17 Burst results for "Ryan Dietrich"

"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:16 min | 3 weeks ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"The cover story of the upcoming issue Bloomberg businessweek Week day afternoons at two eastern These are retailers that have been on everybody's radar Those Apple numbers continuing to come in on Bloomberg radio the Bloomberg business app and Bloomberg radio dot com The house could soon be voting on the bipartisan infrastructure bill Democrats started debating the rule for the social spending bill Friday night and then we'll hold a vote on the roll once debate is finished A final vote on infrastructure is expected to happen once that's over A new study suggests the efficacy of the three COVID-19 vaccines was impacted by the delta variant Researchers looked at 800,000 vaccinated U.S. service members and found the strain reduced the Moderna vaccine from 89 to 58% effective The nation is remembering Powell Powell was eulogized during a memorial service at the Washington national cathedral today former Secretary of State Madeline albright talked about Powell's kindness Beneath that glossy exterior was one of the gentlest and most decent people any of us will ever meet Powell was a former Secretary of State a retired general Stock market Ryan Dietrich is senior market strategist at LPL financial We thought but my wife we are getting stretched but it's been a great run clearly for the last several weeks here LPL is Ryan Dietrich so Wall Street wraps up a busy week that included a fed decision at jobs report and big news from Pfizer that its COVID-19 pill showed strong results Michael Collins is senior portfolio manager at PGM fixed income The jobs number in the chairman's comments are aren't the half of it I think this news actually from Pfizer and on the COVID side are our game changer This is a real positive for the supply side of the economy and the demand side Michael Collins of pgim and Anastasia moroso is chief investment strategist that I capital network In the very beginning of Q four we've been flagging the Q four is going to be pretty typically end up being seasonally strong 78% of the time it's higher and on average it's higher by four and a half percent Well we are already just a month into the fourth quarter and we're up about 8 and a half percent And we still have almost two months to go till year end Anastasia more osso of I capital network according to court documents Boeing directors agreed to a $237 million settlement of claims they turned a blind eye to safety issues relating to 7 37 max jetliners whose crashes of cast the company more than $20 billion A day of records on Wall Street with the S&P up 17 points up four tenths of 1% the Dow rally 203 up 6 tenths NASDAQ up 31 higher by two tenths of 1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.

Bloomberg Ryan Dietrich delta variant Researchers Powell Powell LPL Secretary of State Madeline al Bloomberg businessweek Powell Michael Collins Washington national cathedral Pfizer pgim Anastasia moroso Apple PGM U.S.
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:04 min | 3 weeks ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"This is Bloomberg radio Now a global news update The White House is keeping an eye on the floor of the U.S. House a vote could come soon on the bipartisan infrastructure Bill that's already cleared the Senate The path for a bigger social spending bill is still foggy Deputy press secretary karine Jean Pierre told reporters that both measures are fully paid for despite concerns among democratic moderates Chicago mayor Lori Lightfoot and Chicago public school officials say they're not holding classes next Friday to give families a chance to vaccinate their children the effort is to increase shots before the Thanksgiving holiday on that same day city employees will also be allowed to leave work two hours early to get a vaccine or booster about a dozen states are suing the Biden administration to block its new COVID-19 vaccine mandate Lisa Taylor has more under the federal guidelines workers must be vaccinated or get tested weekly Attorneys general and Nebraska Missouri Alaska Arizona Arkansas Montana New Hampshire North Dakota South Dakota and Wyoming are part of the effort Only sit Taylor Climate activist Greta Thunberg is showing her disapproval with the international climate summit in Scotland on Friday Thunberg called it a failure She added it morphed into a public relations event when in reality countries aren't taking real action to address the climate crisis Green Bay Packers quarterback Aaron Rodgers is speaking after testing positive for COVID that was followed by a controversy this week about his vaccination status I have an allergy to an ingredient that's mRNA vaccines Speaking to the pat McAfee show Rogers explained his allergy prevented him from getting the shots offered by Pfizer and Moderna That left only the single dose Johnson & Johnson vaccine but Rogers noted it wasn't possible after it got pulled earlier this year due to clotting issues Rogers then explained he found a long-term immunization protocol that would protect himself and his teammates I'm Brian shook The unemployment rate is down two tenths of a point as more Americans head back to work Rory O'Neill reports 531,000 jobs were added in October That puts the national unemployment rate at 4.6% The bureau of labor statistics says there was widespread growth particularly in leisure and hospitality The bureau also made upward revisions to figures released this summer adding 117,000 more jobs in August and another 118,000 more jobs in September I'm Rory O'Neill Members of the military who refuse the COVID vaccine could get a dishonorable discharge which would potentially block access to veterans benefits Republican Texas senator John cornyn says that needs to change He's part of a group of Republican lawmakers who have been lobbying for a less punishing approach This week the air force announced that about 8500 airmen missed the November 2nd deadline to get the coronavirus vaccine More municipal worker unions have a deal with New York City over the coronavirus vaccine mandate Scott Pringle reports Mayor de Blasio and his radio show says there's now 15 unions agreeing to no longer fight the mandate in court also part of this deal all employees who file a medical or religious vaccine exemption request will continue to get paid while awaiting their appeal decision but they must get tested regularly Meanwhile mayor de Blasio says all fire units are now fully operational there were staff shortages following a high number of firefighters out sick in what the city alleges was a sick out to protest the mandate lawsuit says the vaccination rate among firefighters It's now up to 80% Researchers are studying a fossil that's the first of its kind The skull of a child who lived as much as 335,000 years ago The skull of the child who was four to 6 years old is the first child known to belong to an ancient human relative called homo naledi It was found in 2017 in a cave system in the Unesco World Heritage Site in South Africa I'm Brian shook And I'm Charlie pellet at Bloomberg world Hank waters records on Wall Street 5 winning weeks in a row for the U.S. stock market Ryan Dietrich is senior market strategist at LPL financial We are getting stretched but it's been a great run clearly the last several weeks here LPL Ryan Dietrich so Wall Street wraps up a busy week that included a fed decision at jobs report and big news from Pfizer that its COVID-19 pill showed strong results Michael Collins is senior portfolio manager at PGM fixed income The jobs number in the chairman's comments are aren't the half of it I think this news actually from Pfizer and on the COVID side are a game changer This is a real positive for the supply side of the economy and the demand side Michael Collins of pgim and Anastasia is chief investment strategist that I capital network In the very beginning of Q four we've been flagging the Q four is going to be pretty typically end up being seasonally strong 78% of the time it's higher and on average it's higher by four and a half percent Well we are already just a month into the fourth quarter and we're up about 8 and a half percent And we still have almost two months to go till year end Anastasia moroso of I capital network according to court documents Boeing directors agreed to a $237 million settlement of claims they turned a blind eye to safety issues relating to 7 37 max jetliners whose crashes of cast the company more than $20 billion A day of records on Wall Street with the S&P up 17 points up four tenths of 1% The Dow rally 203 up 6 tenths NASDAQ up 31 higher by two tenths of 1% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.

