) close out Monday mixed, but it's not all bad as the S&P 500 and Nasdaq Composite post new record highs and the Dow Jones Industrial Average is just barely below its flatline. It's the end of the trading day andLPL Financial chief technical strategist Adam Turnquist comes onto the program to talk why he is being careful on buying the dip, but not encouraging investors to chase the market rally.
Not too much, but just something to put down to see if it happens a few days in a row, then we can have a conversation, tenure t note yield just about break even there on the day, not a lot movement in the bond market.And it's interesting that communication services, another mega cap sector is actually the least positive.
We're seeing a long list of divergences at the bread level and even at the economic level, when you look at some of the ISM services data last week, manufacturing both dipping into contractionary territory.We think we're probably due for a little bit of a pullback here. That wasn't the case last year when we had most of the economy surprise of the upside given the recession call that started 2023.
Technically speaking that you think look more attractive Adam right now, we like communication services.But you also get some of the more defensive qualities and the legacy telecom names that looks attractive. It's gross about 230 million worldwide, which did include 122 million over the domestic holiday weekend as well.
Yes, I was, I was just about to say that, I mean, you have the CEO basically touting how successful this was.But, and normally, when we have strong box office results, overall, we'll see a trickle throughout all of the big box office change.But, but again, it's, we're not totally out of the woods yet.
He would make no changes for people who are in the 40% the lowest 40% of households in terms of earnings there.And let's keep in mind a lot, you know, a lot of, a lot of seniors don't have a mortgage anymore, they own their home outright or they have a very small mortgage payment, they don't have childcare burdens.
And I think that's the point of this plan, which is that if you just do a certain number of things and do them fairly soon, including things that a lot of people are not going to like, you might actually be able to address this problem without having to owe overhaul the entire tax system or have massive tax cuts or tax hikes.We just need politicians who are willing to tackle it, what will be the catalyst that will tip them in the direction of doing that.
Um We've seen a few wobbles in the market for treasury securities with within the last 12 months, nothing like what I just described. He's done very, very few uh press conferences or live interviews where he's really been on the spot and he's had to be able to show that he can muster thoughts quickly and perry any kind of accusations leveled against him and that and that he's, you know, sharp enough to, to fight this kind of fight.One thing Trump could do is he can still attack.So Biden needs to be agile on the defense and on the counterattack.
Uh We're now the also seeing a little bit of momentum being the second or third best performing asset class in the world year to date. Um Unlike most opportunities in emerging markets right now, this is something that you buy for your grandchildren.And importantly, Indian companies have the opportunity to reinvest this growth in these earnings into compounding opportunities really profitable return profiles between 16 and 18% and then kind of bringing it back to that comparison versus China, India now has a larger population than China, a younger population than China.
And then in terms of China, where they're finding opportunity are areas that are less reliant on the rest of the world, less reliant on the West and where they find an alignment of interest with the Chinese Communist Party. Starting off on the Fed Fed chair Dr Powell is on Capitol Hill starting two days of congressional testimony.This committee is coming after committee member Elizabeth Warren sent a letter to Powell last week criticizing him for having private meetings with top bank executives and accusing Powell of giving them too much influence over Fed policy.
Industry giants that also happen to be established Dividend Aristocrats are worth holding onto for decades, virtually forever, for a reliable passive income. The post 1 High-Yield Dividend Stock You Can Buy and Hold Forever appeared first on The Motley Fool Canada.The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.
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