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On cnbc. Im wilfred frost alongside seema moody. Great to see you. A continuation of how we ended last week. By that i mean buying off stocks and the dollar higher. We had a weekend to pause and consider whether that is the right move and markets seem to think it is. They are continuing in that direction, albeit more muted than the huge moves immediately after Donald Trumps election victory. We are higher just shy of 100 points on the dow, 94 to be precise. The s p by 8. The nasdaq by 14. Huge moves last week to the tune of 5 to 6 as a whole. But it is worth pointing out there was differentiation within it. This was not just a move that growth will be higher in all sectors and they will all benefit. It was based on the fact that yields moved higher and with that the sector rotation was clear. Financials are up a huge 11 for the week. But utilities were down. Well have a look at the tenyear note. We are 2. 28, sorry, 2. 22 moving hi ....
Were decoupling 2. 27 . 30year at 3 . Fiveyear at 2. 6. And i go through all of those to highlight the yield is steepening and continues to do so. Global yields, this is getting interesting. Italian tenyear, 2. 21 . Its moved 18 basis points in a day. You see the biggest weekly rise, oneweek rise for the italian, german and french tenyear yield, we have seen it happen the highest in years. How long . 30 years. But all the strategists said probably five years four or five years ago we were wait iin. Here we are. What was happening the entire time that rates were not going up . We were sub2 . We were stuck in the muck, basically. The greatest thing, i mean, to see the stock market hitting new highs while rates are surging, if youre at zero on rates and sooner or later you have to normalize, if rising rates are going to move into financial assets, you have a problem with stocks going down. Unless you decouple. Rates are going up for good reason, then the stocks go up at the same time. You ....
2016. Our road map begins with a trump rally set to continue. News of white house appointments, his 60 minutes interview, takeaway for business and markets. Plus, we have a big deal in technology. Samsung is buying harmon for 8 billion in cash. It makes the south korean giant a major player in the connected car. And apple caught up in some geopolitical rhetoric. China said to warn the United States about a potential trade war. And why that would affect iphone prices. But first, the election in effect, the focus, dow poised to open higher as it continues its march towards 19k after coming off the best week since 2011 gaining more than 5 . Bond yields continue to jump as the prospects of Infrastructure Spending during a Trump Presidency increase Inflatio ....