COVID Rory O'Neill karine Jean Pierre Lori Lightfoot Chicago public school Biden administration Lisa Taylor Rogers Taylor Climate Greta Thunberg Thunberg climate crisis Green Bay Packe pat McAfee bureau of labor statistics allergy Pfizer U.S. House Scott Pringle Mayor de Blasio
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:12 min | 2 months ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"We solved. We do broadcasting 24 hours a day. Bloomberg Com and the Bloomberg Business Act. This is Bloomberg Radio. Now. Global News Update the White House's defending president Biden's updated strategy on fighting the covid pandemic. It includes broad new mandates on vaccinations. Press secretary Jen Psaki. What you heard the president convey. Yesterday is The next steps that he's taking using every lever of government to reduce his sickness is to reduce capital hospitalizations to protect mark people and save more lives. Some Republican governors are vowing to fight the new mandates. In earlier comments, the president said, have added an outbreak of measles is blamed for the pause of US bound flights carrying Afghan evacuees. Jen Psaki said It's a limited outbreak involving a few confirmed cases of measles. The evacuees have been housed at two U. S bases in Germany and Qatar after being airlifted from Afghanistan. The recall election is on September 14th. But a Republican candidate for governor in California is already claiming shenanigans. Replacement front runner Larry Elder says he has lawyers ready to file lawsuits Over voter integrity. Complaints sent to his campaign Elders website also links to an online petition demanding the state legislature investigate the twisted results of the recall election. The global chip shortage continues to drive down sales at General Motors at first, GM said the shortage of microchips would cut their auto production by 100,000 units in North America in the second half of this year. Now, General Motors is doubling that figure. Nearly all of their plants are extending down times as the global demand for chips outpaces the supply. Even with the slowdowns, the company still thinks it could be profit projections between 11 and $13 Billion. I'm Rory O Neill, the Dow Jones industrial Average lost 271 points to close at 34 67, the S and P 500 dropped 34 to 44 58 while the NASDAQ fell. 132 points to 15 1 15. I'm Brian shook on this 20th anniversary of 9 11. New York Senators Chuck Schumer and Kirsten Gillibrand are urging Kong Grace to pass a new health measure. Sara Lee Kessler reports. It's called the 9 11 Responders and Survivor Health Funding Correction Act. Schumer and Gillibrand say would address of funding shortfall in the World Trade Center health program so that people with 9 11 related medical conditions get the treatment they need and deserve. There'd also be research into the impact of toxic exposure from 9, 11 and psychological trauma on the more than 35,000 people who were Children at the time. Time attending school or daycare programs. Near Ground zero. Nikki Minaj's husband is pleading guilty for failing to register as a sex offender in California. That's according to court documents, which show Kenneth Petty is changing his initial plea of not guilty. He was arrested during a traffic stop back in 2019. When Beverly Hills police realized he had moved to the area without submitting his status as a sex offender. Pettis required by law to register after being convicted of first degree attempted rape in 1995. In New York. Florida's agriculture commissioner and candidate for governor. Nikki Freed is reacting to President Biden's new Covid 19 vaccine mandates. Rico Shell has the details. Freed says vaccines must be strongly encouraged for all workers, but frequent testing should be used for those unable or unwilling to get vaccinated. Freed says her hope is the president's more aggressive stance convinces anyone holding out that the vaccine is the best course of action. The Democrat adds that she has reservations about a blanket federal vaccine. Mandate. I'm Rick Oh Show one of the most iconic voices in rock n roll history is releasing a holiday album, Former Journey, frontman Steve Perry announced on Twitter. He's releasing a festive record called the Season just in time for this upcoming Christmas season. I'm Brian Shook And I'm Charlie Palette at Bloomberg World headquarters, Another down day for the S and P 500 index Stocks had their biggest weekly decline since mid June in volatile trading as investors assess the latest read on the economy after more strategist weighed in with cautious comments on the market. Ryan Dietrich is senior market strategist at LPL Financial. Yes, down five days in a row is gonna be the headlines. But to us it looks like a normal consolidation. It is September the worst month, the year Ryan Dietrich of LPL Financial. As for earnings, Stewart Kaiser is head of equity derivatives research at UPS securities argue on three Q earnings is consensus numbers are way too low and what we've seen in the last couple earning season. Frankly, is the cyclical trade, stalling out during earnings and large cap tech in those higher quality stocks outperforming so We do think there's a tactical cyclicals trade here, but I think it probably only have legs for a couple of four weeks. Stewart Kaiser of U. B S. Bank of America has announced its most significant leadership changes since the financial crisis, replacing its chief financial officer, Alistair Borthwick, president of global Commercial banking, will replace CFO. Paul Donofrio more from Bloomberg. SHONALI basic. There has been a long time that Wall Street has been waiting for this announcement after weeks of rumors and circulation around Tom Montag and Anthony Kane stepping down Now we have five new members of Bank of America's management team. Brian Morning, Hans as these changes are to position, the company for responsible growth. Bloomberg Shonali Basic Stripes said to be discussing a public listing with bankers for 2022 S and P Down 34 down 8/10 of 1% now also fell. 8/10 of 1% NASDAQ Down 9/10 of 1%. Global news 24 hours a day on air and on Bloomberg Quick take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Palette. This is Bloomberg. This is.

Steve Perry Larry Elder Alistair Borthwick Anthony Kane Tom Montag Charlie Palette Rory O Neill Ryan Dietrich Paul Donofrio Nikki Minaj Kenneth Petty New York Schumer Gillibrand Kirsten Gillibrand North America 1995 Sara Lee Kessler Germany Qatar
"ryan dietrich" Discussed on WCPT 820

WCPT 820

02:15 min | 3 months ago

"ryan dietrich" Discussed on WCPT 820

"Is closed today for the Labor Day holiday, with the major averages at or near record highs. Despite a mixed session on Friday. The NASDAQ closed Friday at a record high and the S and P 500 barely missed one by dipping into negative territory by a point or so at the last minute. So far, with three sessions in the books. The major averages are all higher for September, which on average is the worst month of the year for stocks. But Ryan Dietrich, chief market strategist at LPL Financial isn't worried too much. We saw 9.6% correction last September in the midst of a huge bull market, so yeah, you know, seasonality is a little worrisome 20% for the year as we all know, coming into September when you're up 20% for the year, the last two times it happened. We actually gained like 5% each of those September so the truth of the matter. Is. We're little concerned with the calendar, but there is sure a lot of momentum behind this market. Both the S and P and NASDAQ have been up for two straight weeks. The Dow, however, has been down in two of the past three weeks. Peter Shock now see and look Here. The CNBC business updates each weekday at 9 30 12 34 30 now, W. C P to 20 Chicago Traffic Report on Eden's like Cook Road Democracy. 21 Minute Stop on 14 Eden Spur Backup Traffic. Respond after Waukegan Road to Eden Spur from the tri state to Edens Expressway take intended as Kennedy inbound slow 1, 92 Harlem every backed up traffic and bond division Street to burn interchange O'Hare to burn energy. Change. 31 minutes. Kennedy Outbound jammed up between Montrose in Harlem, Maverick Burn Interchange Tool Hair 29 minutes on the about Eisenhower. Stop! Go! Traffic Ashland Avenue to burn Interchange on the Stevenson Outbound govern action reported at Lamont Road. This is on the entrance ramp from my short drive to use 3 55 take you 21 minutes get right in Botswana between the Stevenson and burn interchange That's traffic on Tom back. Joan Esposito live local and progressive. If we don't get a significant part of the unvaccinated population of this world vaccinated sooner or later, the virus is going to figure out how to defeat the vaccines we've gotten, so they're going to basically.

