World. Good morning, everyone im david asman and for stuart entere. A second virus wave in your, that continues to weigh on investors minds today but there are hopeful signs as you can see green on the screen, meanwhile big tech is trading in the green, amazon is seeing the biggest premarket pop, they just got an upgrade from bernstein to outperform maintaining the 3400 price target, amazing, battery day for tesla which continues to plow ahead, its awful little bit and premarket activity but elon musk say we will see the new product announced until a serious highvolume, until 2022, thats when the new battery will be coming out, the market is waiting on that, and politics versus the Supreme Court, still in focus, trump met with Amy Coney Barrett on monday, multiple sources telling fox news that she is the front runner to succeed Justice Ginsburg. Senate judiciary chairman telling Lindsey Graham and sean hannity that republicans have enough votes to confirm a replacement, today we hear f
The bigger question is will they continue to buy the dip knowing all of the information they know. The volatility, the uncertainty around the election, the stimulus, plus the fact that some of the august move up first stocks had so much to do with options. Some encouraging signs relative to the idea that the virus will stick around. The vix is down, suggesting investors are less worried. We have bonds down on the day. From across asset class standpoint it is risk on. A littlettle david bit of risk on. What are the bread comes the markets may be leaving behind. The dollar is not moving much. Is there any indication what comes next . Abigail if we were to take a look at volatility indicators, that is what stood out over last couple of weeks, some of it having to do with options activity that pushed stocks higher. That is where you want to look. The nasdaq 100 vix are both down today. There are signs volatility could move higher. Another tell is an index not looked at by many market watch
Ground knocked unconscious. A 32 minute video leading up to moments of his attack. He said he pulled the truck over the side of the road to stop a persons backpack being stolen. That is when the mob turned on him, punching him in the face. Brand new video of protests turning violent in new york city over the weekend. Suspected members of antifa on a rampage vandalizing buildings, trashing a whole foods and apple store in the williamsburg neighborhood of brooklyn, calling for the murder of jeff bezos. Former louisiana governor, 2016 republican president ial candidate bobby jindal on the post master general testifying tomorrow on capitol hill. There is trump hater, former fbi lawyer Kevin Clinesmith the first to plead guilty in the john durham probe on the illegal spying on the Trump Campaign. Guy reschenthaler on that. Republican strategist Ford Oconnell on the Goodyear Tire. They are responding after trumps calls for boycotting their attempts to curtail the constitutional right of thei
A lot of folks thinking it was over and done. Ck upof those sto sharply. Nothing is changed for these companies. What is changing as investors saying we have gone too far, too fast, so now we are seeing a pullback. Again,take a look at the we are seeing a pullback. If it is a fearful look for stocks, you can see those haven assets rallying. The point wisely yesterday. What is going on with softbank . There is a Financial Times report that what triggered this is they went big and some options on big tex. Abigail that is an interesting point. I do not know if it has to do with softbank, but theres been a lot of unusual options activity where you have folks buying shortterm call options. That is expiring this week, next week, betting that after the huge move up, the nasdaq up 80 from the march lows come after that it will go even higher. Some thinking that is not so stable. What we think because of all this is it is technical selling down to the 50 Day Moving Average. If the 50 Day Moving
And citizens of all backgrounds. The cost of the biden shutdown would be measured in increased drug overdoses, depression, alcohol addiction, suicides, heart attacks, economic devastation, job loss, and much more. Joe bidens plan is not a solution to the virus, but rather its a surrender to the virus. [applause] my administration has a very different approach, to save as many lives as possible, we are focusing on the science, the facts, and the data. We are aggressively sheltering those at highest risk, especially the elderly, allowing lower risk americans to safely return to work and to school, and we want to see so many of open byeat states be democrats. We want them to be open. They have to be open. They have to get back to work. [applause] workhave to get back to and they have to get back to school. Most importantly, we are producing a record a vaccine in record time. Under operation warp speed, we have three different vaccines in the final stage of trials right now, years ahead of