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The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days ....
The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large ....
Biggest loser. You just heard from courtney, after missing on earnings and slashing that forecast joining us for the full first hour, wealth management. Josh, as we just mentioned, fedex down a full 10 on earnings whats your take on that its important to point out that this trend in fedex stock actually began in january 2018 its been falling almost two years straight with very little respite on the way down. At this point, i think the answer, what you do with fedex, differs if youre a trader or an investor if youre a trader, youre not buying the stock i dont think theres any Material Support looking back at a tenyear chart until about 119, 120 that was prior resistance. It broke out it has retested that level before successfully. Thats where i would look at a tradeable bottom were not quite there yet. If youre an investor, you have to look at this moment to say this is maybe conceivably the most confluence of events. Having trou ....
Details on the returns so far. And the high iq of high fashion. Our expert guest will rate the strategy of gucci, burberry, and other known labels. What it all means for luxurys bottom line. First up, my conversation with an allocator. The head of an office with 500 billion in asset management. Constellation Wealth Management told me that their clients are focused on yields and taxes. People generally feel pretty good. It has been a good investment year. The s p 500 is up 25 . People are feeling pretty good. Cautiously optimistic. I do not think they are overjoyed. As we look at numbers on asset allocation, we see people taking money from fixed income. Much of it is not going back into the equity market. You have a net worth in the Third Quarter that rose. In theory, i know you deal with High Net Worth. People should b ....