Joan Esposito Ryan Dietrich Friday Botswana 9.6% 21 minutes 20% Lamont Road LPL Financial September 21 Minute 31 minutes today 29 minutes Waukegan Road NASDAQ CNBC Edens Expressway 1, 92 two straight weeks
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:29 min | 11 months ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"I'm Charlie Cut a late day fade folks from beyond investing ringing that closing bell as we await the latest numbers out of Microsoft, Texas Instruments, a MD and Starbucks Ah sudden move lower into the clothes stocks returning from records ahead of earnings reports from the biggest tech companies s and P 500 struggled to gain traction. Throughout the session weighed down by worries over New Corona virus variants and hurdles to a fresh aid package s and P lower The closed down five a drop of 1/10 of 1% the Dow dropped 22 Lord by 1/10 of 1% again. NASDAQ pulling Back from her record down nine A drop of 1/10 of 1% 10 Year Yield 1.3% gold fell 2/10 of 1% down 4 50 the ounce to 18 51. And West Texas Intermediate crude down 5/10 of 1% 52 50 for a barrel of W T. I pity Bo's shares climbed by Aziz much as 58%. In fact, at the clothes they were up 81% today, the highest in about three years after a positive mentioned by seeking Alva, another big mover today game stop extending its astronomical, Serge. Those day traders continue to pile into the heavily shorted retailer Gamestop up today by 92.71%. So what might those high flyers tell us about sentiment? Ryan Dietrich is senior market strategist at LPL Financial. He was our guest moments ago, right here on Bloomberg Business Week. I don't want to say it's like 1999. Although I'll be honest, remember, 99. I was in college. I remember skipping theology class going to the penny port stocks trying to make a couple 100 bucks too. So I want I did is one time too. It didn't end so well. But nonetheless, you know, I don't think it's like 99 because again we have earnings growth. There is some optimism. Yes, he did. Skip theology class beyond meat Shares soared after the maker of alternative meat whose growth model has long relied on hope. Trial. Five profile partnership said it would team up with one of the biggest collaborators yet and that is Pepsico. Shares of beyond Meet up 17.7%. Pepsico up 1.2%. I'm Charlie Public. That is a Bloomberg business Flash. Wild saying Thank you moving. I got a few moves. I know you'll like shaking all over remembered. Business Week. Movers and shakers shaken, not start on Bloomberg radio. Yes, indeed. Everyone time to dig a bit into the trade and the trade is going to be largely tomorrow affected by some of the earnings that were getting after the closing bell. So let's go through it because we have Microsoft out. Here after the closing bell second quarter a ps 203 that is 39 cents better than what Wall Street was forecasting. Second quarter revenue 43.1 billion. That's a beat as well. Tim. The estimate on the street was 40.20 Billion. Productivity. Revenue also be 13.35 billion versus the estimate of 12.94 billion personal computing revenue. That to be intelligent cloud that's always an important one. That's where everyone is continuing to grow their businesses as demand for the cloud continues to grow. That, too, was a beat and a quick check on the stock. In the after hours, investors are liking it. It's higher by more than 3.3% taking up higher after investors are continuing to digest these earnings, Microsoft second quarter revenue that's a big beach. Wow. $43 billion versus estimates of $40.2 billion. Yeah, that is definitely a big beat T i Texas instead. And also out with their earnings. Let me just pull up the numbers here, and they're giving us some outlook tooth they're expecting for the first quarter revenue a 3.79 to 4.11 billion that is above the four counts to 3.58 billion that's out there. They're also talking about first quarter ups at the dollar 44 $2.66 again. Above estimates of a dollar 33 just a quick check on what that stock is doing in the after hours, and that stock is up about 1.5%. So listen, we watched that chip sector because ships go into everything. Not all chips are the same. But nonetheless, and that's after I should say, Ah, big beat for both the fourth quarter on the top and bottom lines, a dollar 80 for MPs. Versus a dollar 33 the estimate. Fourth quarter revenue 4.8 billion versus an estimate of 3.6 Man that is a big beat yet free cash flow for the year for Texas Instruments $5.5 Billion.38 percent of revenue. I'm still keeping an eye on Microsoft Carol because it's continuing to take higher here. Microsoft shares in after hours trading above 4%. Yeah, listen, this is going to shape..

Microsoft Bloomberg Ryan Dietrich Pepsico West Texas Intermediate Gamestop Charlie Cut Alva Texas LPL Financial Aziz Bo Charlie Public Tim
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 11 months ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"We're looking at this year, maybe up over 30% higher. The overall earnings and small caps relative to where they were in 2019. That is amazing, And it's another reason that shows just how quickly our global current sorry our domestic economy is coming back online in small caps tend to be more domestic by nature, but I will say that we have the year ahead event going on at Bloomberg and talking to I talked to the carnival CEO, Uh, you know, we're talking to all kinds of CEOs to get a feel of what's going on. And it's really a second half story that maybe we start to feel like things. Get back to normal, so we'll certainly keep an eye on that. Ryan. Thank you so much. Ryan Dietrich, chief market strategist at LPL Financial on the phone from Charlotte, North Carolina. I do feel like if there's any improvement, it's much more second half story. Yeah. I mean, if you think about even back to what the president said yesterday when he was asked about when all Americans could get a vaccine, he said spring. Okay, So if you think about that, if all America every American who wants a vaccine can get one in the spring And what does that look like for consumption and then also expenditures in the second half of the year? Right? And I do think people are going to be cautious as they start to kind of move out back into the world, Whether it's in restaurants, whether it's going to, you know, going on on airplane. I don't think it's gonna like a light switch is going to do. You're not gonna have their bags packed at that second vaccine dose. Ready to go on that go to the airport after getting the vaccine, right? Exactly. He's going to take some time. That's certainly what we keep hearing. All right, folks, We're just about 34 minutes away from that closing bell. We're gonna count you down to the closing bell and then Walk you through some of the earnings that we get after the closing bell among them, Speaking of big tech, we've got Microsoft will get their numbers. We're also going to hear from a nd Starbucks in Texas Instruments, so break down all those numbers. See what kind of trade we get me after hours. It's gonna be good kicking off a big earnings week, too. Yeah, Huge. No doubt about it. Are you listening to Bloomberg business? We can all mass along with 10 Standard X two grand. We've got the closing.

