The s p 500 below its 100 Day Moving Average, suggesting it could follow that the german dax below the 200 Day Moving Average. There is a bright spot. That is the fact we have bonds basically come at this point they are slightly lower. We have a haven bid. The dollar at the highs. The dollar had been appointed percent. 8 since june. Bonds have been higher, the best week since august. This week is shaping up risk off. Aix the public was david couple of questions. What is going on with volume and volatility . Abigail i am so glad youre asking about volume. I was looking at the apap function on the bloomberg terminal and we are above the average volume. Sellers mean business. Upfor volatility, the vix is , the nasdaq 100 fix up above 40 the nasdaq 100 vix headed toward 45, heading for its biggest spike since july. The selling pressure is serious. Because we have signs of weakness in europe along with the s p 500 being below its moving average, the near and medium term buyers are holding o
U can see thair quality, all of definitely take advantage of this with that clean air and we are looking at good tomato air quality through our day. It is a foggy start because of that onshore flow and even some patchy drizzle with that sea breeze. That is why we have that clean air. Temperatures are running in the upper 50s to low to mid 60s at this hour and through our afternoon, we are looking at 67 in San Francisco, 72 in oakland, 75 in san jose and 80 for concord. Highs are below average for this time of year and a little cooler compared to yesterday. I will show you our smoke alarm the forecast. It does look great today, but as we look to our weekend, that smoke pushes into the bay area and we will have details on this coming up in just a few minutes. Lets check in with gianna and it is foggy, especially across the Golden Gate Bridge. That is g if you are going out early and you plan on taking the Golden Gate Bridge, you will run into some foggy spots. Limited visibility will be
Flag warning we want to go to kron 4 Sarah Stinson first in the field in concord for a look at the conditions there sarah. Sorry im live here highway 4 above conquered were look behind me looks like a fog is all covering around me thats actually haziness air quality not so great this morning as we head into a triple digit day here in concord take a look so theres a red flag warning in effect goes in effect at one this afternoon and its not just here in concord are in the east bay is also up where the glass fire is burning in the north bay going to be a difficult fight for those firefighters as we head into awful conditions east bay hills Santa Cruz Mountains also in this red flag warning the last time we saw this morning the glass fire erupted over the weekend. So now more than ever its time to take this seriously weve seen the aftermath of what these conditions can produce theyre going to be northwest winds of 10 to 20 Miles Per Hour with gusts of 20 to 30 Miles Per Hour. We also have
And tech is staging a comeback, or at least it was, after yesterdays big losses well off the highs. Another brutal day of nikola the first sell rating on wall street and colorados governor warning of a potential wave of Coronavirus Infections the governor will join us with the new measures he is taking to try to stop the spread first up, lets focus on the big stories were watching one hour left of trade we have the latest on the stimulus stalemate in washington a half hearted bounce this morning. It seems like the dip buyers they keep drawing new lines in the sand as they back up and this morning the s p 500 futures got down to 3200 almost right to the tick we did bounce off there and then we have the post 2 00 p. M. Eastern time selling again a little Risk Reduction where people are not quite sure if if the footing is there for a strong close this down trend developed here were going back gagain to the june 8th high. Were turning around i point to the late july area. A lot of the leve
You could have picked any number of days to make this kind of call. Why was today the day you did it the stocks had a tremendous run, as you just we wanted to get through earnings to make sure our thesis didnt change. Our price target was 900 coming out of earnings and our perspective is the stock seems to be trading in the 1500 range which we find very difficult to justify unless we really make huge assumptions at this point were not comfortable making those assumptions. You admit today that trying to call the direction of the stock could be a fools game tesla shares are positive. Why bother trying to make call like this in this kind of a market its really not a call that the stock will go down in the next month or two. As anna agnalyst we set ratings. Objectively when we look at various scenarios for the stock and say what do we think is realistic price target based on those assumptions its 900. Its just a disconnect we move to an underperformer equivalent of a sell rating. Look, its