‘Buyers strike’ is over, post-election stock rally has legs

first_img“There’s been a buyers’ strike for the last three weeks to cash,” but now that money is beginning to work its way back into stocks and helping propel the major U.S. equity indexes higher, Lee said on “Halftime Report.” “There’s been $4.5 trillion on the sidelines. Retail raised a lot of cash. People were really stressed into this. Now we have less uncertainty. Still uncertainty, but less and that’s why we’re rallying.” (This story is for CNBC Pro subscribers only.)The rally on Wall Street after Election Day may have momentum to continue into the end of the year, Fundstrat Global Advisors founder Tom Lee told CNBC on Wednesday.While the presidential race between President Donald Trump and Democratic challenger Joe Biden has not been decided, Lee said investors still have more clarity now than they did in the weeks preceding the election.- Advertisement – A trader works on the floor of the New York Stock Exchange.Adam Jeffery | CNBC – Advertisement – – Advertisement –last_img read more

Its tricky but at the same time who would want

first_img“It’s tricky, but at the same time, who would want to leave Arizona, especially after we’re a game away from the Super Bowl? It’s not like I’m looking to get out, but at the same time, there’s a business aspect.”Ah, the “business side.” It’s one of those terms that pops up every offseason in the NFL — whether related to roster cuts, free agent signings or perceived low-ball offers.Jefferson isn’t a fan of that side of the sport.“I hate it, I hate that aspect of it,” he said. “I play football, that’s what I like to do. That’s what I’m good at and I just wish it wasn’t so much business, but it is, so you’ve got to buy in according to that.”While there is disappointment in the restricted free agent process, Jefferson is keeping a positive attitude through it all.“You’ve got to stay positive, because this league can tear you down,” he said. “At the same time, I beat the odds. I was undrafted. I’m going into my fourth year and I just turned 24, so there’s still time on the clock.“Like I said, I like to play football. The money side of it is great, obviously. But at the same time, I’m playing football as my job, and I can’t really complain. I’m just blessed and I’m glad I’ve got the opportunity to play this game.” Top Stories LISTEN: Tony Jefferson, Cardinals free agent safety The case of safety Tony Jefferson is a little more curious. The former undrafted free agent out of Oklahoma just completed his third year in the league, and it was his best. Jefferson had 78 total tackles and two impactful interceptions. The first he returned for a touchdown in a Week 2 win over the Chicago Bears. The second came in the closing seconds of a Week 7 Monday night win over the Baltimore Ravens.Despite an excellent year, the Cardinals gave Jefferson the low restricted free agent tender, meaning his salary would be $1.67 million for 2016 and he could become an unrestricted free agent after the season.Another team can make an offer to Jefferson, and the Cardinals would have the opportunity to match it and wouldn’t receive any draft compensation if they don’t.No offer has come, leading Jefferson to believe he’ll be back in the desert for another year.“I wouldn’t think so,” Jefferson responded when asked by Arizona Sports 98.7 FM’s Doug and Wolf if they should be worried he’ll be playing somewhere else next year. “You don’t want to get yourself locked into long-term deals where you don’t even like your salary, and you’re unrestricted next year, so you have a chance to make more money. The Arizona Cardinals secondary will look a little different in 2016.Veteran leader Rashad Johnson has moved on, signing a one-year contract with the Tennessee Titans after the Cardinals, according to him, made no attempt to bring him back.Another veteran, Jerraud Powers, is an unrestricted free agent and though he has received little interest in the open market, it appears he won’t be back in Arizona for a fourth season. Former Cardinals kicker Phil Dawson retires Your browser does not support the audio element. Jefferson has until April 22 to sign the Cardinals’ tender offer that would keep him in Arizona for the 2016 campaign. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more