Ryan Dietrich Bloomberg LPL Financial CEO Starbucks Charlotte North Carolina America Microsoft president
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:58 min | 11 months ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"Radio. So it's time for the drive to the clothes and back with Tim and me is Ryan Dietrich, He's chief market strategist at LPL Financial 810 Billion in assets under man. Intimate. Ryan is with us on the phone from Charlotte, North Carolina. Ryan. Nice to have you here. I'm gonna go right to something that Tim and I are a little obsessed with And so is anybody on the Bloomberg and it has to do with Charlie Apologists talked about Pitney Bo's The stock is up 81% today. Um, you had, of course, the 400% rally in game Stop. Um Sarah Palin Zakhar Bloomberg process That reporter talked earlier about blue sphere. It's a penny stock, and it's seen Ah move to the upside of 451%. It feels like there's a lot of day traders or you know what we would have called day traders you know, years ago playing around on platforms and social media and really getting some momentum going How do you look at it? Are you looking at this? How do you think about it? Curl first off, Thanks for having me back, but we are looking at it. I think it's impossible not to write. You know, we took a look at the top 10 shorted stocks as a percent of float sold short in the Russell 3000. Not surprisingly, some of the names you just mentioned there, and they're up significantly this year. I mean, you just like these reddit boards and things that this truly hate to say this time is different, but it really seems like they're trying to find the most shorted stocks and then they're saying, Let's all bite it once and let's try to go after these hedge fund managers. That's a really unique situation, and I don't want to say it's like 1999. Although I'll be honest, remember 99. I was in college. I remember skipping theology class going to the penny port stocks trying to make a couple 100 bucks too. I want I did is one time too. It didn't end so well. But nonetheless, you know, I don't think it's like 99 because again, we have earnings growth. There is some optimism that's out there. But there's a major difference between now and then. But some pockets of too much optimism make us a little more cautious in the year term and those examples of these amazing moves. It's probably good one of the best ways to show Some of the excitement. We're seeing it socks. Well, we think about the stock market is being efficient, right? The efficient markets hypothesis, Right? Right. That's what we think it is. But when I see moves like this, it makes me ask the question. Wait. A second are is this Ah, sign of efficiency? I mean, what's the signal that it sends you about the market in the way that things are priced when you see moves like this? Yeah, Tim, I think the truth is, if anyone's done this long enough, you know, markets aren't always efficient, right? I mean, you like to think they are and longer term that maybe get there, but in the near term, you can have some incredible moves. And and it is just kind of the world we're living in. I mean, you look at today. I mean your small caps once again, our leading small customer at a huge rally, you know, since since really September and they continue to keep doing pretty well, So it's like, sometimes he seems to go a little bit further than what investors think. But then you take a look at things and you say something like financials. Okay, Financial that literally gone nowhere for 13 years. You look at you know the financial et ups and things like that. Nowhere for 13 years, So yes, there are pockets of the stock market that have really gone up a lot. But overall, there's always some value in some places that aren't nearly a stretched and we think you know, But when all is said and done, those would be some of the areas that do the best when this year is all said and done, such as what specifically Yeah, well, the cyclical value. I'm sure you've had one or two guests mentioned those words before, and we're in that camp, too. You know, Industrials materials financials. They haven't done as well now lately, they kind of did that, and financials haven't gone anywhere in a decade. What makes you think that This is going to be the year that's going to be different? Right. Well, we think for a couple different reasons. Look up the number of the 2 10 year old a curve. No one talks about it anymore. It's been steepening. Well, the steepest level's been in quite a while. The 10 year yield we think and continue higher. Maybe upto 1, 75 and all send done, Carol. Because you look a copper. Some of those industrial metals. Those tend to lead yields higher, higher, turning yields to help those financials. Now we're not saying you go majorly overweight. Put all your eggs in one basket financials, but we are saying That's a group that really finally like you said can do well potentially here, But at the same time, I didn't say that. I actually questioned if you're saying that after a decade that financials have gone nowhere. What makes you really think that this is going to be a different year? Yeah, well, no, You're right. And again, I think it's just the you'll finally gonna start going higher. I think if we think we potentially finally could start to see inflation, I get it for 10 years. People pride. Come on, you guys and said we're gonna see inflation. But when you look at some of those manufacturing data points that we've seen the last couple weeks Like every single 34 34 commodity inputs have seen higher month over month price increases when I seen massive inflation, but the place is starting to creep in, and that can lead to higher rates, and that potentially can help financials for the first time. Like we said it honestly about 10 years, maybe to continue to outperform and all of a sudden done, Okay. I know you're also liking tax, specifically semiconductors. What's appealing to you about that? Yeah. I mean, they're the ones who brought us to the party, right? I mean, you look at what happened here and like Netflix last week. I don't. Netflix is not a semiconductor. But I want to say, you know, people realize, Oh, my goodness. There's a lot of earnings growth still coming here, and we think you know, technology and communications services, which communication services having a really good day today, By the way, those are some of the areas that have had the most earnings growth and continue to so we're kind of taking a bar belt approach on one side, your growth, your area, your technology and communications and the other side, the cyclical value. Names. We just talked about everyone. I can only guys all last year. We said we like growth overvalue. We've really drastically even that up here, help your research. And we don't think you have to pick a favorite so to speak. Were saying, you know, both of those areas can probably do pretty well passed the baton back and forth versus last year, when it was pretty clear to us growth would do really well relative. The value we kind of changed our tune a little bit there. All right, Interesting. Big tech coming out. What do you watching in terms of the earnings and I know you look, you're a technical guy, but I do wonder what about the technicals? On as you said, Tech Bar Bell. That's some of what you like. Are there any names within that big tech world that you think in particular are of interest? Well, unfortunately, not a lot to talk about individual equities. What I can say is this you look at this earning season, you know, almost 85% of companies and beat. It's unbelievable How strong and I know the bar is low. That's the game that Wall Street plays. But still, this is incredible Earnings growth in no small caps. Ideas mentioned more caps. Earnings are incredible..

Tim Ryan Dietrich Netflix Sarah Palin LPL Financial Charlotte North Carolina Tech Bar Bell reddit reporter Bloomberg Charlie Apologists Pitney Bo Carol
"ryan dietrich" Discussed on 106.1 FM WTKK

106.1 FM WTKK

06:16 min | 11 months ago

"ryan dietrich" Discussed on 106.1 FM WTKK

"That's why rallies, retirement coach Wanna make sure that you're set up and you're good to go. As you take the next step towards retirement, and Brian and Makayla quick question for you as we kind of put a bow on to 2020. Are you the family that do you still have the Christmas decorations up or have your hand They immediately come down like As soon as the presents are open, and the wrapping paper's thrown away. Then we start pulling down the tree. Are they still up in the house? So the way the Christmas decorations work is they stay up is long as the family is around, And then when everybody kind of disperses, and the holidays are over, my mom make sure that they get taken down while everybody's still around the house to help out So they've been taken down and cleaned up. So we first got married. I was used to. We always went through January, 6. What was when I was growing up up? You know, the Canadian border that was considered It'll Christmas. And so we always would have a tradition 12 days after Christmas, where we would get a really small gift and me and my cousins would all get together that whore for in our family had seven. Cousins. You know, two houses down the street and our dads were brothers and our moms were sisters. So brothers married sisters, which made us double first cousins, and that was just a huge tradition. So we never took the decorations down before January, 6 and I got married. My wife was like 26 was like what? You know we get up. We have Christmas and 26. I got up. One year We first got married and she's two trees. Everything like what are you doing? You know, So now it's a good compromise. We usually three states upto after New Year's and like, Makayla said, You know, as long as it's on the weekend, everybody's around to help. You know this past weekend, we spent time getting you know the big tree out of the house and all the lights down and often Reindeer in the Santa Claus picked up. Yeah, we went a little crazy this year. Like I said, was 2020. We just said all right, We're gonna do it up. We spent a little more time and you know, maybe I investment in some additional lights. And my youngest daughter, Shayla, who goes school of these Carolina really has a lot of fun with that's kind of one of our traditions is we just You know, we go to Lowe's or Home Depot, like okay, What can we add? This year s o. We did that. But, yeah, we're typically New Year's, You know, right after New Year's I like to keep him up to New Year's. We don't go beyond the six like I used to growing up right? It's a good It's a good mix of Christmas. I love it so much. And then when it's over, I go through, like a really weird withdrawal. So like I'm like December 26, I'm in the front yard, pulling down lights. It's like a bad break up. It hurts. It makes me sad. I just I want you to be out of my life because I had so much fun and it's over. Yeah, we delay the break up a little bit. You suffer through well, 2020 has been a crazy year and it's been wild for everybody. But market strategist Ryan Dietrich tell CNBC that the good news is that we enjoyed quite a turnaround with our investments. There's been a terrible year for a lot of reasons. SNP was down 30% for the year back in March will remember that this is the first year in history and all that. Clea Hood that stocks finished higher after being down 30% 1 point, So that's a real positive thing to be to be feeling from where we were back in March, obviously, so all right, let's talk about 2021 any guesses what it might hold in store for us in terms of our financial lives were polish on 2021 Look, there's no sugar coating that 2020 was a tough year. We had a once in a generation pandemic, you know, a major service sector driven recession, very divisive and contentious Election cycle. Still remnants of that going on social tensions of many different strikes, multiple issues. All this stuff all kind of came together. It wants to really make it a tough year. But I don't not gonna weigh in on the social or political issues. But from an economic perspective, I can confidently say, Hey, I think the U. S. Is primed for a strong recovery in 2021 here for reasons that we kind of think you should be hopeful and a little bit bullish in 2021. Reason. Number one tell people not to fight excess liquidity. The Federal Reserve response in terms of you know, getting money out there in this recession happened in record time and in record dollar amounts The federal government followed suit with cares Act. They injected trillions of dollars into the U. S economy In all 20 twenties, the stimulus money amounted to more than 15%. Of our GDP, which is an astounding number. So look number One reason is, you know, don't fight all this excess liquidity and number two will go back and forth here a little bit. Obviously, we talked about this a little bit earlier in the show. I mean, Americans have done a great job of saving through the pandemic. And there is a lot of pent up demand that people have and you know, like we talked about people are itching to get out and go do things. And they ended. They have money in their pockets to go spend and do it. So, for that reason we're bullish on the economy because as things start to open up as the vaccine starts to roll out, like we said, optimistic, hopefully end of Q one. People want to go do things and they have the funds to be able to do it. I think there was $1.3 Trillion more. Then what They suggested what we would have prior to the pandemic as this result of household just socking away cash and not being able to spend it through their normal channels like travel and entertainment and dining out all the things we talked about The beginning of the show have reason number three that we think 2021 is going to be a good year for the market. Is to technological innovations and the profitability of this art technologies. Rolling economic development has been a persistent theme here over the last 10 20 even 30 years. But the critical difference mark between now and 2030 years ago is that these technology companies are leading the way. They're generating significant cash flows and that's key. They're generating cash flows in record time. We're not spending all these years in masses amounts of capital to build a network of plants or stores. Hey, today we could sell products you know, on the Internet, you can sell them through your smartphone and these what we call asset light technology companies are today..

