The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in washington. On the feds roof. And i want to spend a minute because certainly someone just tuned in and said why are people spending all this time on the wort patient and why does it matter . And the reason why it matters so much is it gives the fed flexibility to hike Interest Rates. That word meant they would not hike Interest Rates for two meetings. It comes out as expected and gives them flexibility and begins a debate that has to do with valuing stocks and bonds over how quickly the hike rates
Undervalue whole groups of stocks in anticipation of good earnings or great news . And thats what ive been pondering all day. A day where the dow roared 228 points. The s p 500 fell to 1. 35 and nasdaq jumped 1. 19 . Now i know that if the dollar had been very strong against the euro and other currencies, plenty of situations bullish today would have gone sour and probably will tomorrow. We only have two up days in a row of the dollar since middle of december. Thats right. The dollar is going up almost impossibly almost every single day and the euro has been strong two days in a row once. So i think this could be a lucky gift. But ive got to tell you. Forget about currency for a second. This failure to analyze positive moves ahead of the action has become endemic. Its astonishing to me given for my almost entire stock trading life, the market has accurately discounted good news beforehand. Not afterwards. And all thats been doing lately is doing it afterwards. Market professionals are
Year. And it has pressured stocks heavily at tim. The rising dollar can sap the profits of Big Companies that export or do a lot of business outside the u. S. Yet the strength of todays rally was a bit of a head scratcher. It really wasnt that much news to drive s the dow was up 228 points to close 17,977. The s p 500 went along adding 27. The rally caught some by surprise considering theres a meeting of the Federal Reserve this week. Usually investors go into a Holding Pattern until after the meeting. But, oh well not today. Anyway the big theme this week when dealing with Interest Rates, will the fed continue to be patient. Reporter leading market analyists, economists and fed watchers say when it comes to the Federal Reserve, patience may no longer be a virtue. Fed watchers anticipate a new watch word on the road to Monetary Policy changes in months. When janet yellen and her Monetary Policy makers wrap up their twoday meeting this week they will use new language for a possible hike
Year. And it has pressured stocks heavily at tim. The rising dollar can sap the profits of Big Companies that export or do a lot of business outside the u. S. Yet the strength of todays rally was a bit of a head scratcher. It really wasnt that much news to drive s the dow was up 228 points to close 17,977. The s p 500 went along adding 27. The rally caught some by surprise considering theres a meeting of the Federal Reserve this week. Usually investors go into a Holding Pattern until after the meeting. But, oh well not today. Anyway the big theme this week when dealing with Interest Rates, will the fed continue to be patient. Reporter leading market analyists, economists and fed watchers say when it comes to the Federal Reserve, patience may no longer be a virtue. Fed watchers anticipate a new watch word on the road to Monetary Policy changes in months. When janet yellen and her Monetary Policy makers wrap up their twoday meeting this week they will use new language for a possible hike
So different from the pattern ago. It says aggressive discounts won over cust mers reporting a but so engrained in the company and has been very involved with quarterly loss and the stock moving on all of these numbers. The marketing part of the turnaround. Fourth quarter in a row of seven in other words the positioning. Hes kind of an old hand, a figure gains which is mind young guy. I know they were talking earlier blowing. You got to read the release. On squawk theres never been a called the uncarrier and talking about average revenue was not procession where there was a great ceo and followed by a down, it was people looking for 49. 8. Great ceo at ford. 50 million customers they have i like fields. Well talk to bill ford at and added more new customers than the rest of the industry 11, hear from mulally at 11 30, combined. Its amazing. There was an expectation when phil lebeau is on assignment in West Hartford tweeting not just massa son from soft bank took over they would be the