Surging up more than 60 in the past month the crude revival comes after opec agreed to extend its cuts amid positive xhuk data and demand is about to return to the market and carter worth says it has gone too far too fast. Carter, take it away this is a poor area of the market for a long time and it collapsed here with the covid cover and the first, of course, is the table and if you look at the ten sectors and it composed with the s p 500, that which is down the most is often that which is down the most and so you can see the stacking order here and energy is up almost 100 followed by Consumer Discretionary and by amazon, home depot and otherses and the s p bringing up the rear at 46 look at two charts and look at the xle, versus, the etf dominated by chevron and exxon and the 40plus percent rate and this is moved, 22 to about 44, but what you can see quite clearly is that were up against a fairly welldefined downward trend in effect for the past two or three years where interested se
But a different story for amd. Both stocks on fire this year. How to trade them from here. The Halftime Report starts right now. Welcome to halftime good to have you with us on this wednesday. Our Investment Committee today, joe terranova, Jim Leventhal allianz Global Investment strategist we begin with the countdown to the fed today. Thats what everybody is talking about including Steve Liesman who is in d. C. Following the money for us i guess its pretty much a foregone conclusion on a cut i think thats right, scott i think there are some questions as to whether or not the Federal Reserve also were to end its Balance Sheet reduction. Supposed to do so in september a lot of talk on the street that maybe they do that today along with cutting rates doesnt really make sense to be tightening up financial conditions through reducing the Balance Sheet along with cutting Interest Rates and also, i see a big question about the guidance worth taking a look one last time at where the market pos
Should ignore it. The Police Federation for Northern Ireland says urgent answers are required after details emerged of two data breaches as police in Northern Ireland say the names of more than 200 serving officers and staff were stolen from a private vehicle on the 6th of july, along with a police laptop and a radio. Earlier, the psni announced a Critical Incident after admitting that the details of thousands of Police Officers had been published online. A british man is among five people whove been shot dead in violent protests in south africa. The 40 year old reportedly a doctor who was visiting the country , was killed visiting the country, was killed in cape town last thursday. Its in cape town last thursday. Its believed that he was shot after taking a wrong turn and a group approached his vehicle. Unrest began after minibus taxi drivers announced a week long strike. A fire that destroyed the 18th century crooked house pub in dudley last saturday is now being treated as arson. Th
fidden deal. But should the scandal ridden ex first minister be cashing in on her failed political career. 7 and what do i political career . And what do i think queen nicks book should be called . Ill reveal all of that in the media buzz plus , that in the media buzz plus, speaking in japan today, prince harry dropped a not so subtle hint that his days montecito hint that his days in montecito could. Could be numbered. And i would happily live here if youd have me. If youd have me. So could the duke and duchess of sussex be preparing for life apart . The late Princess Dianas apart . The late Princess Dianas former butler, her wrong. Paul burrell gives his Expert Opinion. And as the royal family officially removes harrys hrh title from their website, should the sussexes be stripped of all their titles . Rebecca twomey, their titles . Rebecca twomey, ingnd their titles . Rebecca twomey, Ingrid Seward and kyra kennedy go head to head in the clash. Well have tomorrows newspaper front pag
Closing up for the fourth week in a row the nasdaq once again closing at another high and lets take a look whats been happening in asia overnight markets in japan and south korea are closed for public holidays. You did have the china markets open with the shanghai markets being closed after a week long holiday. That index was up by. 7 of a percent. In europe this morning in some of the lerl i traearly trading, like things are relatively flat. Slight declines, very slight declines in germany and france the ftse down. Spain is up by. 7 of a percent finally, check out crude oil prices and youre going to see that right now it looks like wti is down by by 10 cents still below 50 a barrel at 49. 20. Thanksgiving in canada. Today unless someone is playing a joke on me they tweeted that in there i dont know what that means exactly. Is it the same they didnt have. Turkeys, pilgrims thats our holiday, isnt it . One of ours. Come on, joe. It can be a totally different reason to give thanks maybe.