Makayla Wanna Federal Reserve Brian Clea Hood Home Depot Shayla Carolina Ryan Dietrich CNBC
"ryan dietrich" Discussed on Progressive Talk 1350 AM

Progressive Talk 1350 AM

01:41 min | 11 months ago

"ryan dietrich" Discussed on Progressive Talk 1350 AM

"The number of Americans filing first time claims for jobless benefits is dropping, the Labor Department reported. 787,000 filed initial unemployment claims last week, which is down about 17,000 from the previous week. It's also way below what economists were expecting, which was 828,000. While the number is down pretty much every week since the pandemic began, has been higher than previous record highs. The government reported five points. Two million Americans are receiving unemployment benefits It looks like the stock market will end the year on a rally, which bodes well for future markets. Yes, we would still be a buyer of dips and this historically strong as a means of 14% the past two months. That's the best end of year rally we've ever seen. His history says A strong India rally usually means the next year's pretty good and it's not something we're gonna bet against here. Ryan Dietrich with LPL Financial. All the major indexes are up for the year despite being down double digit percentage points at the store. Of the Corona virus pandemic back in March. Oil prices are set to fall 20% for the year under the weight of coronavirus lockdowns around the world. In the year's final trading session, International benchmark Brent crude is down 21 cents to 51 39, West Texas Intermediate is off 24 cents to 48 19 of barrel. Despite the 20% lost 2020 could have been much worse. Friends and wt I prices have more than doubled since falling two decade low levels in April, and Ticketmaster is set to pay a $10 million Criminal find for illegally invading arrival company's computer system, prosecutors say between 2013 and 2015. Ticketmaster employees used stolen passwords to access computers belonging to rival song kick. The employees allegedly did this to obtain confidential business information..

Ticketmaster Labor Department LPL Financial Ryan Dietrich West Texas Intermediate India
"ryan dietrich" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:12 min | 11 months ago

"ryan dietrich" Discussed on NewsRadio KFBK

"ICU capacity has fallen to 14.4%. In the Bay Area region. ICU capacity is still in single digits, so they're also extending the stay at home order indefinitely gave be case John Byrne Iz tells us how today's decision effects even those outside the region. City officials announced the extension of the stay at home order today, citing the current coronavirus trends around the region and unexpected post holiday surgeon cases. San Francisco also extending its mandatory travel quarantine requiring anyone coming from outside the Bay Area to isolate for 10 days. That order does have exceptions for essential travelers. State rules say a region stay at home order can be lifted when remaining ICU capacity rises above 15%. Currently, the Bay Area's ICU capacity is at just 8.5%. John Burnett is E news. 93.1 KFBK. The National Guard is sending help to Los Angeles County to assist with the bodies from the covert 19 surge on Thursday. 274 new deaths were reported in L. A county alone. ABC is Alex Stone tells US police are now pleading with people to not gather for New Year's Eve parties tonight. It's illegal in L, a county right now to have any size gathering. But there are lots of underground parties planned in areas like Hollywood, LAPD chief Michael Moore saying his teams have been tracking social me. Media invites and will be responding to New Year's Eve party calls to break the mom will be out on both New Year's Eve and New Year's Day with heavy deployments will have aggressive patrol L A has been dealing with an intense surgeon cases, hospitalizations and deaths since Thanksgiving, and numbers are still hitting record highs like Stone. ABC NEWS LOS Angeles The stock market is ending the year on a rally. Ryan Dietrich of LPL Financial says that bodes well for future markets. Yes, we would still be a buyer of death. And this historically strong as these up 14% the past two months. That's the best end of year rally we've ever seen his history says. A strong into your rally usually means the next year's pretty good and it's not something we're gonna bet against here. All the major indices are up for 2020 despite being down double digits at the start of the Corona virus pandemic back in March. 5 34 on news 93.1 kfbk time to get you caught up on all this hour's top national stories. Ah,.

Bay Area ICU ABC Alex Stone Los Angeles County John Burnett John Byrne San Francisco LPL Financial LOS Angeles National Guard LAPD Ryan Dietrich Hollywood Michael Moore
"ryan dietrich" Discussed on 550 KFYI

550 KFYI

02:05 min | 11 months ago

"ryan dietrich" Discussed on 550 KFYI

"Lyrics inspired by state farm, surprisingly great rates, but my race like that great like that drive safe like that. I saved like that straight up. Fax. Great race like a good neighbor State farm. Is there The number of Americans filing first time claims for jobless benefits is dropping, the Labor Department reported. 787,000 filed initial unemployment claims last week, which is down about 17,000 from the previous week. It's also way below what economists were expecting, which was 828,000. While the number is down pretty much every week since the pandemic began, has been higher than previous record highs, the government reported. 5.2 Million Americans are receiving unemployment benefits It looks like the stock market will The year on a rally, which bodes well for future markets. Yes, we would still be a buyer of dips and this historically strong as a means of 14% the past two months. That's the best end of year rally we've ever seen his history says. A strong into your rally usually means the next year's pretty good and it's not something we're gonna bet against here. Ryan Dietrich with LPL Financial. All the major indexes are up for the year despite being down double digit percentage points at the start of the Corona virus pandemic back in March. Oil prices are set to fall 20% for the Year under the weight of coronavirus lockdowns around the world. In the year's final trading session, International benchmark Brent crude is down 21 cents to 51 39, West Texas Intermediate is off 24 cents to 48 19 a barrel. Despite the 20% lost 2020 could have been much worse. Friends and wt I prices have more than doubled since falling two decade low levels in April and Ticketmaster is set to pay a $10 million criminal find for illegally invading a rival company's computer system. Prosecutors saving Between 2013 and 2015. Ticketmaster employees used stolen passwords to access computers belonging to rival song kick. The employees allegedly did this to obtain confidential business information. Ticketmaster agreed to the payment in order to avoid prosecution on charges of wire fraud, conspiracy and computer intrusion. In addition to the fine, the company must also comply with ethics.

