Rotation this hour plus, there is still one over big overhang for stocks and that is covid cases spiking, cities shutting down. Well talk to one of los angeles biggers playest playert retail, dining on power lunch right now. Thank you, tyler. The markets are off to the races with the dow topping 30,000. This time its not big tech leading the way. Dom chu is looking at the rotation pro tellipelling us hi. Lets talk about the gold star right here. 30,117 is the intra day record so far that was the high of the day at the pandemic lows, intra day we were talking about 18,214 weve gone up roughly 65 since the pandemic lows we saw back in march. Something to keep an eye on when we talk about the dow industrials and. Talk about whats happening between growth and value take a look in just the last monthtodate period we have now seen a real outperformance in some of those value stocks just in the month of november. Well see if that trend continues with that orange line picking up steam with the
It today here is how things look now. We are in the green. Look at the small cap stocks the russell 2000 we are still coming off four down weeks for stocks. A pretty louse si month. Now, the s p 500 is on pace for its best two day gain since all the way back in june did you follow that kate moore w were in a four week down street were on our best two day stretch since back in june bp the volatile till has really grown. What are you expecting ahead im told theres an election in 36 days. Is it just 36 days . It feels like its going to be any moment at this point we have this down market there is will the of consolidation and profit taking, rotation in terms of participation over the last couple of weeks. The big point and message is tlauls v theres always volatility before an election. In a year like this where we have so many cross currents between the virus. Questions around Economic Activity relationships with other countries. Theres so much for an investor whether it needs to be reta
And tiffany mcgee. A were glad to have you on the Halftime Report once again as you can see, on that little bugs the bottom right of the screen look at that the bigger screen for you. The nasdaq s p and look at the nasdaq, up another 1. 2 . The s p, by the way, is on pace trying for its fifth straight positive day you might have heard this. Big tech nom has been leading the way. Hard to believe but true by the way, that sector hitting alltime highs yet again today raids also in focus, by the way, investors awaiting fed chair jay powells big speech tomorrow at the virtual jackson hole event so, joe, theres a lot to get to there anything that you see, before we get micro, on a macro basis, that leads you believe this market is getting too hot, and has to come down at some point, or can we literally go up every single day the answer to that is the market has been too hot for the better part of the last 8 to 12 weeks. The expectation for the month of august is we were coming into a calenda
Its a mixed day stocks reacting to the vaccine news josh, it seems funny to ask the question about tech on a day i showed you the index is having a nice bounce back day since that index hit its high on monday, 13th it hasnt traded all that well what do you make of that well, were working on josh browns mike maybe he did that on purpose since its my first day back joe, do you want to take that same question . There we go. I was going to say this is going well so far. What i said was first of all, welcome back technology can you hear me i can hear you. Amazon was down 12. 7 . Amazon was down that its 1999 all over again understand that 1999, once the names like microsoft rolled over, they were in a multi year decline where technology under performed. Thats not the case well be witnessing right now lit be a pause that refreshes. The fundamentals are strong for Technology Technology is the economy and there you go today, youve got amazon recovering 6 of the 12. 7 decline it witnessed last
Arianna we are very excited about the authors who will be speaking here. Started, please silence your cell phones. We are filming and recording today and we prefer not to have any interruptions. We sure to use a microphone at the end of the event to ask questions. If you have not purchased a book and would like to do so, they are available at the register. After the event is over, there will be a signing line to the right of this table here. If you have been here before, you know we ask everyone to fold up their chairs after the event. Here with us tonight is dr. Damaris hill. Dr. Hill is an accomplished explores the work digital humanities. She has written the fluid boundaries of suffrage and jim crow. Dr. Hill is an assistant professor of africanamerican studies at the university of kentucky but she is here to talk to us about her most recent work , a bound woman is a dangerous thing. Dr. Hill honors the lives and suffering of africanamerican women heroes throughout history while pro