Small caps having a pretty good day as well. The commentary seems to be the market feels a little tired. Is that how you see it yes i do suspect that the market is fatigu fatigued certainly on monday mornings consecutively weve been greeted with excellent news for society as it relates to the vaccine but markets dont seem to be responding as positively as they did two weeks ago. Scott, you began the show by suggesting that we have a potential end of year run. For there to be an end of year run, we are going to need a catalyst and i suspect its not the vaccine, its not earnings, and it really falls back to washington, d. C. And the ability to try and offer some form of fiscal bridge to get us to the other side in the absence of that, i would just highlight december 15 the and 16th, you have a Federal Reserve meeting. Theres a wild card scenario there where the Federal Reserve steps in and enhances some of the landing programs and provides the bridge in the absence of fiscal policy maker
12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg
Facebook is for old people out. 1000000 meals also known as generation y. Certainly dont mince words but what do they want and how do they get it millennial to work thats our focus today on made welcome millennial people born in the eightys and ninetys and they have their own ideas about the world of work its about Self Determination or originality and goals they set themselves one could think millennial all spoilt for choice or they dont see the woods for the trees depends on your point of view i guess luckily we have our very own generation y. Here to d. W. So why not let them speak for themselves my colleague. Can fill us in. That goes to university all to a strange. Chase my dreams. All the money where once a pension plan pension pension plans. All one big party lets be honest lets be honest. All this selffulfillment and this will call them for i am a millennial. Generation y. We expect the lobes from ourselves and from life in general and thats how were changing the work world we
Y. Certainly dont mince words but what do they want and how do they get it millennial to work thats our focus today on made welcome millennial people born in the eightys and ninetys and they have their own ideas about the world of work its about selfdetermination originality and goals they set themselves that one could think millennial all spoilt for choice or they dont see the woods for the trees depends on your point of view i guess luckily we have our very own generation y. Here at a d w so why not let them speak for themselves my colleague. Can fill us in. That goes to university all to a strip. Chase my dreams. For the money he wants of pension plan pension pension plan. All one big party lets be honest lets be honest im all for selffulfillment and the small called the footprints i am a millennial. Thats us generation y. We expect the looks from our selves and from life in general and thats how were changing the work world we want to feel passionate about work do something meaning