Than race. The tenyear yield surging to above 2. 8 it spooked stocks all week long. The dow is off 4 from its alltime highs key question cant, is this the beginning of a bigger correction what do you do with your money right now. Guy adami . Kudoings to tim and brian last night who said tomorrow good news is going to be bad news i didnt see it 600 down markets dont end of old age they end on a credits endoof good news. You couldnt have had much better news a couple weeks than apple saying they were going to repatriate all that money. That was great news. A lot of people thought that would be the catalyst to take the market higher. Thats not been the case i dont think you have put in a bottom on a friday i think you see more pain next week the market is down. The vix is down as well. The tuesday after Martin Luther king day, then i would say its all getting it back in the pool. The other side, its probably as good a day as any to put a bottom on a friday put the chips on the table they
The street. Hopes on greece fueling another big up day, not to mention another up day in china overnight. Bob pisani is at the nyse. Right now theyre holding, 21 advancing to declining stocks. The s p 500, really all the gains were frankly overnight around 3 00 when we got word that a deal was in the making. At that time s p futures moved 15 points. We have held most of the gains from the open. Tech Consumer Discretionary materials and industry good day for techs. Facebook set a new high. Buvlg bunch of tech stocks hitting 52 week highs. The greek etf everybody watches was positive and moved into negative territory. Largely the belief that it is going to be a tough sell for tsipras and this deal is a long long way from being done. More on that in a moment. Metals and mining have been strong. This is a separate story because china rallying in the last several doors has put a floor under these stocks. The steel stocks all the mining stocks are up again today. Whats not participating is s
Whats actually moving. What you are looking at is the percentage of New York Stock Exchange stocks closing above their 200 day average, we are pretty low. Stocksonly at 36 of the trading above that technical level. We are around the lows of the year, i should point out. That is a bearish signal or a concerning signal, perhaps, for the rally sustaining itself. Elseet something technical analysts were looking at was the dow transport average. The big transportation related coverage for companies, at its highest in slate june. If you go inside my bloomberg terminal you can see that we are above the posted levels from july and we have to go back to late june to see when the dow transfer was higher. Since june, since the fomc anding, there was only 20 one factor as to why they have been getting a lift. Alix you kind of get a read on the u. S. Economy with that. Scarlet lets take a look at currencies, a big driver for the commodities market, up i 2 10 of 1 . I wanted toalix focus on the braz
Lauren for security and Exchange Commission says his computers hacked and information may have been used for illegal trading. Train to the fcc. Apple has a problem. Apple watch cant connect for calls and text messages. Theyve got a plan. Fbn am starts right now. Lauren 5 01 a. M. In new york. We want to wish you a happy new year. And lauren simonetti. Lauren simonetti. Cheryl good morning, everyone. And cheryl casone. A big groups for this new debut. Lauren the watch is 400 senate hits the the shelves tomorrow. Well see. Hurricane marie of regaining strength as it passes near the dominican republic. Right now a category three storm maximum sustained winds of 115 miles an hour after maria tore through puerto rico in the u. S. Virgin islands yesterday destroyed hundreds of homes, turning streets into rivers and knocking out power across the entire region. Logistically its a big challenge. You dont typically have all the resources you need stored on the island so they have to come from th
The vix go the answer might surprise you. Its time to risk less and make more the action begins right now. Lets get to it because the number of big banks kicking off earnings season next week, jpmorgan, citigroup, bank of america, and wells fargo all set to report. The Options Market is implying some sizable moves for these stocks the numbers are all right there. Take a look. This as the sector hits its highest level in ten years today. How do you play it lets get in the money mike, youre looking at jpmorgan why . First of all, this company is the best of the sector for sure. But the important point is that weve seen volatility has been exceptionally low. Weve seen the market rise up until today, basically in a record stretch it would be very difficult to go into earnings at this stage, after the run these things have had, without trying to mitigate the risk by using options. Theyre not that expensive im going to get to the trade and we can talk about the banks in a second. But im just