I think corporate activism which seems to be on a course with conservative values. That and much more on making money. Charles after a difficult week for the markets that saw a big selloff on friday, you know what . It is no surprise that were up today. At least that is what history tells us. It worked like a time. For the past 10 years buying a dip is a major moneymaker. It provided best opportunities on friday with 2 or more losses. The result has seen monday rebounds up 70 of the time. Over the course of the month up over 90 of the time. Over time history is repeating itself. I will bring in Money Map Press shah ghailani and Gibbs Wealth Management president erin gibbs. The market finds way to bounce back from the friday selloffs. We started out pretty wobbly today. What do you make of the rebound so far . Charles, it is like you said it is expected. When we see massive over2 drawdowns on friday. It gives everybody two days to calm down, to reassess and really realize maybe they wer
Thank you. Did you see how i perked up, great stuff. Thank you so much. Im Ashley Webster in for liz claman. We begin with the fox market alert stocks mostly lowered to kick off the week. The s p 500 and the nasdaq extending last weeks decline really the market treading wa water, theyre down reversing course up 40 points or there about coming off the worst week since october, the s p 500 and nasdaq also went off the lows of the session of the sour but still on pace to post the backtoback losses. Investors are cautious ahead of key inflation data this week we have cpi tomorrow, ppi on thursday and as we know those are two important measures that the fed will watch very closely as it decides what to do with rates, lets talk about nvidia also under pressure after posting the biggest oneday loss since may that was on friday shares are up 75 this year. Nvidia leading the way in the a. I. World nvidia in the magnificent seven as well, j. P. Morgan today downplaying concerns over a bubble in
Dow tracking up nine months in a row. Unbelieveable First Time Since 1959 s p same, First Time Since 1983. Nasdaq tracking six months in a row. Is next year going to be anywhere near as good as this has been thats a really good question, and a think a real financial adviser, somebody thats serious about what they do, take a year like this talking to their clients around this time of the year, the whole job is expectations management thats really the big picture so were having this conversation and telling people that this was a year you could not have afforded to miss because there arent going to be a lot of them and its very rare you would get two or three of them back to back, an amazing year of no volatility, never got near the never got near the 200day moving market and now were thinking about next year and were seeing whats the appropriate Asset Allocation, and we came into this year overweight international stocks. Were going to do the same thing going into next year on fixed inc
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t
This time Spirit Airlines coming under pressure after a big fight breaks out in florida. We will bring you all the latest details. We have one of the most surprising trades of the month the retail resurgence, Retail Stocks surging more than 1 today up more than 5 in the last month. Check out names like home depot and lowes hitting an all time high. Walmart at a 52week high. All this ahead of macys, j. C. Pennies and in order stroms ahead of earnings. Is the Long National nightmare finally over . What do the performance say about the consumer . Guy, what do you think . I dont think its over for macys or nordstroms. I think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over walmart for quite some time. These stocks still make sense, people will knock home depot on valuation. Maybe 20 times forward earnings, its getting a little expensive kward to lowes at 16. The world continues to set up well for home depot. They continue t