The bull side. The biggest 50 day in the s p 500 every and Lpl Financial says if you look at rallies like this, stocks were higher 100 of the time both six and 12 months later, josh. One of the funniest things is i talk to bulls and i talk to bears. They are both saying the same thing. We want to pull back someone pointed out 97 of the s p 500 is now above the 50day which i think is as of bought as you have seen in the history of markets. The rally has broadened out as a style box being absolutely on fire all week but even with intact lets take a look at triple qs made a new all time high this morning yet not one of the fang stocks is making the new high. Thats interesting then you look at qqew. Remember, thats the et if that tracks the triple qs as though every component were the same exact waiting. The equal wait qs. Thats up 15 in the last month versus the vanilla qs ths that e only up 11 all you could say is were over bought but if thats your biggest complaint now, its not really t
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up again in price. 16. 71 is the production price right now, but production is being scaled back very very sharply. Sup
Daybreak asia. It is just after 7 00 in your. We were just discussing, it looks like the markets in asia are taking up on the rally we have seen here in the u. S. On the back of real estate stocks and retailers. The reflation trade seems to be back in the spotlight. You have consumers feeling pretty good despite all the turmoil we have been hearing about washington. Yvonne absolutely. About the most talking how you can keep it off the table. Take a look at the odds, we still at 34 were a rate hike. December ifago from you compare it, it was 100 . This market is not ready for a move. Betty far from a given right now. But lets see how the market open is playing right now. Sophie we are seeing Risk Appetite come back somewhat. With the yen weakness poker it thats filtering through. Take a look at the nikkei 225, it is higher. 01 there. An eye on stocks like toshiba over the cost of the day. Over on the kospi, that is extending gains for the third day. On tuesday, the kospi did raise the h
Genting Singapore is spending an additional S$2.3 billion to revamp its Resorts World Sentosa (RWS) casino resort as hotel room rates in the Lion City surged to record levels this year.