Stay updated with breaking news from Small cap energy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Have a small declines for both small cap and energy and some of those other cyclical sectors. Taking a bit of a break today. Maybe we earned a bit of calm after the storm. Thank you for the update. Affordable care act really got attention yesterday. First, in the challenge to it in the Supreme Court of the united and then from president elect biden who said hed improve, not replace, obamacare. President elect biden well ease headquarter on you and your family. I promise you that. As i said, ill protect your protect it like i like its my own family. Weve been unfortunately consumers weve been significant consumers of headquarter. That starts on building on the Affordable Care act. A dramatic expansion of headquarter coverage and steps to lower headquarter costs. David we welcome one of the arc Affordable Care act, jonath ....
In just a few moments, we will be joined by the double line ceo jeffrey gundloch well get his take on all things market lets check to board to see where it stands. Russell 2,000 having have strong day as well. Everybody, its good to see you. Its a big week. How much is riding on it, do you think . Well, i would say here, i think this rally is going to get exhausted bit. I think were at a point many the rally where a lot of thing vs to go right in order for this to continue. This has really been driven by macro news we have to look at fundamentals. The expectations right now are a strong recovery starts in the third quarter. Youve got the major averages have done incredibly well, 30 plus . Nasdaq, you go inside the nasdaq, facebook, amazon, alphabet 25 and some cases higher than that tech better live up to those gains. These earnings, this week all of those heavy hitters are coming down the pike. They better live up to this v shape bounce that the market has given us, right . Technology ....
Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for t ....
The Investment Committee is ready to go. Halftime report starts right now. Welcome good to have you with us our Investment Committee, joe terranova, josh brown, the brothers najarian, jenny harrington, liz young is back, the bny mellon director of market strategy. We begin, where else, the market stocks higher, but, josh, directionless. The word of the moment, you know, were down a bunch then up a bunch and now searching for direction. What gets us back to figuring out where we might be going. Is it all about trade . Really well, it may not be all about trade but it feels like its all about trade headlines and then as we get closer to the next fed meeting, it will be all about trade headlines and whatever the fed remarks are. Its a very mixed market environment. Only 53 of the s p 500 names are above their 200day moving average. Only 35 of russell 2000 names large ....
Welcome good to have you with us some of the most closely watched names in the market are hirer. Apple is getting a lift. I dont know, this is a pump bounce that we got it all evaporated a bit. I think the important thing is to balance two opposing things in your head. Volatility is creating opportunity and tlauheres alwa opportunities. This is not the sort of bounce that makes you feel that this episode is over. I would prefer a huge open down gap lower today to what were witnessing now the good news is i think you can make the case for at least a pause here definitely a short term wash out is taking place. Xlk, the tech s p name, hardest hit yesterday. Today they are up the most you do want to see that. Right now 20 of s p 500 companies have an rsi below 30 a fifth of the market is statistically over sold. You take a look at stocks above their ten day, almost none you could say that represented the bottom in the past thats where money game in to your point you have longer term issues ....