Plus Consumer Confidence slips but less so and bill dudley says the fed shouldnt enable the disastrous path of trade war es ka ligs and should attempt to influence the election not cutting rates further. We have it all coming up in hour joining us for the hour is steve grasso here at post nine good to see you. Good to see you. A wobbly session today in terms of the market. Up on the dow. That didnt hold but we are also kind of oscillating off the lows here still within this monthlong range. I think its about yields german yields, negative yields around the world probably heading even lower from there and taking the equity markets with it. Thats it from the 50,000 foot up and now trade headline, dudley today writing today and trump tweeting dudley in any other news day i think dudley should have been the focus from start to finish but when you have rates and when you have headlines on trade that kind of gets lost in the shuffle and been covering it quite well but that to me is something
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Contrast with their house of representatives counterparts nunes and schiff. First hearing set for tomorrow. They are on their way. This is President Trump focuses on health care and says lets have a doover. He is promising he and congress can come up with a deal that satisfies all republicans and yes, youre hearing me right, he includes democrats in that as well. And top gun hhs secretary tom price bringing the case for reform back to capitol hill but is Congress Ready to play nice on the president S Health Care and tax reform agenda . Fair and balanced. Ohio republican congressman and california congressman John Garamendi, the gentlemen battling it live. Can President Trump bring peace to the middle east in the controversial u. S. Ambassador to israel will be sworn in two hours from now. This as thousands gathered at United Nations today where i had the honor of emceeing a summit aimed at defeating the Global Movement to economically and politically boycott and isolate isel. Wait unti