Ticketmaster State farm LPL Financial Ryan Dietrich government Labor Department wire fraud West Texas Intermediate
"ryan dietrich" Discussed on WGN Radio

WGN Radio

02:27 min | 11 months ago

"ryan dietrich" Discussed on WGN Radio

"Vote until the body considers increasing stimulus checks to $2000. Senate Majority Leader Mitch McConnell is blasting the proposal, saying it would allow a family of five making $250,000 a year and no job lost to get $5000 in stimulus checks. Experts from across the political spectrum agree that our colleague from Vermont is dead wrong on this. Socialism for rich people is a terrible way to help the American families that are actually struggling. Democrats did offer to vote on all issues President Trump objected to leading to his veto if Republicans agreed to separate them. Still, no budge, the nation's top infectious disease expert says it was inevitable that the new variant of covert 19 would arrive in the U. S. The good news is that it does not appear to be more virulent, namely, making people more sick and leading tomb or death, So that is a good thing. It does not seem to evade the protection that's afforded by vaccines. That are currently being used. Dr. Anthony Fauci said. The same safety measures are effective against the new variant as the old one, he says. It's as important as ever to wear a mask, Wash your hands and socially distance. The number of coronavirus cases continue to go up in Illinois, the Illinois Department of Public Health announcing 8009 new coronavirus cases and 133 additional deaths that's compared to over 7300 cases on Wednesday. Currently there are over 4000 hospitalized with Cove in 19 of those 837 are in ICU and 496 on ventilators. The state positivity rate is 7.7% Kim Gordon WGN news In Wisconsin. There were 3810 new coronavirus cases and 41 additional deaths. Statewide positivity rate. There is 28.4% in Indiana, There was 6543 new cases. 99 additional deaths for positivity rate of 10.6%. It looks like the stock market will end the year on a rally, which bodes well for future markets. Here's Ryan Dietrich with LPL Financial. Yes, we would still be a buyer of dips and this historically strong as he's up 14% the past two months. That's the best end of year rally we've ever seen. His history, says A strong into your rally usually means the next year's pretty good and it's not something we're gonna bet against here. All the major indexes are up for the year despite being down double digit percentage points at the start of the Corona virus pandemic back in March. And how about a feel good story?.

Dr. Anthony Fauci Mitch McConnell Vermont Senate Kim Gordon WGN Illinois Department of Public LPL Financial Illinois President Trump Ryan Dietrich Indiana Cove Wisconsin ICU
"ryan dietrich" Discussed on NewsRadio WIOD

NewsRadio WIOD

02:29 min | 11 months ago

"ryan dietrich" Discussed on NewsRadio WIOD

"News radio 6 10 w Y O T taking a look right now at Doppler Radar sun shining brightly across South Florida We've got 75 degrees and Deerfield Beach and 74 in Opa locka. It is now. 8 31 states coming off its high single day covert case count in months. Almost 13,500 cases confirmed yesterday, the most in over five months. Also reported 139 more lives lost due to the virus and the positivity rate. Four new cases at almost 9% alcove ID shocker for Miami Congresswoman elect Maria Evita cell Assad She's missing a ceremony next week in Washington to swear in members of the new Congress after finding out she's tested positive for covert 19 Republican who last month defeated Democratic representative Donna Shalala learned she's contract ID the coronavirus overnight after being admitted and released from doctors Hospital with a heart arrhythmia at a 32. Britain is now armed with another Corona virus vaccine. The country became the first to approve one developed by AstraZeneca and the University of Oxford. Shots begin Monday for nursing home residents, Health care workers and those over 80 mass immunization centers will be set up in sporting arenas and convention halls. The goal is to vaccinate up to two million people a week amid a new, more contagious strain spreading. Yeah. That is, Brian shook reporting It looks like the stock market will end the year on a rally, which bodes well for future markets. Yes, we would still be a buyer of dips and this historically strong as a means of 14% the past two months. That's the best end of year rally we've ever seen his history says. A strong into your rally usually means the next year's pretty good and it's not something we're gonna bet against here. Ryan Dietrich with LPL Financial on the major indices are up for the year despite being down double digit percentage points at the start of the Corona virus pandemic back in March is coming upon a 33 and what to expect when watching New Year's Eve on TV tonight. The most watched New Year's celebration will look a little different this year because of the pandemic. Dick Clark's New Year's Rockin Eve with Ryan Seacrest will take place in Times Square as usual, But Secrets tells us we will not pack in a million plus people, obviously, but we will have the performances like we always do. We will have the stage built like we always have, and I think it's important that we do bring in fun, and we do bring in this theme of celebration and the steam of moving forward and moving on from.

Opa locka Donna Shalala Doppler Radar Ryan Seacrest Deerfield Beach AstraZeneca Dick Clark Ryan Dietrich Britain Miami University of Oxford LPL Financial doctors Hospital Maria Evita representative Brian Times Square
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 1 year ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"That was the highest since we saw some data being compiled by us But here at Bloomberg, which goes back in the 19 nineties, so when you look at the valuation Of the market. Are you concerned when you look at next year's earnings estimates? We're not super concerned, is that is it a one? Sultan that we think all this is like 1999 markets Extremely overvalued. Thanks. So here, Carol, But I'll tell you what looking emerging markets. I mentioned them second ago. Very, extremely cheap relative, the US and you know why The emerging markets are not above where they were in 2018 emerging markets aren't you above where they were in 2007? You won't talk about a long base in a long time to kind of consolidate. We like to us. Still, don't get me wrong within the models that we run for our more than 17,000 advisers, emerging markets an area that we really think next year from a globally diversified portfolio point of view, that could be an area that you're really start to see some strength and out performance honestly led by China. Nobody trusts Chinese data. I get that. I'll say there's a lot of positives out three of Taiwan, China, There's some really good things happening in that place is we're looking for investments next year. What does that are cheap, which is the recovery here look like Does it does? It doesn't look like this V shape. We're not gonna have that. We know that. What do you look at? Yeah, Remember, I want the shape right? We've been seeing a swoosh shaped recovery were easy off the initial surge. We saw that the last couple months Now it's getting tougher looking initial claims just yesterday. Um, you know, there's there's gonna be some sticky points here. But the truth of the matter is we just released our 2021 outlook. We called it powering through here. Delta research. We think Us and grow about 4% next year. Globally, Probably 5% organ earnings of the S and P can gain Maybe about 20%, which you get it to a 1 65 multiple, and we've got a fair value target on the F 20 of 3900. I know that's a little lower than what a lot of people have been laying out there. But honestly, I've been coming with you guys where we've been bullish. Much this whole time, and we think maybe now that everyone started get optimistic. Here. That inter contrarian innocent Well, maybe let's pull back a little bit and globally. My goodness, gracious, emerging markets that area that, like I said earlier. There's a lot of opportunity for investors. All right, we're gonna leave it on that note. Ryan. Thank you so much. Have a good weekend. Ryan Dietrich, chief market strategist at LPL Financial on the phone. From Charlotte, North Carolina. So kind of laying out his metrics and what he's watching, but I think it is a week and I think you said it well, that it just feels like a day. We're gonna just take a break a little bit, and maybe the week because it does look like we're going to end lower for the week. Overall, I think investors are just kind of waiting to see if we pull something out of D. C. Potentially, that gives us some optimism. That kind of help shore up the up the economy said Yes. And then I think like Ryan was saying that it's kind of priced in right now. I think the big surprise would be if we continued not to get something. As the end of the year gets closer and closer. Yeah, exactly. I think that would certainly create some disappointment. I'm just going over to Airbnb and door to because I wanted to see how these doctor trading So Airbnb, which was up Finishing up about 113% yesterday. It's down about 2.5% so not a big deal door Dash, which was up almost 86%..

