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The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and ....
Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say st ....
Its the fed on a day where the fed presented the monthly heati lly meeting, surprise we heard endless chatter how the stock market is in a bubble of the feds making. After a good day, the dow gained 160 points and nasdaq fell to 1. 35 . You need to know that i think this is totally nuts yeah, right. The all powerful fed created an environment where equity is the only asset class worth owning and bonds are for suckers. Its our central bank with the illuminati and free masons im sick and tired of hearing were in a bubble that the feds over inflating the price of stocks by printing money to keep the economy moving believe it or not, there is more to the economy than the Federal Reserve and certainly more to the stock market first, im not saying the fed doesnt matter of course, its important. They could raise shortterm rates to five and that could crush the stock market that would make the bears happy. I can hear them coming on air a ....
To the Deadly Police shooting of Rayshard Brooks. His family now calling for the Police Officers to be arrested. Police reforms and protests raging in the city overnight. [ crowd chanting ] under review. The fbi and the doj investigating the mysterious deaths by hanging. Two black men, 50 miles apart, what their families are saying this morning. The coronavirus in america. Hospitalizations on the rise in at least 11 states. Texas at a record high. New reports of houston, texans and Dallas Cowboys players testing positive including star running back, ezekiel elliott. Nashville and miami hit the brakes on reopening. Wildfires burning in the west. Evacuations ordered from california to arizona. At least a dozen states under fire watches and warnings. Ginger tracking t ....
Can i get you a drink . Name your poison. Dairy, it gives me terrible gas. Its the late show with Stephen Colbert. Tonight, weight botchers and real news tonight talks to South Carolina voters. Plus, stephen welcomes tyra banks and wildlife expert coyote peterson featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen hi how are you . Oh, yeah. Oh, yeah hey happy friday. Audience Stephen StephenStephen Stephen. Stephen happy friday. Lets go into the weekend strong, everybody yes thank you cheers and applause hello, my friends. Amazing. What an amazing crowd. What an amazing city. What an amazing world. How gr ....