pants down tipping just. 15 . Yep, this morning investors saw london and they saw france, not to mention milan and madrid. Specifically the europeans getting hammered as covid back on the continent they figured wed import those losses from europe so they furiously sold their stocks to get out ahead of the weakness. Many of these jokers probably trading in their pajamas the feet with the dr. Dentons. Panic pretenders here dumped shares at a 10 1 ratio, meaning there were 10 shares for sale or down for every 1 share someone was trying to buy. Now the late, great mark haines, one of cnbcs finest, always used that 10 1 ratio to call bottoms, including the generational bottom that he nailed in march of 2009. When the ratio sellers to buyers is 10 1 hed say you have to hold your nose and buy because that kind
Fourday losing streak joe said it. Youve got nike being a big gainer there nike is responsible for about 100 points of the gains. S p futures up 13, nasdaq up 41. Nasdaq was the big gainer. Facebook up about 3 these are the ones that moved so quickly those are responsible for so much of the gains it looks like the 10year seems to be yielding right around drum roll please all right, im going to say 0. 66 becauses that where it has been all right. 0. 67 last night, the house passing a bill to fund the government into december and avoid government shut down clearing the house by an overwhelming majority now heads to the senate where it is expected to pass they want to get past the shut down to focus on passing more Coronavirus Relief that is a little less unclear about whether Something Like that will happen joe . We mentioned nike doing well. Premarket doing pretty well beating estimates of 47 cents. Online sales rose and the company gave guidance for 2021 expecting sales in high Single
It today here is how things look now. We are in the green. Look at the small cap stocks the russell 2000 we are still coming off four down weeks for stocks. A pretty louse si month. Now, the s p 500 is on pace for its best two day gain since all the way back in june did you follow that kate moore w were in a four week down street were on our best two day stretch since back in june bp the volatile till has really grown. What are you expecting ahead im told theres an election in 36 days. Is it just 36 days . It feels like its going to be any moment at this point we have this down market there is will the of consolidation and profit taking, rotation in terms of participation over the last couple of weeks. The big point and message is tlauls v theres always volatility before an election. In a year like this where we have so many cross currents between the virus. Questions around Economic Activity relationships with other countries. Theres so much for an investor whether it needs to be reta
Todays action dow gaining 140 and nasdaq surging 1. 71 the market reflected everything going right, but totally obscured everything going wrong. Its a tale of two cities. It was the best at times and worst at times but on up days, we focus d on the best and ignoe the rest what do i mean lets start by going over the winners today to see what they are trying to say. You have to define them. They speak to you. The stars of reteail tell the story. The most important winner is amazon this morning, analysts who missed nearly the whole rally here took the recent pull back as an opportunity to upgrade it was very significant. I liked everything in the support from approval to the patience you see, he waited for a double digit decline before he pounced. Most people were flying. Not him. I like that. In recognition of the incredible strength with rapid delivery and the fly wheel approach he says buy amazon is there anything in this note actually, yes. You can make the same arguments about amazon