Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
A new peruvian president. This is a very celebrated and armenians protest. Russian peacekeepers are deployed as part of a cease fire deal to end the fighting and calls for a cease fire in ethiopia, growing region where hundreds have died and thousands are fleeing into the u. S. President elect. Joe biden has called Donald Trumps refusal to concede the president ial election an embarrassment, but biden says nothing will stop the transfer of power in january 1st despite the trumpet ministration. Reportedly refusing to assess the president elects transition team. Alan fischer reports from washington d. C. Well, donald trump is keeping a low profile, joe biden is putting himself front and center. This was an event to discuss the Affordable Care act, but the president elect questions on other topics and he had a message to the man he replaced. And his refusal to accept the result. I just think its an embarrassment. Great, frankly. The only thing that how can we say this tax . I think it wil
And protests in peru as a 3rd president in 4 years is sawn into office. Thank you very much for joining as us president elect joe biden has called Donald Trumps refusal to concede the election an embarrassment, but biden says nothing will stop the transfer of power in january despite the chump Administration Reportedly refusing to help the president elects transition team. Alan fisher has our report from washington. Well, donald trump is keeping a low profile. Joe biden is putting himself front and center. This was an event to discuss the Affordable Care act, but the president elect questions on other topics and he had a message to the man he replaced. And his refusal to accept the result. I just think its an embarrassment. Great, frankly. The only thing that how can we say this tax . I think it will help the president s legacy. I think that i know from my discussions with foreign leaders of us for that they are hopeful that the United States Democratic Institutions are viewed once aga
Is the first air travel bubble of its kind. There we go. We should be watching airline stuff as well but a lot of that thisready priced in after bubble was announced a few weeks ago. A have a look at the tech index here. Alibaba and tencent on the market at the moment. They are taking 179 points off the hang seng index itself. That is as we are seeing this rotation out of tech stocks, a global phenomenon at the moment. This will be because of the regulatory challenges we will be facing through some of these online retailers. Juliet . Juliet lets get Market Analysis with patrick, the global asset strategist. Patrick, we are finally getting this news of this travel bubble between singapore and hong kong. This is one thing that investors have been looking for when we start to see Global Travel open up and how that will feed into the energy markets. Lets get to our question of the day. That is when will crude back to these march highs . What is your view . Patrick morning. We are not speci