Well of course, were still waiting for more details out of d. C. , when we may see a vote steve weiss, i turn to you first. So we had this historic rally. Were trying to build on it today. Do we have something to work with here . I think we do so theres been a change in my thought process. I was actually very encouraged by the orderly selloff and not of huge magnitude on monday, not at least compared to what weve seen and mentioned that the buying last week, previously added some core positions yesterday, it went a little further than i would like to see, than any rational person would like to see, but i did add a little bit in the morning, supersized some positions. But heres how im looking at it i think weve now defined the bottom of the market sure, it could go a couple of percent lower, yes but its not going to go 20 lower, its not going to go 10 lower, nor are we going to go up in a Straight Line so the most important thing i believe about investing is being able to quantify your
And easily as possible. 0n the financial markets, the winners are thomas cook s rivals. We will talk you through the winners and losers. And giving a new leash on life to our furry friends. 0ne company connects dog owners with professional dog walkers well hear from the companys founder to see if the idea is taking off. Today we want to know if youre affected by the thomas cook collapse . Are you a customer someone either already on holiday or who has booked a getaway with the company. 0r are you one of the 22,000 worlwide who worked for thomas cook . Let us know just use the hashtag bbcbizlive hello and welcome to business live. Do you get in touch, we have heard from many of you already. Good to hear what you are facing in regards to that story. Lets fill you in on what we know so far. We start in the uk, where one of the Worlds Largest travel companies thomas cook has collapsed after last ditch talks aimed at saving the firm failed. Its triggered the uks biggest ever peacetime repat
Of digital competition thats slamming into so much of retail . Have we gotten a little more rational about this issue . On a day when the dow lost 33 points, breaking its tenday winning streak thats largely because president trumps statement about meeting north korean threats with fire and fury surprised investors arent in love with the idea of nuclear war. I think the market is starting to behave logically when it comes to many phases of retail, which had been in a bear market. Take the relationship between amazon and its brick and mortar competitors. Just a few weeks ago, the consensus was that amazon was poised to destroy everything retail i mean, everything every brick and mortar store and every supplier we stopped discerning among different parts of the retail food chain and assumed its game over for the whole sector and look, no one is denying that amazon is incredibly powerful, but many blind sided retail ceos have finally begun to come to terms with the new reality, and now the
As represented by the dow jones average, which gained 68 points. And then we had the losers, almost everything in the nasdaq down 1. 39 . Its not done going down, believe me. While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robbery of the techs and the health cares, ransom money to buy shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance. And instead went narrow into a couple of soso leadership groups, which is not a positive longer term scenario. You dont wan
While the s p 500 fluctuated somewhere in between, ultimately declining 0. 35 . Remember when i said the bulls would love a market that didnt need to rob peter to pay paul . Meaning if there was enough new money coming in from the sidelines, investors wouldnt need to brutally sell stocks in one sector in order to buy them in another. Well, we clearly havent gotten there yet. This market feels pretty zero sum right now. Today there was highway robby cares, ransom money to buy shares of industrials and banks and oils. It wasnt exactly what we lets just say its exactly what we dont want to see. We basically ran out of new money to fund a healthy, broadbased advance and instead went narrow into a couple of soso leadership groups, which is not a positive longerterm scenario. You dont want fuel stolen from the techs. You dont want fuel stolen from and those dear old bond market equivalent names that arent so equivalent when Interest Rates spike as hard and as fast as they have in the last fe