The story of the day, the dow losing 258 points and really started with the bond market. Check out the yield. This is why it matters to stocks. 7 of the 10 s p sectors currently yield more than the tenyear bond. Investors buying stocks because they are the new bonds. How big of a problem is this . Bk. Well, listen, weve talked about this. I mean, its made me sick, we talked about it so much. This is what is going on. People are buying bonds. Were buying bonds for Capital Appreciation and stocks for yield. Its an upside down market. Its an upside down world. Now its starting to come home to roost. The volatilities increased. And the other thing you need to know, there is some underlying krentsz. Some strategies out there that buy both stocks and bonds. And when the volatility is low, they get bigger in their stock positions. When the volatility goes high, then they have to sell those stock positions and sell the bond positions. So thats why youre starting to see both of these come down.
If you take a look at the , you will see that Information Technology is one of the groups that is participating in the rally. Tech is coming back today. Banks are coming back today, as well. We do have to mention what is going on with oil as well. Because we had the big overnight move upward in oil prices on the news that saudi arabia and russia had agreed to Freeze Oil Production but then disappointment as that was all they agreed to do. We started to see oil move downward. We are lower on the day. Oil drillers are lower today. We did have wells fargo cutting earnings estimates for many of the Drilling Companies and cutting production targets overall for the industry. We had yet another driller claim bankruptcy. All of that is putting the pressure on and this is one of the groups that is not participating in the rally. Alix what is up with Consumer Discretionary . Why is that getting a lift . Julie Different Reasons depending on what fax you look at. Casinos are doing well. It is seei
I do it to help you be a better doityourself investor or better client. I do it with a spectacular team of people headed by executive producer, ra scree na gill gus and help of dozens of people responsible from all the look and feel of the show to the researchment we have a team that help helps me with memo and a head writer that has been our only writer since inception, cliff mason. My sister, nan and her husband, todds son. My nephew. The show has become a bit of a labor of love. We have been doing it for so long. We take it for granted. Tonight, im going to change it. Tonight, i want to talk to you about the show, its evolution and how you can best use it or worst misuse it. I am doing so because there is so much we throw at you that you might not be able to use it as effectively as we would like. I know this because i talk to enough people about the show and interact with people i have a pretty good idea why you come here and what you want. The show has evolved mightily. It was the
Over 47, brent crude below 49. Goldman sachs says oil has two state lower for longer. That is the way the market will be rebalance. Gas prices have fallen . 27 a gallon. The average price of a gallon of regular gas is 2. 20. It has fallen below 2 a gallon in 17 states. A breakthrough in finding out what happened to the air asia plane. One of the black box recorders that may tell what happened in the final moments before the plane crashed two weeks ago. The black box is composed of 2 parts, a flight data recorder and the cockpit voice recorder. The one thing we managed to find is the flight data recorder. The wreckage is 105 feet below the service of the java sea. The crash killed 162 on board. The biggest crowd in modern history in france, 3. 7 Million People marched to mark the terror attack. French president Francois Hollande proclaimed paris as the capital of the world today. John kerry will fly to paris at the end of the week. That may be an answer to criticism that the u. S. Only
Begin tonight with the nasdaq. Powered today by a 9 move in cisco. A deal in the Online Travel industry and stocks like en envidia. The infamous level of 5,000. The number is synonymous with the dotcom bubble that peaked in march of 2000 and went bust fast. The Technology Sector is a lot different now than it was then. Bertha coombs takes a look. Reporter health care anovalan in the nasdaq composite. Investor appetite for new tech stocks helped push tin dex within 5 of all time ether net bubble high. At the risk of sounding trite, the new tech boom is different. In 2000 you had a power ball move in the nasdaq that s following the tail end of this 15 year secular bull market and now its been a much steadier healthy move into 5,000 on what we see as the early stages of a new secular bull market. Reporter amo biggest differences . Bioteches now the biggest driver of gains up 35 in 2014 as Companies Like gilead have brought big drugs to markets. Another big difference . Tech valuations. Mi