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June 28, 2024
Disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, theres so much to discuss i couldnt think of a better day to have you. Welcome back. Nice to see you i know people think of you as this energy guru and oil trader, but what is your broad view on where we are theres so much going on today alone to discuss where do you see the markets right now . Simply at some point when if the ecb pulls back, japan pulls back and ...
June 27, 2024
And i love gold gold just did something it hasnt done since 2012, and the chart master says it could point to major gains in the year ahead. The action begins now. Stay right there because 2016 is officially in the books, and the worst performing sector goes to healthcare. The Group Falling 4 this year and only sector to close in the red. Should you buy the Group Heading into 2017 . Lets get in nony right now. Mike, what do you say . Yes, i think we absolutely should. This is a sector that ran h...
June 27, 2024
Hasnt done since 2012, and the chart master says it could point to major gains in the year ahead. The action begins now. 2016 is officially in the books, and the worst performing sector goes to healthcare. The Group Falling 4 this year and only sector to close in the red. Should you buy the Group Heading into 2017 . Mike, what do you say . Yes, i think we absolutely should. This is a sector that ran head long into a political storm, and i actually think that with everything that will be happenin...
June 25, 2024
Where julie hyman has the latest. Julie another quiet rally pushing us to new records again for the dow and the s p 500. 51 points, but i track for a record close. The s p 500 as well. The nasdaq has been the big leader with a more than 1 gain on the strength of tech heavy earnings. The s p 500 reached an intraday record over the course the day if you look at trajectory. We saw a record high not that 130. Ago, right around we will see if we see more strengthening into the close. As far as streng...
June 25, 2024
Fed kicking off. The worlds most valuable company set to give earnings after the close. We will set up everything you need to know. When it comes to the markets, and ethics story all the way. Low rates river is where the smart rates has been for the last couple of years. In the fx market, weaker pound, stronger yen. Stronger by 1. 36 against the dollar. As the helicopter money fades ahead of the doj decision on the friday. The weaker pound story means a stronger dollar story as well as we carry ...
June 25, 2024
It is currently below where it is trading now . Well, it is affecting the direction of the market that wanted to point higher. When it relate s s to apple wit sitting at 89. 80, and make the short trade and go against the big Balance Sheet . I am not sure it is something that you want to do, and if you believe it is the right move, you have to hope it is getting to 80 and not going to be buying back the stocks. And on the longer term basis, i believe in apple and the story and the the vision and...
June 25, 2024
Bullard told cnbc about a potential june hike. Obviously weve tried to be data dependent, and i dont think theres any reason to prejudge the june meeting at this point. We can wait until we get to the meeting, see what the data say and try to make a good decision there. I think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. The labor market data, as i said, if yo...
June 25, 2024
Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Change...
June 25, 2024
Its a remarkably simple process, folks. X marks the spot. More than 46 million eligible voters expected to select remain or leave, but look what they are facing. Torrential rain which experts say tends to favor the more determined leave camp. Look at these pictures. The London Underground is flooding, cars are submerged. People need to be rescued, but no matter what, the votes will be counted by hand and official results made public early friday morning. Weve got both sides of the vote covered. ...
June 25, 2024
Meg tirrell will tell us who the suitors are. The dow, nas sack dak many perceive to be a strong showing for Hillary Clinton. So the fed at rest through december and the first debate out of the way, are we getting now the allclear to buy stocks . Guy, what do you say . I dont think you get the allclear at all. I think there are so many risks out there, ex politics a tremendous amount of risks. But look how the market look how the s p has held the level we have talked about for quite some time. T...