Been this year. Atcoin racing ahead, sitting a price level we have not seen since nearly three years ago. But, maybe investors taking a pause is the right thing to do. Sales u. S. Retail reminding us that another round of stimulus has not yet been passed. Sales gained. It is a tugofwar between vaccine boom and virus gloom. Joe things are not great in the short term. In the longterm, the vaccine making people optimistic. A lot of this bullishness reflected in the bank of America Monthly Fund manager survey. This tends to happen. Stocks go up, people get the list. This is the percentage of respondents that say they are overweight equities. 20e is a chart going back years. Half of respondents saying they are overweight. Very bulledlearly up. This past year, so much residual skepticism, lockdowns, election risk. Excuses to stay on the sidelines. One by one, those excuses have fallen. Now, all of a sudden, everyone is bullish. Like the lastems few times we reached this type of enthusiasm, e
Set for the s p 500. Joe there you go. Caroline abigail, what are you watching . Abigail you know, caroline, across asset classes, the technicals for the s p 500 are fairly constructive. It is worth noting we also have a rally for haven bonds. Take a look at this, the 10year yield shedding 11 basis points on the week. This is the biggest rally for bonds going back to the first year of october. Haven bond rally in, and that has influenced dissector blog competition, putting aside the big rally we saw today for health care, the best sectors, on the week, real estate and utilities, those are of course rate sensitive. Dividends look more attractive. On the flipside side of this, take a look at two of the worst sectors or one of the worst sectors of the week, the financials, and the Kbw Bank Index underperforming, taylor. It will be interesting if that continues this week. And seems as though the defensive sectors are actually doing quite well. Taylor well, abigail, we talked about how the
which started the year at under $500 a share and closed on wednesday at over $1,200 a share. that is just such a huge jump in a short time. it rose over 5% in value on wednesday alone, giving it the market cap of just over $3 trillion. let s hear more from our north america business correspondent erin delmore. wall street s on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by you guessed it nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world s second most valuable company. microsoft is still the world s number one. nvidia is only the third company to ever exceed $3 trillion in market value. it s leading in the race to develop the chips needed to enable new artificial intelligence applications. and that s where the other tech giants and a lot of companies are spending big bucks right now. nvidia shares ended the trading day up more than 5%. alphabet, amazon, apple, meta,
saw the share price jump over 10% in after hours trade on wednesday. impressive or not? i m joined by poonam goyal senior research retail analyst at bloomberg. welcome to the bbc. lululemon, i have read various analyst reports offer the back of their earnings, some positive, some negative. what do you make of the numbers? i negative. what do you make of the numbers? the numbers? i think the results are the numbers? i think the results are quite - the numbers? i think the results are quite positive j the numbers? i think the i results are quite positive but i think what was most encouraging about the results was that some of the missteps of the reason growth slowed in the first quarter from the fourth quarter, so it gives opportunity to believe in correcting these missteps especially in apparel and the americas, some things could get better in the back of. better in the back of. what were the better in the back of. what were the missteps? - better in the back of. what i were the
story. very important to the lululemon sto . , ., story. briefly, did lululemon and its rivals story. briefly, did lululemon and its rivals in story. briefly, did lululemon and its rivals in this - story. briefly, did lululemon and its rivals in this side i story. briefly, did lululemon and its rivals in this side of l and its rivals in this side of retail, gym wear, did they get a big boost from the pandemic as more people were trying to get out and do exercise? absolutely, the pandemic not only helped lululemon but also many leisure brands as consumers shifted their wardrobes with more casual athletic wear as they work from home, spent more time outdoors. the wardrobe shifted. now they are shifting back to a more balanced approach so weak we are seeing what fashion. lululemon is a brand that you could argue is streetwear as well as performance, and can be dressed up or dressed down. poonam goyal, thank you for joining us from bloomberg. let s go live to normandy, where as you c