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The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech...

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 ou...

The heels of positive covid19 vaccine news why are all the opening trades down check out the airlines and cruise stocks, battling rocky seas with major losses a cross the board. Lastly, check out casino names youd think they would rally but no a sea of red. Whats with the break down between positive vaccine data and these trades were back to the old play book in the market, tim yeah we had a week off. S p outperformed amazon 8 in a week boy look at the turn around, look at that move by amazon, big upgrades on the street, maybe its just catching up to the levels 3200 on amazon by goldman, alpha...

Republicans are now diving into each different part of this h. E. A. L. S. Act as leader mcconnell termed this deal. It stands for healthic economy assistance Liability Protection and schools. The trillion dollar package has 105 billion for schools. That is more than was in the democrats heroes act from back in may. It has another round of direct checks and it has an add unemployment benefit of 200 a week. Thats a decrease of what its been for the last several months. But Senate Finance chair Chuck Grassley just noted this is going transition to 70 of a workers pre pandemic wage over the cours...

Yields crumble this move lower has huge implications on commodities, rates and multinational stocks tim, you say this is the sloppiest chart in the market right now. Why . This has not been orderly sloppy for the dollar is not something we should feel confident about. In the shortterm, i think the dollar is oversold i think we could see the dollar bounce a bit but i think this trend is intact i think its supported by some of the fiscal dynamics and really also a current account surplus in europe that people kind of forget about and banks that are a bit better in europe. What does this mean for...