Ryan Dietrich US Taiwan Airbnb Bloomberg Sultan Carol Charlotte LPL Financial Delta North Carolina
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:32 min | 1 year ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"This is a Bloomberg business from Bloomberg World Headquarters. I'm Charlie. There you have. It sounded the closing bell at the New York Stock Exchange. We wrap up trading on this Friday, October 30th, and it is on to the weekend. Folks from SQ Z biotechnology's ringing that closing Bell, the Dow, the S and P and NASDAQ all slumping stocks, extending the worst weekly route since March after earnings from the biggest technology companies disappointed investors concerned that a slowing economy will damn profit now again on the weak. The SNP tumbled 5.72% today the S and P dropped 39 points down 1.2% the down with clothes off session Lows down. 153 points down 6/10 of 1% NASDAQ Down 274 A drop there of 2.5% 10 Year Yield right now. 100.87% the 10 Year down 15 30 seconds. Ryan Dietrich is senior market strategist in LPL Financial. He was our guest moments ago, right here on Bloomberg. BusinessWeek, the bond market. Maybe tell us a little bit. You know what we listen to it? Hey, yes, Stocks are volatile. There's an election next week is probate. All these concerns We get it, But the bond market in the credit markets. They're still suggesting potentially, you know that improving economy, which one? It was the opposite of what people expect. But I'm not going north, the bond market staying here and again worth repeating on the tenure. The yield now 10.87% Twitter closed down 21% today, posting its worst day since 2014 Twitter plunged after the company reported far future Newer users in the quarter than analysts had estimated, dashing optimism that social network would benefit from a return of live sports. Also next Tuesday's election again Twitter shares plunging 21.12%. Apple dropped after it reported iPhone sales that missed Wall Street estimates and said revenue in China slumped Apple lower today by 5.6% among some of the other tech decliners. Amazon Down 5.5% Facebook Down 6.3% again recapping stocks Or across the board with the S and P down. 39 points down 1.2%. I'm Charlie balance. Nobody move. Bloomberg BusinessWeek movers and shakers. You gotta move on Bloomberg Radio City time to take a look a little deeper dive into the market Trade Charlie, of course, breaking down those closing numbers. Lucky to have with us our own. Vince Signorelli, his Bloomberg News Global macro strategist. He's on the phone in White Plains. And of course he contributes to the schooI HQ. Macro Squawk desk a real time curating news. That's audio stream directly through your terminal. Check it out. It's squawk. Go on your launch pad, Vince Signorelli. It has been such a day that I have a sandwich sitting still on my desk, which is supposed to be like breakfast in my lunch and I still have to get to it. No, no, no, I don't want sympathy. It's just It's kind of how crazy it's been eso trick or treat. What do you make of the trade this week? Well, actually, the clothes look a lot better than I thought it was gonna be, which should give some traders of encouragement for the Sunday Open and to see how we play into next week's tire. At the end. I saw like the last few minutes we were way grab that. We just took a 150 points off off to doubt or back onto the Dow. In the last 15 minutes is all I'll go. This is all machine trading, probably just picking up some profits, taken back some shorts into into the weekends, trimming turning positions. Um, going to see a lot of Allah think over the next couple of trading sessions as we head into the election. There's there's no riel knows. Despite the polls, um and traders air seeing this is getting a lot tighter. The swing states are getting a lot tighter. He is very much a fear of a contested election, potentially going coming on after Tuesday and that we won't have AH, winner at all on Wednesday or Tuesday night. There won't be a clear cut winner. And you know just not good for risk When you have all that uncertainty, Vince, I always wonder. You know, we spent so much time talking about that that we might not have a decision or there's a good chance we won't have a decision. You know, Tuesday night, Andi do wonder traders. Even though people we've been talking about it, we're anticipating it. You know when the reality hits, it's a different thing. And I think you know everybody focused on the presidential election. I think the Senate may be a bigger story. When it comes to the stimulus of Senate stays Republican. I don't think there's any motivation for them whatsoever in a lame duck Congress to go big until I think stick to where they are on the skinny deal. Andi, wait to see we collected. Next cycle starts they get you know the Senate. The Congress sworn in on January 3rd much Edward 20th so they could move a little quicker if they choose. Assuming that the presidency does change hands. If it does not they then you're going to have a really interesting discussion between McConnell and Trump. You will see a stimulus bill, but the size of it will be questionable. Dude, does the McConnell pushing and looking ahead to the 2022 midterms would want to take credit for a big stimulus still to try to maintain the Republican majority in the Senate. So It could swing in a positive direction for for the equity market, likely a negative direction for bonds. The bigger the stimulus, the bigger the national debt, most likely, the higher the interest rates go down the road right, which is something that we've been watching his interesting data market guest who said that, despite you know some of the selling us on the equity market you actually saw, I think yields move up a little bit today like you're not seeing necessarily. Investors run for the exits when it comes to all of the different Asset classes that are out there knowing But I would I would not see the higher yields. To be honest, there's a positive. I think the markets are looking that more from a negative standpoint that they're going to see a big boost in And potentially three U. S. Debt markets higher yields. Hopefully, if they come at a time when we're seeing slower growth is just not a good place to be. It's interesting right cause I think back. You remember this. I remember this for years we talked constantly about the US deficit. And debt. And then it kind of went away even after the downgrade. You know of the U. S several years ago, but it's just interesting that it's kind of creeping its way back in. Do you think it could be potentially, you know, problematic. Eventually. I mean reason why it's not a big deal and no one's talking about his Christian. Not as long as you don't see elation you can put on as much as you want, because you know you're borrowing it low rates. It's not affecting the consumer when you start to see inflation, which is more of a psychological effect, really, where people start to worry that the price of that's why he is going to be higher or down the road. Then you might see it, and one of the places you might might get it coming from is actually the housing market as more people with with the covert situation are looking to move out of major cities, the buzzer getting bill price higher and higher and higher. It seems like 40% increase in prices in him. Yeah, you know, hang in there, but you know, it's good for them. I will seize up something. I'm writing for the block over the weekend. One thing no one is talking about. And that's the odds of it a relatively point my Mustang. But, yes, last muscle reports has this election within a couple of points of of of a statistical They see you. They see the races. Biden 49 from 46 at the half. They have the exact same prediction in 2016. They were one of the few who called it correctly if they if they write again this time. You need 270 electoral votes to win the presidency. If neither candidate gets it becomes a contest in election from the standpoint of the house, choose the president. Senate chooses the vice president. I gotta run. Gotta get to the stock of the day, but we'll check that out over the weekend. Vince Signorelli. Thank you so much. Alright. Dave Wilson, what he got for the stock of the day? I gotta Katya Healthcare Carol. They operate mental health and addiction treatment centers across the US and UK and also in Puerto Rico. A Katie was founded in 2005 went public in 2011 by merging.

