Party. And bitcoin. Well show you charts that will cheer those betting on a cryptocurrency crash. Betty it was quite chilly here today with that bomb cyclones blanketing the northeast. The natural Gas Producers quite warm and happy. A quick chart to show you where we are. Prices skyrocketing. Polar blast we have had today, and aiding in a winter storm. In a wintering storm. Youve really see the stress on the market. Some market paring back to the polar vortex back in 2014. How are you getting home tonight. Betty we will have to figure that out after the program. This winter blast did not keep investors away from equities. S p hitting records again. The dow adding on 150 point and nasdaq also higher as well. Tech stocks continue to rise. Onel stock down based growing concern over the security flaws in their chips. That is one we continue to watch. Yvonne stocks here on because of their best week in 6 months. New zealand kicking off flat and the kiwi at 71. 53. Australia just came under
Month amid tighter capital controls. Stronger chinese currency and resilient economic growth. Betty looks like were starting the second week in january on a pretty strong note after the jobs report on friday. Great story on the bloomberg talking about the early days in january, how that might indicate markets later in the year, about two thirds of the time the first few days in january are usually deposited pretty positive in the u. S. Market. In 1987, we had the strongest january start to the markets, and you know what happened in 1987. Dark days. I dont know if that is any indication. Yvonne and its a big week when it comes to data from the jobs report, which was a bit of a dud. Inflation seems to be the new jobs report that all of the bond markets and traders are looking at. If we do see this pickup in inflation, what is that going to mean for equity markets . Will we continue the goldilocks scenario as we have been talking about for 2017, that will be key. Betty that goldilocks sce
Mining fees set to surge after china crack down on bitcoin operations. Another day, another on bitcoin, right . We cant stop watching the cryptocurrency markets, but so watching lots of Economic Data. I want to just point out one that we had this morning. Jobless claims spiking tota threemonth high. Guys, take my chart. 5444, these numbers can be quite volatile. N september, those jobless on the backrose of the hurricanes. However, as you can see, relatively low still against the back drop of what weve seen in the last few years, isnt really any that there is a turnaround here in the jobs market. This tight labor market es to get tighter and tighter which means, of course, well continue to hiking rates. Yeah. That we n the fact past now eform what does this mean for companies . Saw walmart with news of raising the minimum wage to 11 per hour. Tight in the you cant t exactly add more jobs but aising wages, that will be ey, although there are a lot of questions, how much will that add to
Seeking 1 billion to get out of its iron ore joint venture in brazil. Betty a billion dollar headache for bhp, a 7 billion windfall for jpmorganwells fargo, that really propelled the market higher on friday. Along with that inflation data. In record territory in the u. S. , what a month it has been. Lets quickly pull up the boards to see how much we gain, the s p closing at a record, the dow adding over 200 points, the nasdaq also higher. I get the feeling a lot of this will be as the markets are so high, a lot of it will depend on the news we get this week, including earnings, the higher the markets go, the more vulnerable it might be to pullbacks. And many of us have wouldhe first of 2018, we see a pullback, it has been dead wrong so far. Saying thech, biggest on record. Find the bears are throwing in the towel. Looking to see some gains with the u. S. Markets closed for the holiday monday. This is how we are faring in new zealand, about 1 5 of 1 . 72. 47 for the qb right now. Thedol
Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site