Page 3 - Jon Peter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jpmorgan, goldman, the xlf. Financial are just ripping. The pharmaceuticals have done pretty well. All the stuff i hear about small caps are the place to be with tax reform. Right. You keep hearing that. Why not the big guys . Why not i agree with you looking across the desk, most of the people sitting on this desk right now have huge exposure to some of the bigger cap stocks whether its jpmorgan or citi or bank of america, you name it across the board, scott, what are we seeing, the transparency of the fed and in front of the fed so we have a sense of what the fed is most likely to do and the...

Well get them involved in a few moments, but we do begin with the aforementioned jeffrey gunned lach, founder and show of Doubleline Capital thanks for having us. Welcome, judge. Glad to have you here at doubleline. A big day, obviously fed day. New high yet again for the dow surprises today. The fed is going to hike, right . Of course, the fed is going to hike. The real message of 2017 i think is that this is the year that the fed won. You know, 14 short mondays ago the bond Market Pricing said, fed, you wont be able to raise three times in 2017. Actually before the election it was about a on...

Reasonable, but i dont buy it i i cant plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. You and i both respect their work a lot, but i think were going to see apple top 1 trillion long before alibaba does, and then i think it will be another American Company that comes right on their heels you mentioned facebook and microsoft. They are both close, and i think boast those could also beat alibaba. In terms of the numbers mkm makes the argument that the 720 multiple by 720 and heres the kicker, they point out, pete, that alibaba has hauls blow...

Market going and certainly in the near term. In the near term were in a vacuum of news, right . We do get the jpmorgan conference next week so that will be west healthcare and then we have to wait for earnings what ive been doing is ive been looking at companies where fundamentals are still very strong or improving and evaluations are still somewhat attractive the market as a whole is fairly valued a lot of stocks are actually outright expensive so ive been picking very small because i still want cash for earnings and thats still my playbook im picking very small dogs of the dawe strategy. Gol...

Earlier today before turning negative were just off the lows of the day. Rates are in focus the tenyear is pushing past two six. Pete, whats happening we erase a 280point gain the other day. Then we go up more than 300. Then today we find ourselves falling as we speak. A little slipping welcome to the new world of the market welcome to the new world, and you talk about 1,500 points, thats why were seeing the volatility rise the way were seeing it. This is significant. These moves are huge they have volume behind them i was talking about the volumes the other day in the options world. 24 millio...