Search. Is it losing its safe haven status . Away from ther close of trading this monday. Lets head to markets desk were julie hyman has the latest. A bit of a sleepy day today. Julie this has been characterizing trading over the past couple of recently as we have seen stocks take a pause after a fiveweek rally. Seeing volume in the s p 500, 34 below the 20 hundred day average. Quite a drop. We already saw a couple of the lowest volume days of the year. That trend is continuing as major averages are little changed. Elsewhere, in other at its, you take a look at the treasury market. The 10year note. We have seen the yield work its way lower. We got a gdp revision higher on friday. We got data not quite as estimated and we will hear from janet yellen speaking tomorrow before the economics. We could get more direction for the market and treasuries. We are seeing the yield go lower. Oil and gold watching as well. We see buying and treasuries, the safe haven buying is not extending to gold,
Market. Look who is barks guy adammy. Petey is back, too. Two of you. Were back. Different ends of the world. The answer is i dont know if youre betting on the consumer but you can bet on certain stocks. Cocacola is a name we talked about over the last couple of months talking about the potential for there to be no triple tops and now this stock is breaking out. I think it made an alltime high today. I think valuations are reasonable, so you want to call it betting on the consumer, thats fine. Id rather bet on the company. I can bet on the consumer and also the ceo and management teams and when you look at j j and masako, 52week high, not just the consumer, other areas, coke clarks General Mills another one of the names, but i think its really oppressive. People have to understand that were in a different environment and they are spending money differently than they were, and i think thats part of the whole thing with the fed and everybodys concerns about gdp and everything and all the
Dom chu is here with perspective. I dont know is the bottom line. I do know im not getting paid twice as much anyway, so but lets look at this. If you look at the s p 500, we screamed those Member Companies for stocks that have not participated in the rally but could be trending a little bit higher here. Remember, these are all stocks that have been big down movers over the course of the past year plus. 500 s p members, we looked at those ones within 10 of their recent lows, just hovering right around their recent lows, 52 week or otherwise, within 10 of their 50day average price, just to give you an idea of trend, and still below their longterm average price trend line. Again, still below the longterm trend, but going a little bit higher, maybe dead cat bounces, maybe not. But only 27 stocks in the s p fit that bill here. Among some of the highlights, most of them, the vast majority of those 27 are in the health care sector, whether or not it is pharmaceuticals or biotech, two bigger
Going on and Cherry Blossoms are blooming. Its one of the most visited times of the year for the capitol hill area. Im sure that thats being taken into consideration as well. In the control room if you can bring up the 10year yield and 2year yield that would be interesting as well to see if weve seen a little bit of safety there, that would be a natural reaction to whats been happening. The 2year had been going up after the sale. Auction came out at 1 00, highest yield of the year and i have not seen what its done since that time. Good point there. Were monitoring the report that gunshots have been heard in the Capitol Visitors Center which is as we mentioned a moment ago underground complex that allows entry into the capitol. All right, out of associate press, also from reuters, Associated Press quoting capitol officials, one Capitol Police officer, shot, not fatally, the shooter in custody. The Police Officers wound is not serious and that is obtained from the sergeant at arms office