Actually exist underneath the endless struggles in washington, dow dipping 42 points, s p advancing. 11 and the nasdaq advancing 3. 8 . The market shows that it loves tech in all of its forms and neither angry tweets by the president or angry speech in the house can all the stocks link with trumps real agenda. Tech is ascended because its got the organic growth that Institutional Investors love, but fabulous visibility that you the home gamer thrive on. I know we have been chatting all day about how blackrock has been slashing costs by firing the managerings and let tech pick approximate stocks, so why not booting the underperforming Portfolio Managers and slashing fees. Regular viewers know im a huge believer in indexed funds. Okay . I think you should stick the first 10,000 of your portfolio in a low cost indexed fund. I get a lot of heat on twitter, saying will you please listen to me on this . And you should stay in indexed swaps over into indexed bonds for more surety. But my poin
Market. We stay foe cut focused. As we should. Talking about our bond market hanging around that 2. 3. Under 2. 4 in terms of the yield. Thats been kind of the constant so far this week. You can see where we are on oil. Lets get to the road map this morning. Russian denials. President Vladimir Putin telling cnbcs Geoff Cutmore, quote, read my lips, his country never interfered in the u. S. Elections and calls the allegations lies and provocations. Plus, were keeping our eye on the Global Economy. Four former treasury secretaries sound off on financial reforms and risks and the trump agenda. And lulu sinks. Shares of lululemon tumbling, this after the athletic maker issued a weakout lo weak outlk for 2017. Lets start with putin. He made news at the International Arctic forum in russia. That was where he was part of a Panel Discussion with the president s of iceland and finland and Geoff Cutmore was the moderator. He asked putin if they interfered in last years elections. Heres his respo
Points, nasdaq declined. 52 . For staters, lets stipulate that anything can change beginning tomorrow, when we have the official kickoff for earnings season as citi group and jpmorgan report their earnings. You have to understand that we have had many bullish moves over the market in the last 36 years, but every big move, every move that had really any impact, always had the bank as one of the major leadership groups, the banks are really the reason that the trump trade had such power. Jpmorgan stock rocketed from 67 at the time of the election, up to 73. These are huge almost unprecedented moves and they have been rolled back rather substantially in the last month. The first part of the bank rally was pretty easy to figure out. Going into the election season, pretty much everybody thought Hillary Clinton would in. She wasnt what anyone would call a pro banking candidate. So i think the defeat of the democrats in november, was responsible for at least half the movement back. Add presid
2008. It is nine in a row. The longest losing streak since 1980. I mean nothing compares to what the cubs. Still, the action could have been worse. Nasdaq falling 4. 2 . The ladder seems baked in the cake. After todays employment rate showing good jobs. Remember the market can handle rate hike. Provided that enough company is doing well enough. The bulls also cheered. So how about next week . How about our game plan . Lets face it. We have won of those moments where the whole world could change on tuesday, or will it . It is friday. I think because the markets have been down for so long, it looks out to me. Wall street had a chance to panic of trumps presidency. Of hillary being defeated i is i do think a clintons win would cause a severe spike up. Trump will likely refuse to concede on the grounds of prisoner. We rebound, hillary is not suing. Dont get me wrong. I am not saying that hillarys presidency is better for the economy. I dont make political judgment. Trump is a predictable k
1980. I mean nothing compares to what the cubs. Still, the action could have been worse. Nasdaq falling 4. 2 . The ladder seems baked in the cake. After todays employment rate showing good jobs. Remember the market cand provided that enough company is doing well enough. The bulls also cheered. So how about next week . Lets face it. We have won of those moments where the whole world could change on tuesday, or will it . It is friday. I think because the markets have been down for so long, it looks out to me. Wall street had a chance to panic of trumps presidency. Of hillary being defeated is i do think a clintons win would cause a severe spike up. Trump will likely refuse to concede on the grounds of prisoner. We rebound, hillary is not suing. Dont get me wrong. I am not saying that hillarys presidency is better for the economy. Trump is a predictable kind of guy. Who ever wins will come up with the strategy on mad money to help you make money. We need to know the parameters and partici