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July 16, 2024
The cigarette issue here is the dynamics of the polls. I will be honest, im confused. I have people saying it has gone better for Joh Joe Biden in the last 1218 hours. Others saying that. Trump has done better in the days. Hree or four jonathan one thing we have not mentioned in the last 60 minutes, and i will mention it right now, tom, nashville. One of us out of the theory has actually played and entertained an audience on guitar and the microphone down in nashville. Tom let me set that up for...
July 16, 2024
Return. Cellent huge samestore sales beat at home depot. Now walmart out with a digital 97 at theirup online stores. Granted, it is a different a different mix than home depot. A stunning statement from the traditional of england, where i believe one and in will be shown the door. Anna they are hoping to do this through voluntary redundancies and retirements and the like, but they got to get to that number. Food was a bright spot at marks spencers. Obviously, the online shift on all of these ret...
July 16, 2024
Is real simple. The economic gloom is tangible and the market brushes it aside. Good morning, everyone. This is bloomberg surveillance. On bloomberg radio, on bloomberg television. The bid keeps coming in. It is not about being up. It is the quality of the up that is so important. Jonathan the last several months, rotation on, rotation off. It was rotation off since june or so. In the last several hours, rotation back on. That means the cyclical parts of the market do better, tech underperforms....
July 16, 2024
Measures protests in a series of democrat led state, including michigan, a crucial state in 2020. He is going back and forth between whether he is in power or not in power when it comes to these decisions. The main critique for measures he introduced yesterday which will allow states that believe they have it under control to start loosening restrictions is that we still do not have Testing Capacity to catch any outbreaks that might pop up. That is fueling concerns there might be a second wave, ...
July 16, 2024
Steer the countrys recovery. On markets. Check the s p 500 up 1. 8 , being led by the energy index, even as oil reaches for a 17 and all. Handle. The dollar index close to 100 again, 99. 77. Lets get to Abigail Doolittle for a deeper dive into the markets. Abigail stop gains on the days certainly stand out, possibility of the reopening guidelines from president trump. But what stands out more on the declines in crude oil. Here is an intraday chart, down 7 , down much more before. This is the fir...
July 16, 2024
Then youll start to get a capitulation which will bring us another leg higher in yields. You will continue to see pressure on yields. Lower bond yields from here the market would not like. It reflects significant duration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. They perhaps havent overweighted duration. You want to be fine duration here because we have not yet seen a sustained pickup in momentum in u. S. Data. Jon...
July 16, 2024
Capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here the market would not like. If this reverses, it reflects significant deterioration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. A substantial amount of Institutional Investors that perhaps have overweighted duration. You want to buy duration here because...
July 16, 2024
Capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here the market would not like. , it reflectsverses significant deterioration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. A substantial amount of Institutional Investors that perhaps have overweighted duration. You want to buy duration here because we have n...
July 16, 2024
If it keeps pushing higher, then youll start to get a capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here the market would not like. If this reverses, it reflects significant deterioration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. A substantial amount of Institutional Investors that perhaps have overwe...
July 16, 2024
Keep going up for sure. If it keeps pushing higher, then youll start to get a capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here probably the market would not like. If this push higher in yields reverses, it reflects significant deterioration in macro. The market has come around to the view that maybe we are not going into a recession, but a Slower Growth environment. We have quit...