Vince Signorelli Bloomberg Senate Twitter US Bloomberg BusinessWeek Bloomberg World Headquarters New York Andi LPL Financial Congress Apple McConnell Ryan Dietrich SQ Z biotechnology
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:59 min | 1 year ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"Ready under fire for alleged comments about following you on soldiers. President Trump says he won't allow that. The funding of stars and Stripes he tweeted. The military newspaper will continue to be a wonderful source of information. The Pentagon had ordered Stars and Stripes to shut down by the end of the month without explaining the order. Military newspaper has been around since the Civil War. Doctors in Miami may have put their finger on a new key indicator in detecting covert 19 Nicole Wilson has details. Blood clots could be a sign that someone is living with Corona virus and if treated with anticoagulants early enough, doctors say they could actually save lives. Doctors at the University of Miami's Miller School of Medicine came upon the discovery after a man came in with blood clots in the arteries of his arm. Now they're urging other health care providers to be on the lookout for the sign, especially When patients don't have the traditional symptoms of the virus, Nicole Wilson in a federal campaign filing rapper Kanye was to spend around $5.9 million on his surprise run for president. I'm John Jeffries. And I'm Denise Pellegrini in the Bloomberg newsroom. Investors are bracing for more volatility after that sudden drop for stocks on Thursday. Ryan Dietrich is senior market strategist over LPL Financial. And he says he thinks next month could be even more exciting. September October, historically, or the two worst months for an election year. October is actually the worst month on average during an election year, so After a 60% or Alan, the S and P a little bit more correction consolidation after that big run would be perfectly normal. Meantime, some developments on the U. S. China front in the growing race for tech dominance. The Chinese chipmakers Semiconductor Manufacturing international is denying its technology is used for military purposes. That's after Reuters reported the Trump administration is considering adding, as some I see To a trade blacklist. If you want to work from home, you might consider getting a college degree if you don't already have one, Bloomberg's Charlie Pellet explains about 13 million Mohr. Americans were back at work places in August than in Maia's fewer education, manufacturing and transportation employees said they were working from home because of the pandemic. That leaves an even wider gap between those who can shelter from the Corona virus on those who are required to be physically present had work as lockdowns airlifted, according to data from the U. S Bureau of Labor Statistics. Alright, thank you, Charlie. And speaking of jobs, an 18 year old can't buy a beer in most U. S states, but pretty soon here, she Maybe able to get a job driving a commercial truck across state lines. A federal safety regulators are considering lowering the age limit for interstate commercial drivers to 18. From 21. The trucking industry likes the idea. Some safety groups are expressing alarm. Global news 24 hours a day on air and I'm limber, quick take powered by more than 2700 journalists and analysts in more than 120 countries into the spelling grainy and this is Bloomberg. You're.

Bloomberg Charlie Pellet Nicole Wilson President Trump Ryan Dietrich Stripes Miami John Jeffries Chinese chipmakers Semiconduct Denise Pellegrini University of Miami LPL Financial Reuters Pentagon president U. S Bureau of Labor Statistic Miller School of Medicine Kanye
"ryan dietrich" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:43 min | 1 year ago

"ryan dietrich" Discussed on Bloomberg Radio New York

"Alex Steele. This is going off like a house on fire. I'm just going to say it. It's going to be great. When we set the business week. Agenda is steal for them. But 1st 1st you talk about the frozen characters on the wall in the room that you're in. Yes. It's Alison's bedroom because that's happening. Yeah, it's happening right now. It happens every day week. I should've mentioned this. We're ending week 19 here from right here in Sleepy Hollow. I called studio Alice. Let it go. Let it go. Let it go. I say that to myself every day, All right. Business week agenda. Let's set it Sarah Pontiac with this cross as that reporter for Bloomberg. Dave Wilson. Also with this, of course, stocks editor, author of the chart and Stock of the day. He is joining us from New Jersey. Dave, I want to start with you. You heard the numbers from Charlie. What do we need to know about this trade? What do the contours Well, it's a pretty broad based decline at this point on ly the consumer discretionary categories higher among the 11 main industry groups in the S and P 500. And that comes down to amazon dot com. Being up after rebounding from some earlier declined, So you know it's a pretty broad based move. Clearly, the news out of Intel that They're putting off their next generation of chips, in essence and not going over. Well, unless you happen to be an advanced micro devices, which is already producing the chips that Intel is delaying, so you can understand why it is that they have the two biggest moves in the S and P 500 until down more than 15% Advanced Micro AMG up more than 15%. And beyond that, you see some of the chip equipment makers taking it specifically Kayla a kind of jumps out front center. It stands 6.7% right now and beyond That of me, just a lot of specific moves tied in tow earnings, So you know it's a market that sound of setting up for declines. And that's particularly notable for NASDAQ. You know, it's been since the middle of May. That you had the NASDAQ composite fall two days in a row. Longest streak ever recorded. The folks that helped pl financial specifically other strategist Ryan Dietrich. So you know that streak may come to an end. Today, At least that's the way of setting up. Hey, Sarah. Question How much of this is actually just repositioning because I was super struck by the fact that Europe got hit much harder than the US, but it was the European equities that had a much bigger rally this week than US equities. Right. It's a great question. So there has been a lot of talk about us the rest of the world starting to actually perform better. I will also add that if you look at the U. S dollar today, the dollars spotting the lowest 2018 So that dollar trade does seem to be breaking down a bit. Also, when you think about repositioning many people I have spoken with those who are portfolio managers who have held the life of the same stock in their portfolios and said to me that in recent days, maybe last week they've been lighting it lighting up on those positions just because we have seen That's a spectacular run and we have seen that come about. I will note today. You look at the NASDAQ right now. The gap between the NASDAQ and the S and P has been narrowing throughout the day. But right now, the SNP Down 60 face of points where the NASDAQ is down 70 basis points, but still 10 of the last 11 trading days. The NASDAQ has now underperformed the SNP and that has only happened. Four times in the last 20 years. So, Sarah, What is this market most worried about, in your estimation. Well, of course, you always have to keep it on everything going on with the current virus on writing code numbers. Also any high frequency data showing that mobility is lagging. That the economy might be stalling out right now. Those specifically if you look at the time for him where we stand in the next week, being the last week of July and at the end of July, those extra unemployment benefit Are expected to expire. We know that right now Congress is trying to get a bill together. There have been disagreements. There's been some rumors of changing estimates for what the stimulus bill will entail. Whether it's one trillion two trillion won to 1.5 is really the estimate right now, But that's really the biggest worry right now, because if Congress cannot come together, agree on, son Stimulus bill, especially after seeing the first pick up in jobless claims since March yesterday, when we got that data that's going to be a worry Hey, Dave Wilson talking about gold. Okay. It's up dollars and and happy Friday. Yeah, absolutely. I mean, it's been precious metals to solid stand across the board, certainly with silver. It's been picking up to mean gold's kind of front and centre and you actually seen it in the mining stocks as well. You know, bigger gains in those shares over the last couple of months. Then then you've seen even in the metal prices, which is saying something and you just a matter of people kind of looking to take advantage where they can And you. A lot of them turned to the the stocks of the producers, as opposed to owning the medal or even getting into an exchange traded fund. All right. Well, thank you. Team Sarah Pons across that's that reporter for Bloomberg on the phone. Wilson stocks editor of four Bloomberg really back a little later with his chart and stock the day, Alex. We got a lot to get to over the next few hours, although I'm sort of bummed for you because you're gonna peace out at five. Did you know I'm going to talk to the CEO of King Arthur Baking? No. Yes, but you and I are going to get a chance to talk to a lot of cool people just to us..

Dave Wilson Bloomberg Alex Steele Sarah reporter editor Intel US advanced micro devices Sarah Pontiac New Jersey Sleepy Hollow Congress Sarah Pons Europe Alison Ryan Dietrich Charlie