Speculation continues to build that the fed and fastmoving energy pricings are driving the stock market. Anthony all this is playing into the election season. Rob, where do you think the markets are in the economy . We needed to pull back and thats what we are seeing. Its been modest. I think it will continue to be modest. Remember what happened in brexit. There is a tremendous amount of money on the sidelines waiting to be invested. Its been a doubting thomas market the whole way. Intermediate term we are still constructsive on risk assets. You have the backdrop of supportive policy, low inflation and accelerating growth. If you look longer term, the effect few quarters into 2017, we think that macro backdrop continues to accelerate and earnings do well, so we are forecasting a Pretty Healthy risk asset environment after the selloff. Anthony rob, do you see it the same way . We are stock pickers. And we have an overall vision of 5 to 6 to 10 years. We see wall street to main street do
Gains of lows. Overnight in asia, we can look at how those markets responded. Japans nikkei up about 0. 75. The yen has strengthened for several sessions in a row. The shanghai composite giving up three quarters of 1 . European markets are closed for easter monday. The tenyear note yield, watching that for a gauge on growth and inflation. 1. 9 is what were talking about this morning. Crude interestingly, a bit on the rebound, both brent and wti, still up less than 1 . Brent is above the 40 mark. Our road map starts with the last week of the quarter. The dow and s p hugging the flat line for the year. Where will we go from here . Bernie sanders gaining momentum over the weekend and the candidates are descending on wisconsin ahead of the april 5th primary. And microsoft throwing its hat in the ring for yahoo . Well look at potential deals that could take yahoo off the market. We begin with 72 dead and hundreds injured after yesterdays suicide bombing in pakistan. The christians were cele
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Im a better person than the people im running against. That, i can tell you. Death toll in the car bomb attack in turkey now stand at 37. Turkish official say kurdish militants are to blame. More flooding in the south is expected today. Wild scene in los angeles. A police car was stolen. Just slamming in there. The suspect was killed. Richard simmons responding report that alleges he is being held against his will. No, im not kidnapped. All that. This dog show in england. A flurry terrier took home the top title. Schools on the edge of their seats this weekend hoping a bid to the big dance. And all that matters. How exactly he is praying on fears . He has a lot of name calling and has created a very toxic atmosphere. Who cares . Who cares . Who the hell cares about that . The argument over encryption between apple and the fbi reminds us that the world is facing a far more tech savvy terror threat. What i think you ought to do is boycott apple until such time as they give that security
Bloody. A Train Derailment leaves dozensed injured. The train was bound to chicago. He has said to people basically beat up the protesters and beat up the hecklers and ill pay your legal bills. Donald trump is literally inciting violence with his supporters. He is encouraging violence and chaos to get both. You want to know the truth . Im a better person than the people im running against. That, i can tell you. Death toll in the car bomb attack in turkey now stand at 37. Turkish official say kurdish militants are to blame. More flooding in the south is expected today. Wild scene in los angeles. A police car was stolen. Just slamming in there. The suspect was killed. Richard simmons responding report that alleges he is being held against his will. No, im not kidnapped. All that. This dog show in england. A flurry terrier took home the top title. Schools on the edge of their seats this weekend hoping a bid to the big dance. And all that matters. How exactly he is praying on fears . He ha