There was tesla. After its broad earnings report, shares were up as much as 6 but end of the day down by 5 it seems like the momentum trade, the big cap tech trade got unwound a little bit today. Yeah. Is this another one of those rotation moments we had one in mid may and one in mid june maybe we have one here in late july if you think about the move in big cap tech, apple is down about 5. 5 against the s p in the last ten days. Across the board youve seen this essentially across the tech space. If you look at small cap stocks, the iwm, the etf that tracks the russell 2000 it actually eked out a small gain today banks are up 4. 5 in the last ten days this isnt just a oneday move sometimes these days seem like, boy, this just all started today. This is a move thats been building for the last at least two weeks of sessions. I think its something that could continue weve just gotten through earnings from a lot of these folks and we started to see what it looks like when you start to sell
The specter of massive unemployment, possible permanent damage to the financial infrastructure all posing what could be a generationdefining dilemma. Fox team coverage. John roberts at the white house with the administrations position on the virus today. Chief Congressional Correspondent mike emanuel startups off start us off. Health officials warning lawmakers the consequences could be serious for reopening the nation too soon, noting that we are not out of the woods yet. My concern, that if some areas, cities, states or what have you jump over those various checkpoints and prematurely open up without having the capability of being able to respond effectively. Dr. Anthony fauci likely alarmed millions of parents when he talked about sending americas children back to school. The idea of having treatments available or a vaccine to facilitate the reentry of students into the fall term would be something that would be a bit of a bridge too far. Fauci tried to clarify that hes not suggesti
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