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Things, our country looks a lot more like the juggernaut it used to be, and so does the stock market thats the only way to interpret the incredible pin action that we got today from adps incredible their National Employment report, and it showed that private Sector Employment decreased by just 2. 76 million jobs last month, when most economists were expecting something more like 9 million. Hallelujah. That and some early positive data about the opening of restaurants and casinos are how the dow surged 527 points today. S p jumped 1. 63 were gaining back all our losses here, people. You see this kind of animal spirits of the market coalescing with the pent up demand for ravenous consumers and you get the insane gains like we saw by the way, taking us to the most overbought level, 11. 1, in the s p since july 24, 2009. Any time its been this high, its actually okay well ....
Anticipate what will work in that time frame and what wont but after another shocking day, particularly for the sell in may and go away crowd, where the recovery stocks roared, the dow gaining 533 points, nasdaq advancing 7. 7 , the market does not lend itself to that easy divining right now the future is too binary the market feels much more like a horse race where there can be only one winner in a very crowded field of contenders. But its a long race and were still far from the homestretch so it could go either way. Who is running in this race . The first group is the subset of the cramer covid index the storks that enable the stayathome economy think everything from zoom, video, papa johns, dominos. Papa johns 33 sales, thats good news for that horse second group, the recessionproof stocks, mainly the food and consumer Package Goods plays especially ones that make hygiene supplies. During the lockdown, worries about covid, hey, ....
Close down 257 points. S p fell, nasdaq lost 1. 87 . I think that rally that took peoples breath away was started with short sellers who were covering or closing out the positions. Theyre getting concerned that the Drug Companies working on the drugs that would lessen the lethality of corona may have had success. Fear is more powerful. But this is driven by a justifiable fear coupled with the fear of catching it yourself its threatening to bring commerce to a full stop. Aside from the pallets of purell passing through the portals of the shaky retail establishments. We got through a roller coaster of a week marked by the emergence of terrifying sector markets. Oil and gas, you know i hate the stocks wow. Justified, travel and leisure, retail, some better than others. Andthe hideous financials, all which are worrisome because the borrowers are numerous in the sectors and are so good they can hurt lenders this market is longp standin ....
Good morning and welcome to the show im dominic chu in for Brian Sullivan we begin with breaking news. U. S. Stock futures pointing to a sharply lower open as losses accelerate this morning. A flight to safety under way in bonds as well. Stocks moving to the downside. The tenyear yield dropping to its lowest level since july of 2016 in the wake of the brexit vote a rally in gold prices playing out. The metal surging to a near sevenyear high. You can see gold prices up 2 . 1685. 40 the last trade there a sharp move in crude prices as well for world benchmark tti or brent prices and tti as well wit this mornings selloff comes as investors continue to watch developments around the coronavirus outbreak and spread in places outside of china, like in south korea our own Frank Holland is here with the latest on those numbers. Good morning. Good morning to you thats right new numbers ....
And why len you know just can be very fat feel helps. And heres your host dr custom like you talked. To you know this feeling the feeling of loneliness although you are surrounded by other people in britain they even created a new ministry for this in ministry from loneliness when looking this becomes a problem this is what im going to talk about with dr. Hes a psychotherapist and the head of the feed that leak in the heart of prelim welcome to in good shape. And over and over the last. 100 years you just knew about hope before. Our world is becoming faster more digital and more urban and that comes with an increased risk for no nest and therefore its high time to put loneliness on the topic health agenda. If you are chronically feeling lonely you are at a higher risk for developing certain dangerous diseases like cancer or a heart attack this is what several studies show worldwide loneliness a new epidemic the new smoking. And insidious diagnosis. Killer number one. Whats behind these ....