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About the golden opportunity traders are spotting in the market, thats ahead we start with another big day for the market nasdaq posting another alltime high as coronavirus cases continue to climb and risks up we got the Economic News on the u. S. Front so guy, have we become enured to the rise in coronavirus. We got really good and really bad data i think the market seems to discount the bad it seems to get geeked up on the good, which weve seen over the years. To me its all about the liqu liquidity thats being presented and put in the market by Central Banks globally im pretty outspoken about that. But we did say on june 26th, if you recall, we were encouraged the market held 3,000 level at s p 500 and gave us something to trade against. Didnt think wed be here today, quite frankly. But the next level, the june 7 high of 3240 is in the cross hairs of the market and has to pro ....
And later, former saks ceo steve sadove markets trying to get back some of what was lost on tuesday. As you know by now, the dows worst day since july, up about 130 here s p continues to circulate now around 44. 50 you have a little bit more tame vix picture below 16 and that tenyear coming off of 4. 22 this morning. Tech is lagging after yesterdays selloff and now the more recent underperformance of tech after the outperformance of tech so far yeartodate can tech continue to rally as these yields, even if theyre pulling back, settle in at higher levels. And the debate continues about whether the economy is too hot to get rid of inflation for the fed. Just this morning, we got some housing numbers that were better than expected. Industrial production, a litter better than expected after yesterdays retail sales a lot of jokes about the magnificent one or two, as opposed to magnificent seven, although cisco tonight could give us a view at least of enterprise spend and whether that gets a ....
Nearly half a percent. Well, you know what its like . Its like when the tide goes out. You can see whos really swimming naked versus who whats got the latest speedos or whatever theyre wearing these days. What do i mean by naked . Anyone who be knocked down on versus on whos being hurt by china the bear market over there. By the way its morphed into the bull market. And would be hurt by higher Interest Rates and the super freaking strong dollar. Its a very, very big group. But the others . The companies who have actually got their swimsuits on in the s p rip tide they stand out while everyone else is naked and yeah drowning. All this is being revealed with the perfect moment. We know lets say were a big chunk of earnings. Which means we can make some judgments. Spot a couple of positive themes we can rely on. Probably from now until year end. Let me tick them down. The first theme the first theme thats withstanding the s ps undert ....
For a philadelphia beverage surcharge. It is not about 45 cents but principal of the fact that they implement aid new charge and didnt let customers know. I felt everyone had a right to know. I looked and it said philly beverage tax. Reporter word was spreading so people like Kristin Coons who posted bit on facebook. She was frustrated the cost of the tax that only effects distributors selling sugary drinks in philadelphia was being passed on to customers outside city. Delaware county should be its own not part of the philadelphia. Reporter general manager for the franchise who owns the wendys says surcharge was mistakenly added to tabs in ridley park on monday. Charge was only meant for stores in philadelphia dealing with higher distributor cost because of the new beverage tax and sure enough today by the time we walk in the ridley location to see for ourselves, there was no soda tax surcharge, added to our order. But that was a d ....
For a philadelphia beverage surcharge. It is not about 45 cents but principal of the fact that they implement aid new charge and didnt let customers know. I felt everyone had a right to know. I looked and it said philly beverage tax. Reporter word was spreading so people like Kristin Coons who posted bit on facebook. She was frustrated the cost of the tax that only effects distributors selling sugary drinks in philadelphia was being passed on to customers outside city. Delaware county should be its own not part of the philadelphia. Reporter general manager for the franchise who owns the wendys says surcharge was mistakenly added to tabs in ridley park on monday. Charge was only meant for stores in philadelphia dealing with higher distributor cost because of the new beverage tax and sure enough today by the time we walk in the ridley location to see for ourselves, there was no soda tax surcharge, added to our order. But that was a d ....