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Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella ....
Recession. Blockbuster have mr. Kudlow we have blockbuster retail sales. Most economists on wall street towards the end of the week had been marking up their forecasts for the third and fourth quarter. David do you think they had a message . Alix a little bit. That was just a little bit of the networks they were on. Markets, the question really becomes where are the actual recession fears, and where are we actually ok . You can see that playing out in eurodollar right now. Living a bit higher, we can take a look at where the markets are trading. After the news broke that germany is potentially looking at stimulus, specifically targeting job creation, that is giving a lift to the markets. David big news as we were coming to the air. Alix we sort of knew this. David but now they are signaling targeting job creation. Lets get to the morning brief, where we look at the week ahead. Home depot, t. J. Maxx, and kohls reporting tuesday earnings. We get to see the fomc minutes from the last mee ....
Rates because they have already accounted for trade. Id weve taken caracalla weve taken care of that, i didnt have to worry about every up and down in trade negotiations. The nature of the war is that you have titfortat going on all the time. It is not reasonable for Monetary Policy to respond to all of these threats and counter threats. Weve already taken that into account. Trade regime uncertainty is high , and we are putting that into the Monetary Policy calculus. Alix then you have a three month tenure curve that doesnt want to listen threemonth10 year curve that doesnt want to listen. David i dont think markets believe him. Alix it is an extraordinary day shaking out. Equities continue to climb. We are seeing some followthrough buying, watching some moving averages. In asset classes, it is a really unbelievable day. Money flooding into all bonds. Europe. Ves over in al ....
Action with abigail. Abigail lets stick with this roller coaster theme and ask the question did amazon have a capitulation bottom . Overnight, the futures were actually higher, then down, down, down, almost down to present as you all were talking about earlier today, then up, almost. 1 31 of the most bullish reversals since 2017, that big selloff. S p 500 andbout the perspective on the 50day moving average. Started lasttility winter, we saw the best case for the s p 500 to weave up and down around the 60day moving average. Lots of volatility, however, in the fourth quarter, sharply lower. This does not look like a capitulation bottom, joe, i will toss it back to you. Joe great chart. Thank you ray much am abigail. Still with us, tom lee of Fundstrat Global Advisors and Gina Martin Adams of bloomberg intelligence. Whether it is the september fed decision or the t ....
Manipulator. China has been taking steps to shore up the movement. Stocks in europe flat. They were lower early on. Scene to be stabling. Less of aa little bit move then yesterday. Excellence. En par view ofp, we get the Anthony Scaramucci. We will ask him about markets and the Trump Administration at 5 30 p. M. London time. The new york city, here is viviana hurtado. Viviana the yield on benchmark 10 year treasuries falling earlier to a level not seen since before the 2016 president ial election. Recession signals flashing. The spread between threemonth bills and the 10 year yield has seen the most extreme inversion since the lead up to the 2008 crisis. Donald trump delivering his most forceful condemnation of racism and White Supremacy following the Mass Sh ....