Says a 10 correction remains the most likely outcome in the nearterm. Joe, tell me whether you agree with this call he said last weeks failure to break through technical resistance for the second time suggests the correction is not over he expects softness past the election before the next leg of the bull market. Do you agree with that last monday we got up to 3,459 on an intraday high. The previous high was 3,588. The reason we pulled back is the absence of a stimulus deal the conditions are fully in place now to exceed that 3,588 high when you look at retail sales in the u. S. , when you think about the strength of chinese economic numbers, think about the fact that yesterday we had the single largest travel day for the Airline Industry in the united states. Clearly the conditions are in place. If i look within the markets itself, its just not technology on friday reaching 52week highs. Air freight logistics, construction and engineering the conditions are there its the absent of sti
Standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recognize that member at the next appropriate time slot provided them return to the preceding. Should a members time be interrupted by technical issues i will recognize that member at the next appropriate s
Proposal we could see volatility on the wu witching day options is tote expire 59 minutes left of the session were down 1. 2 on the s p 500 coming up on todays show, well discuss the massive week for the ipo market including debuts of snowflake and Unity Software with Stacey Cunningham. And Jeremy Siegel will weigh in on another volatile week third day in a row down for the s p 500. Six week lows here what he makes of the selloff lets get straight to the big stories were watching though in this final hour of trade mike santoli tracking the Market Action Steve Liesman with fresh comments and joining us to talk about the latest on tiktok and wechat and what means for tech, Big Technology mike, start us off here with a selloff in the broader market. Weve been spending a lot of time at the lower end of this recent range maybe a little too much time down there for the comfort of the bulls. This is a relatively routine pullback for now 3300 or. So we hit that a few times you go back a week w
The committee in a manner that respects the rights of all members to participate. We require members to be visible through a connection throughout the proceedings, so please keep your cameras on and if you have to participate in another proceeding please access this one and then log back on later. In the event we encounter ttechnical issues i will move to the next available member of the same party and recognize that member at the next appropriate timeslots provided they have returned to the proceedings. Should the time be encrypted by technical issues i will recognize that member of the next appropriate spot for the remainder of their time. I will preserve their time has staff address is a technical issue. I may need time to provide this time to reconnect and hopefully we dont have any of those issues. Member to remain on you until you are recognized to minimize that counts the ways and in accordance with the rules under 965, staff have been advised only in the event is an inadvertent
Morning depending on where youre at in the country right now and i want to make sure to note some important requirements as we conduct this official remote hearing. Let me begin by just saying they standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recogniz