Thank you for being with us on this simulcast, Bloomberg Radio, Bloomberg Television worldwide. Tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. Also looking at markets off the faxing news, futures up 10, dow futures up the vaccine news, futures up 10, dow futures up. New low on the vix as well. Looking at the calendar, everybody is recalibrating. Weve got a major house recalibration of the equity markets out moment ago. Jonathan at Credit Suisse, Jonathan Golub, they have a forecast yearend on the s p for the end of 2021 with a 12 upside. The 2021 forecast is designed to answer what the future will look like in the future. He makes the point at the end of this paragraph that the rotation into the cyclicals will largely be behind us, and they stay overweight on tech, also overweight on the financials. That is just a flavor of where Credit Suisse are at this morning. Tom the conversation forward, and i cant say enough on r
Facebook reported amazing number last time. Amazon gave you an amazing upside surprise and it got steam rolled it was hideous nonenonetheless, and i know that. There is the right way to look at it or the wrong way we dont look at the action and we are back to form an opinion about the quarter. Thats the wrong way the right way when a Company Reports great number and the stock gets slammed, you look at the set up often because of an event like say an impending election. I am expecting massive confusion. One of the most confusing weeks of my career unless the results are blow out this day, we may not know who won plus with mail ballots nobody wants to unstock a bowl of confusion why not sell everything on monday for starters, you are too late what the heck did you think was happening. More importantly you are not nimble enough to get back in after you gotten out look at our quality stock selling off right now. You definitely want to get back in take amazon and facebook with unbelievely g
Around a bidens portfolio there is honestly not that much difference as a matter of feedbaact, most e stocks work under trump also works under biden. Can i get a bidens stock, bi n bidens stock, please. Dell gained and nasdaq drops for the day. The leader the soaring stocks it would be fabulous for energy. Tr it is good for u. S. Jobs once Oil Companies are drilling, there is only so much the president can do coal is dead it is not economic and it is not worth the trouble. Meanwhile, we have seen a huge gain in renewables because like it or not, theyre the future. If biden wins, democrats are eager to throw the money at solar. I like three solars. First is generac your power does not go out when the sun goes down and tesla. Remember when elon musk floated the idea of just a simulation, that was more than five years ago. I challenge the idea that we get our electricity from colorado. That was his plan. Musk figured it out. The future looks like a lot of distributed solar panels that flo
And state coronavirus response. Former Trump Administration Economic Advisor Casey Mulligan on President Trumps economic record heading into the final days of campaign 2020. Is the washington journal for wednesday, october 21, less than two weeks until election day. President trump campaigns in gastonia, Kamala Harris in asheville, North Carolina today. President barack obama campaigning in philadelphia. We invite you to answer this question. What is motivating you to vote this year . Perhaps it is an issue you are passionate about, you do not like the other candidate, maybe it is due to who you think will handle the pandemic better. Heres how you can let us know this our what is motivating you to vote. 202 7488001 if you support President Trump and mike pence. 202 7488000 if you support joe biden and Kamala Harris. Areare decided undecided or supporting another candidate, 202 7488002. cspanwj. Cial media pew in august, it was the organization that took a poll on those issues important
Dow plunging 525 points. S p plummeting 2. 37 nasdaq nosediving 3. 02 . I got to tell you, i think this decline is healthy this market needed a beatdown if only a learning experience for people who thought it was too easy when the market is roaring, a lot of investors seem to forget the most fundamental rule, buy low, sell high they want to buy high and sell higher the problem with that strategy is when stocks go down, they go down hard. You tend to lose money faster than you make it rather than being panicked by the sell off you in a very proverse way should be cheering for it we needed this why . Because we needed to break the nasty pattern of 1999 to 2000 so many people refer to during the run the leaders never took a breather. They kept charging higher and higher until the market peaked when they collapsed. Millions of investors led to the slaughter house. I began to wonder we might be doomed to repeat the mistakes of the. Com era. The markets led by a hand full of Tech Companies b