The dow did go down. The nasdaq went down 4 or 5 . I spent the better part of this year studying the pandemic i was right. You know what we just cover . The professionals are not the only covid that matters. We have a Massive Group of investors who become professionals. They dont care about the same thing as the experts theyre the ones who were the marginal buyers and sellers. The investors have changed the entire character of the market what made you not be able to sleep at night it was very little belief in stocks for the past 20 years, the convention says stocks could no longer be trusted. They continue to lose their values way too quickly when something goes wrong on top of that, the convention only a fool to try to pick individual stocks. You may as well stop trying to beat the mark and put some of your money in an index fund and invest safely in bonds the last eight months, that convention has been stood on its head by a new generation of investors after the rise of Commission Fr
Moo its biden versus trump trump stock, trump stock. Both of which are going in surprising directions. If you you thought the election is over, the president is trying to do an end run around the results and fighting tooth to nail today the dow lost 222 point [ screaming the s p 500 declined points at 8 . Nasdaq dipped 2. 2 hey. I know it didnt feel like it was so bad but if you were in the nasdaq except for a couple of names, wow. They crushed it. Why dont we start there with next weeks game olympian . On monday morning we are coming in and, sadly, im betting we pass the 200,000 mark. Thats right 200 thousa,000 thousand cases an the virus is hurting business. If not monday, tuesday, wednesday, a question of when, not if i know there is a sense that we have had a big vshaped recovery which is terrific. But our inability to stop the spread is putting a crimp on business orders and retail sales. Just yesterday, work day, reported a solid quarter we have the coceos on the show but they me
As is tradition, two tiny communities in n hampshire cast their ballots after the stroke of midnight. The results were a sweep for biden, while in millsfield, trump won 16 votes to 5 for biden. The 2020 election is taking place amid the growing coronavirus pandemic and a risingocial divide in u. S society. The response to the coronavirus and the reopening of the economy have become Major Campaign issues. Johns Hopkins University in the u. S. Says the total number of confirmed cases in the country stands at nearly 9. 3 million. The death toll has topped the world with over 230,000. Restrictions on mailin voting were eased to address concerns about spreading the virus. Millions of people opted to cast ballots early. Turnout could be the highest in a century. There are concerns as voting gets under way. Trump has insisted mailin votes are prone to fraud, and the results could be contested in court. Some reports say trump may declare victory unilaterally before all the votes are tallied. T
It was the biggest single day drop since september 3rd. The index fell more than 950 points at one point. Worries about the economy rose after the daily tally of new intexass in the u. S. Climbed over the weekend to about 83,000. The techheavy nasdaq fell at well. People in the markets said investors sold on fears that the surge in new cases would derail efforts to get the economy moving again. Investors are turning cautious as lawmakers in congress remain far from a deal on additional stimulus measures. Staying in the u. S. , the Republicancontrolled Senate is set to confirm Amy Coney Barretts appointment to the countrys top court. The 48yearold will bed Third Supreme Court Justice Toews chosen by President Donald Trump. She will succeed Ruth Bager Ginsburg who passed away last month. Her lifetime appointment samcems a 63 majority on the bench. Divisive issues such as abortion, gun control and health care. Trump, trailing in polls, made barretts nomination part of his pitch to voters
We have seen the g10 space benefiting from that, especially when it comes to the pound. There are brexit negotiations starting today in brussels. So far there is possibility of progress. It looks like we are in this seeing people are are saying this is the yen buying path of least resistance. We are looking at, when it comes to commodities, the gold futures. Right now. Silver and aluminum having a big comeback. You see brent crude hovering around 42 right now. One big interview to tell you about today. We are talking about market debuts in hong kong, gto express. Here is the bond market first. Not a lot of movement when it comes to the aussie 10 year yield. 77 basis points as people wind back the rate cuts. 3. 11 for the chinese 10 year still. This is what i was talking about. He is joining us for an exclusive interview at the bottom of this hour. A pretty stellar debut to start the week. Haslinda like you said, a lack of conviction. From get Market Analysis the asset strategist at j.