Sipping. 6 . But for the quarter, the dow rallied 900 points, the s p climbed 5. 53 , and nasdaq polevaulted 9. 82 . You can debate whether thats all on trump, something i find hard to believe because so many of the worlds stock markets were equally strong, stronger than ours. But once again, the negative nancys just got it plain wrong, and many of the gainers were something that was totally accessible to you home gamers, even with those guys that are trying to get in your head, im talking about apple, amazon and facebook facing alltime highs. Trumps too erratic to get things done. The markets gotten to expensive, a vicious trade war is about to break out and the feds now against the bulls. I say get used to these arguments. Theyll probably be with us all year. Just remember what this market, though, was able to accomplish despite these very powerful arguments and perhaps keep that in mind as the beginning of is Second Quarter sets in. With that out of the way, what well be looking at
For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
A report of Nick Khan putting up all his WWE stock up for sale earlier this week led many to question his status with the company, but here's an update.
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