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Tonight. We have got guy adami and we have tim seymour and steve grasso and brinmar trust jeff mills. Guy, were up 770 points on the dow and we have oil spiking, as well and banks participated and a lot of different sectors participated in this mini run or mini rally and whatever you want to call it is it because of fed help . Is it because some of these coronavirus numbers came down, giving us a reason for optimism or was it Something Else yeah. Typically its all of the above and ill have to reposition my camera in a second and i apologize if the shot is lose pep yesterday made sense to me in the way the market traded up and failed at the levels that we talked about it didnt make sense to me, but to your point, i think the howard marx article helped and the fact that Bernie Sanders dropped out helped and i think the dr. Fauci comments helped and its an amalgamation of a lot ....
False sense of security. Youll hear it even if youre a sedate daytime today where the dow gained 69 points s p climbed to an alltime high, i should add getting bored by those, and the nasdaq advanced by 2. 2 . Heres my question what exactly are we too bullish about . Are there individual stocks, sectors, that have gone crazy . You know what, i always like to break things down. Lets take them one by one as opposed to making a sweeping judgment are we really being irrational with the banks, large sector in the market after last weeks run, tough to tell when you see major dividend and buyback boosts after, of course, the federal government review, they have good reason tore positive how can you feel the same way about the stock of Goldman Sachs when the company just increased by nearly 50 and rolled out a 7 billion buyback hey, thats more than 9 of the shares outstanding in the end, it got better off the crash test results and even he ....
Subject to aging, brings beauty and warmth to us. This is the eternal our movement is our best in the world petra all hope for the subway on the bus for him to pick up. This is our salvation among traffic jams and others, nobody is eternal near the head car, a meeting of the gardens was arranged. Yatsya, jesus was lucky on the road and we will put on all the hope for the subway invasion. We sing, not covered with hope for the subway. From the metro this is our demoniac everyone has known to me forever. This is a perpetual motion, not your earthly beauty, to be in time everywhere here, so that such a coat of arms is lucky miracle man. A bucket to light everywhere and everywhere that the prophets were lucky and find them an overnight stay. We all hope that sometimes we dont have time, he was lucky the most honest on the subway and we dont have time to the road was lucky for the hope of the subway that is on the road. Good evening. Hello dear ladies and gentlemen, capital show field of mi ....
The opening 20 minutes or so from now we are positioned for a higher stock market at that 9 30 mark europe has been open for some time and over there it is also been largely a positive day so far. You can see germanys dax of course and france the best performer. The 10year note yield so much of a focus yesterday as it same close to the 2. 9 not sure we ever got there were above it now thousand. Yesterday we flowed 2. 89, 2. 915 and stocks dont see particularly concerned wti is down though, higher than it was this time yesterday this morning stocks are looking to extend their daily winning streak, five all three indexes gained more than 1 yesterday shrugging off the stronger than expected cpi after what was a sharp decline early in the session and inflation data out this morning shows Producer Prices rose. 4 in january. That was matching forecast now the core rate minus food and understand also up 4 . That was twice what many econ ....
Maybe were so cynical so conditional to the economy and a so so market, we simply cannot imagine what were seeing on our screen at the end of a very good month where we powered higher in where we havent seen in ages. Its october people. We need to address something, we need to address what i call the inxray jewelty issue. This kind of rally seems unbelievable the worlds been starved of growth for ages, we havent seen anything like it for so long that we have a hard time grasping this move and therefore, it makes the move feel phony but thats only because were so accustomed to living in the shadow of the great recession. We had a huge worldwide slow down which made us believe that growth is lower to come by for years it felt like our committee or the major committees overseas were going to be muted because businesses didnt want to spend, because there wasnt enough nand to make it worthwhile. In that period of slow growth what defined a winning stock, well lets talk about that what worke ....