Good thursday morning. Thanks for joining us on squawk alley. Jon fortt, david faber with me at post 9. Carl quintanilla has the day off. We are still within the reach of dow 20,000, although it seems we are gate geting a little further away than we were at the beginning of the week. Blue chip index hovering. A big story in the runup so where we are now has been financials. The sector on a tear since the election and could help us push past dow 20,000 if and when the momentum comes back to the market. Lets bring in jim mcdonald, chief investment strategist at Northern Trust Asset Management and marty, bank and equity strategie strategies. Marty, if you had thought this would be the headline on january 1st of this year, i mean, so many people didnt see this coming for the banks because they had been repressed for so long. But the question now is what is fair value for this group . Well, you need to put in context how you started the year, which was, you know, the downturn of energy, loo
For wednesday may 25th. Good evening. Im tyler mathisen. Welcome everybody. Two Straight Days of gains on wall street, a rise in oil prices, optimism over the economy and positive news out of greece held fuel the rise and some investment pros say that higher Interest Rates may not spell trouble for the economy or stocks after all. With that the Dow Jones Industrial average climbed to 17,851. The nasdaq added 33 and the s p 50 0 was up 14. Reporter many of the market risks havent changed but the Market Perceptions of how risky they are may have so weve put a lot of hot button topics on our thermometer here. Well start with markets that traders are valuing high right now. The summer Interest Rate hike and also watching whats happens with the uk leaving of the European Union and also perhaps a rolling of the markets around that and whats happening with the u. S. Elections coming up this fall. China was a huge topic last year and into this year early and it still remains a big topic but ma
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th
For wednesday may 25th. Good evening. Im tyler mathisen. Welcome everybody. Two Straight Days of gains on wall street, a rise in oil prices, optimism over the economy and positive news out of greece held fuel the rise and some investment pros say that higher Interest Rates may not spell trouble for the economy or stocks after all. With that the Dow Jones Industrial average climbed to 17,851. The nasdaq added 33 and the s p 50 0 was up 14. Reporter many of the market risks havent changed but the Market Perceptions of how risky they are may have so weve put a lot of hot button topics on our thermometer here. Well start with markets that traders are valuing high right now. The summer Interest Rate hike and also watching whats happens with the uk leaving of the European Union and also perhaps a rolling of the markets around that and whats happening with the u. S. Elections coming up this fall. China was a huge topic last year and into this year early and it still remains a big topic but ma
Will head to the polls next week to decide whether the United Kingdom should exit the european union. The markets have largely shrugged off that threat but that is starting to change. Over the past few days volatility has risen and stocks have come under pressure as poll after poll show grow support for the leave campaign. And that is why stocks were lower again today. The Dow Jones Industrial average average fell 57 points to 17,674. The nasdaq down almost 5. The s p 500 was off 3. As investors flee stocks, money is pouring into relatively safe investments. So much so that the yield on germanys 10year Government Debt fell into negative territory. The yield on the 10year u. S. Treasury hit levels not seen since 2012. Lets turn to our two guests who have opposing views on how the u. S. Economy will be impacted should the United Kingdom exit the european union. Paul christopher is head of Global Market strategists at Wells Fargo Investment Institute and he says it will be negative for th