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Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were goi ....
1 trillion stimulus package heading down south, maybe. What Goldman Sacks is reportedly thinking of doing. Its monday, december 7th. This is Worldwide Exchange. Good morning, good afternoon, or good evening welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us here is one reason to like this monday there are 25 days left in the year 2020. It cant get out fast enough can we agree lets see how your money looks now. Futures are down about half a percent down dow off about 133. Wall street coming off another good week for stocks the dow was up last week thats the ninth record close of the year on friday of course, its not just the dow. The s p and the nasdaq also closing at record highs. Thats the first time the three have done so at the same time three years. Thats an rbi for ....
Period, the nasdaq has more than doubled, up 115 in that time, carl, and it really tells you how important technology, and particularly those large caps, have become to this market and just how much they have surged this year as we see a Digital Transformation amid the pandemic. Thats a great point. And jon, were going to continue to look for names that are going to perform well, no matter what kind of reopening or reclosing environment were in amazon, one of the top leaders, but so is zoom on teleconferencing and in tuit on payments and those are the markets well be paying attention to. Tech investors have a lot to be thankful for this year in a tough year overall for the world. Lets talk more about the need em Portfolio Manager and chief investment strategist. Guys, good morning brian, where are we now with kind of rationalizing and strategizing around the tech t ....
National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also help ....
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 th ....