as we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. s&p 500 in the middle, up .5%, so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of different industries with 14 day relative strength index above 70. in other words, are we seeing them overbought at these levels? look at the s&p 500 in blue, the percentage going up even as techs have been going down. indicator forum this group relative to the broader market, that it has been weakening versus the broader market. on the subject of rotation, if you look at some of the weakest names today, they are in the top 10 performers in the s&p 500 this year. align technology, maker of the invisible line braces alternative, we have ma icron, and we also have lam, semiconductor makers th
lower, the s&p 500 having the biggest reversal since february 2013 so what changed as tax ufori don t weighs off, it looks like fears may be back. welcome to fast money. thanks for being with us today remember there was a kurt ffl last week, but now chuck schumer and nancy pelosi say they will go to the white house on thursday, to meet with the president. they re expected to hash out some negotiations over this government spending showdown remember, friday is the day on which the government will run out of the money if they could come up with something we hope the president will go into this middle eastern with an open mind. what they re talking about is that moment we saw last week, with the president appearing at a meeting with two empty chair for chum schumer he said he didn t see any possible de, so the democrats decided not to show up to sort of demonstrate now the democrats are going to the white house for negotiation, if there is a government shutdown this year,
at what stake a look going on in to those brexit talks. the pound is up by .2%. stronger dollar story throughout the day and dollar-yen is up to .6%. 58 basis points. that s really steep. time for the morning brief. ahead.a look at the week today theresa may is scheduled to meet with jean-claude juncker. then social democrats hold their convention. congress has to act to avoid a government shutdown and we are also going to get on friday u.s. jobs numbers. big week ahead. topics tax, u.k., cvs buying aetna. the talk on the talk shows was all about taxes. had towhat the senators say. when you heard the president say we are very close to the finish line you know he has wanted a 15% right from the beginning. is parted to a 20% rate of the discussion. the house as a 20% right now. we are happy with both of those numbers. if something small happens in conference that gets us across the finish line we will look at it on a case-by-case basis. business tax all the way down from 35
for some of the nation s capital the us communities wealthiest communities. you know the function, 30 minutes left of the wednesday session. five similar factors weighing on the u.s. and asia and europe. denmark is up, the rest are lower except for the ftse. the ftse is up, the pound is down. byk at the u.k. 30, down four basis points. safety, commodities down. lots to talk about. let s get to german factory orders, unexpectedly rising for a third month in october. europe s strongest largest economy will carry into next year. afterion increasing .5% an upwardly revised gain in september. let s get to this one. etf. msci.er most since its inception in 2012, a third of the almost $46 billion into etf s tracking developing nation stocks. investors are happy with low hanging fruit approach according to john woods, cio for asia-pacific and credit suisse. he says it is spurring demand and that is why we are seeing it again seeking a game. seeing a gain. this is the msci e
remarks saying jerusalem should capital stillas a down .3%. had some choppiness. this is a picture of the nasdaq. it is a whipsaw up and down and we have had a selloff in technology recently. tech is the best today but nonetheless, the chart shows you how uncertain the testes are as they deal with issues ranging from taxes to other events in d.c.. let s look at some stocks that have been trading down all day. ahead of president of his remarks at jerusalem. these are in israel. all sharply lower and a really big look of as to what the possibility of jerusalem on theital weighing stocks. interesting to watch that in the future. we take a look at some of the haven assets in the rally here. we have 10 year yield. up against the dollar however, if you cancoin believe it come up 10% on the day and extraordinary. bitcoin continues to climb. mark: thank you. the u.s. and israeli flags are being projected onto the old city wall in jerusalem. president trump formally recognized jer