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With so many investors now jammed into the same stocks, could this be part of a bigger shift. Your Investment Committee to help you knanavigate through alo this all right. Before we get to everybodys thoughts and insights and ideas, lets get a check on this market at this hour as you can see kind of like this time yesterday, we have the dow higher the dow is up 400 yesterday before sliding toward tend of the session. Were up 300 points today. Basically getting back to exactly where we were at this time 24 hours. The s p is up slightly the russell, the small cap up. Look at the nasdaq, only one of the four in the red here kate moore, you are big picture, macro thematic youve seen this befor especially on a tuesday seems to be bad for technology. Either way, do you believe that this is the beginning of this rotation that everybody kind of keeps hinting at about out of technology taking the profits, into other things or a one d ....
Lets get some deeper knowledge into what is going on with scarlet fu. Scarlett we saw indexes fall to their lows right around the time apple made the announcement. We know there was talk about the increased number of cases across certain parts of the United States. Apple says it will shut down 11 Stores Across florida, north carolina, south carolina, and arizona because of increased cases. That probably dragged down some of the other indexes. Financials are the laggards right now in advance of the feds stress tests. The central bank will consider the virus impact to guide whether banks can pay dividends. Small caps were hoping to lead on the way up, now helping to lead on the downside, although we are making a bit of a comeback. Through the 42 level but could not hold on. One thing i could not keep my eye on of is wirecard, the train wreck of the week. The stock rounded off a t ....
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyr ....
But its not over yet. Hes now considering a lawsuit. Fbn am starts right now. Lauren tuesday, august 8. Lauren simonetti. Cheryl good morning. Cheryl casone. Lauren the reaction from Silicon Valley and the entire world is split. Taking action. Train to firstcome our top story, north korea now threatening to use Nuclear Weapons against the u. S. Is attacked by american forces. Pyongyang says it will not negotiate on its Nuclear Missile program under any circumstances. U. S. Spy agencies detected in north korea voting antiship cruise missiles onto a patrol boat. North korea not backing down in the face of the economic sanctions unanimously approved by the United Nations. North korea tested to intercontinental Ba ....