Far. Looking at so ar this morning we got Economic Data on home prices. The case schiller home price index showing an increase of war than five percent of a weathered is talking about the top 20 cities or more broadly, looking nationally. You can see the three major averages are trading higher, representing a rebound from yesterdays decline. Once again in the green for the full year. We have had a lot of switching back and forth on that front. As the is nearly as high nasdaq today. Seeing a switch from yesterday. Betty while prices are dominating the direction of the trade. Definitely, we are seeing more of an issue with commodities following the trade. This, 2. 3 looking at today. It is helping matters. Myyou look at bloomberg terminal, financials doing the best, followed by commodities. Yesterday, a broadbased decline, and today a broadbased advance. Natural gas is once again powering higher rate it has been on a winning streak on the outlook finally, some colder weather. The local n
It has become even more so as we get into the last quarter of the year. Oil is leading declines for sure. All major averages down. , driven by what is going on energy. Have the imap up here. Energy far and away the worst part arming group. Consumer discretionary, the only group in the green. Start to get more Holiday Shopping numbers and they are largely positive and it is definitely not enough to tip the scales. We have iran talking about increasing exports being a priority. Oil now at its lows of the session. Continuing that march downward. Do we blame well for the poor performance blame oil for the poor performance . Yes. Have seen this big upswing as oil has resumed its decline and accelerated its decline. It is now near a two year high. It is a 0. 4 correlation. Oil is driving the story at the time. Today look at your performance with the s p once again turning negative, Energy Stocks down 25 . If the stocksear to end the year negative, this is who you can blame. Julie hyman at th
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