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June 29, 2024
Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly...
June 29, 2024
We continue to buy apartments. It provides really good yields to our current investors. It does not get intermediated by the internet. You still have to live somewhere, you cannot live in your computer. We just bought a hotel in West Hollywood that we will renovate. I have to do a little advertising, one south beach was voted one of the top hotels in the United States and one central park is the second best. Brooklyn was just open with 13th in new york city. Erik let me ask you a question about ...
June 29, 2024
A little more mixed housing data. Again in stocks, but not much of one for the nasdaq. Big blockbuster Companies Like alphabet coming out after the today. Another way of looking at the long bull run we have seen in stocks on the bloomberg terminal here. Highweek low and a 52week for the s p 500. Obviously, much closer to the 52week high line than for the 52week low. Has not broken that 52week low since 2016. Just a continuation here. On the plus side, we have twitter earnings. Company sales beat...
June 29, 2024
Away from the finish of the thursday session. All about the ecb. Today. S up by 2 ireland and italy, france and germany all rallying on the back of the news from the ecb. It has cut its Bond Buying Program to 30 billion euros per month from january and will extend it through september. It cap its pledge to step up or. Xtend buying further if needed the proceeds of maturing debt will be invested for an extended. Netod after the end of its asset purchases and stressed lending to banks will be cond...
June 29, 2024
Trump says he and janet yellen are doing well together. This is bloomberg. Im mark barton in london. Stocks marginally higher today, up by a 20th 1 . Overis up a smidgen dollar. Long andng to talk hard about barclays. Look at barclays shares. Down 5. 7 . Deutsche bank down 2 . Getting some details from the norwegian central bank. Rates will be kept unchanged today. Riskslance of economic unchanged since september. Unchanged at 0. 5 . Heres the news with sebastian. Donald trump says hes thinking ...
June 29, 2024
Friday session. Down by one point 5 today, we had the Catalan Parliament voting to implement an independent state. Spain senate giving spain the power to take control over catalonia. The plot thickens, the imf down by 1. 5 . The stoxx 600 is up for the six week in seven. The euro down for a second consecutive day, over two days since the ecb announced the whole roster news yesterday. The euro down almost 2 . The biggest today declines in september. We have the 10 year rising today. , weerday, wi...
June 29, 2024
Will go back to the United States. Back toa big one coming the United States. You are talking to the embers of congress and making a strong case for tax reform. The media is not all fake. To redouble our efforts. Your country needs you now more than ever. You are leaders on this subject. We need you to be united and committed and proactive in order to overcome the forces fighting out there. They benefit from the way it is now. That is bad for the country. In a few days, i will be traveling to as...
June 29, 2024
Uncertainty including the delay havee tax reform bill, we stocks. The bull is marching on. Btv 287,e a look at this represents the monthly gain for the dow. The dow has had its best months since february. The same thing for the nasdaq going to july. A strong october. Look at october of 2016. Big decline. October was a strong month. We have been having a strong thirdquarter earnings season. Oil tradingave higher after a bullish api report come a helping big names trade higher. Nearly 55 a barrel,...
June 29, 2024
Pretty amazing considering everything we got going on, not a lot happening for the major averages. Mixed trading action, similar to yesterday. The nasdaq off of its lows. If it finishes down today, it will be the first today slide in the week. Two day slide in a week. Lets take a look at the big earnings movers and the reason why the nasdaq is down a bit more than the s p 500. We are looking at tesla, facebook and semantic symantic. Tesla down sharply, down 5 on the model three update. Elon musk...
June 29, 2024
European Equities Trading right now, what we gets been good thats what a week it has been we are taking a look at european Equities Trading right now. What a week it has been. The euro falling against the dollar. The u. K. 10year up for basis points today that four basis the u. K. 10year up four basis points today. The maker of highend lipstick and mascara in china giving loreal a boost. Makers leading the way. Company has had Strong Performance in china and hong kong, helping the Luxury Divisio...