Angry birds, indeed. Sydney, where its just past 9 a. M. , this is daybreak. Friday, everyone ah, thank you. Its just past 6 a. M. Here in kong. I think betty is probably into second or third thanksgiving course right now, so im thankful to be filling in with on bloomberg daybreak this morning. Also want to wish a happy ourksgiving to all of viewers globally, of course. What a day yesterday its been pretty quiet out it really is china, front and center. Take a look at my terminal here. Rout,tarted as a bond spreading onto stocks right now. The 10year Government Bond yield, that sent them tumbling. In 17 months. I think its still too early to tell. Feels like 201516 all over again. But when you see a cell off cant help butu get flashbacks. Absolutely. Of the boom bust of 2015 certainly looms large for a that verywho remember vividly. But i was just talking to adam. 3 was like a really stable low volatility day when it comes to Chinese Markets, so weve come a long the support of chinese
Back. The dow falling just 3 points. The s p 500 inching up. 02 . Nasdaq advancing. 50 . Even as the fed seems eager to pull the trigger. On a june rate hike. Its simple. This market is in a see saw mode and that throws some stocks off while allowing others to come along for the ride. The possibility of the feds raising rates sooner rather than later. With the market all over the place today. I think it is important to do a little refresh better what drives these moves and what allows certain stocks to rally in a truly sub par moment. Where it is awfully hard to keep the bear at bay. Lets start with the time line here. First on day one. Out of nowhere we start worrying about imminent fed tightening. Everything goes down. No market can handle a Federal Reserve official. Saying we need to raise rates not just once with you several time in 2016. When you get not one, not two but three of those guys saying the same thing and theyre showing the economy might be getting too hot like yesterda
Check out everything that happened during that period. There was only one piece of serious relevant information that popped up as having any sort of report. They put out a press release saying they were going to hire 80,000 workers for their biggest season, the Spring Garden season. I read it over and matched it with the previous year. When you put the language side by side, when you parsed these two press releases, you realized a couple of things. First, home depot was more than last year indicating they needed many more people out doors where the plants are. Second it urnltly needed to put people to work in its Rapid Distribution Centers to meet online demand. Thats it. Thats the only news that came out about home depot during the period when the stock was crushed. There are other things that impacted the stock. Companies. There were worries about its ability to pay back the convertible bonds. However, that should have made you want to buy home depot, not sell it. What else . The pri
In verizon or att . Sat on the sidelines for the move in caterpillar . I say welcome to the club. The club that defines this market, especially on days like today where the dow sank 109 points, s p lost 1. 2 and the nasdaq plunged 1. 62 . Lets learn from these clues and see how we can spot similar runs in the future when the market is going down, not up like it did today. Take home depot. You know ive been recommending this ever since the show started 11 years ago. Periodically it sells often. When it does last thing people want to do is buy it. If you dont want to miss the next opportunity you have to be ready to buy it in two weeks. In the beginning of february home depot stock fell five straight days. It dropped from 126 to 111. Did anything happen during that its a severe decline. I went back to the news flow to check out everything that happened during that period. There was only one piece of serious relevant information that popped up as having any sort of report. They put out a
May 30, 2024 -
The consulting firm EY warns businesses about the growing number of cyberattacks in Central America, Panama and the Dominican Republic, and the urgent need to