You want to know whats really weighing on stocks . Check out this chart. Of oil. Posting its worst week since january. This as the commodity has fallen more than 15 from its high last month. So, how much worse can it get . And is this a guying buying opportunity. Lets get in the money right now and turn it over to you. Its interesting, because all of the things that basically propelled crude higher sort of turned table over the course of the last couple weeks. The first question, can opec actually get it together . Come to some form of an agreement. Now, the agreement they came to essentially which is only going to cut production nominally 700,000 to 1 Million Barrels a day, actually wasnt that big. But then it turns out it looks like theyre all sitting there trying to produce as much as they can. Then saudi arabia comes out and says, gee, maybe were going to go in the other direction. And at the same time, we saw the rig count tick up, which i think is also interesting. And people bei
Its setting up for a perfect trade. Lets get to it because stocks posted their worst day in three weeks. Should investors brace themselves for a summer swoon. Lets get in the money right now. Mike, what do you think . Summer is not typically a great place to invest anyway. They say sell in may. Historically, that has held to be true. Theyve done a lot of research on this. You add to the fact that were sitting very close to alltime highs and we obviously have plenty of Global Economic risks to concern ourselves with. We have the brexit vote, concern about the fed and bond voices telling us were in no growth forever. You put all of that together and you have to say there is nor potential for the down side than the up side. How are we setting up for the charts . As an asset class, the equities, median stock in the russell 3,000, 98 of the investment capitol in the united states, has made no progress in two years. On the january lows youre talking about half of the russell 3,000 had lost 1
Lets get right to it because the financials just posted their best day since november 30th, 2011. Lets get in the money and find out. Dan, what do you say . I dont think so. I think it was a very healthy rally today. There was two pieces of news that caused it. We started out the morning with Deutsche Bank saying that theyre going to buy back bonds that have been something that people have been a bit worried about, about their Capital Position and their ability to pay interest on those bonds. And in the last 24 hours, we had jamie dimon buying 500,000 shares of jpmorgan stock. Weve had this massive rally with horrible sentiment. And to me i think it sets up for a good fade. They remind me of the sort of news we used to get back in 2008 from Financial Institutions when things were a bit hairy. Im not saying that any of these are similar situations. Sure. But the only problem i have is that these european banks even after todays rally, are still well below the financial crisis lows that
The action begins right now. Lets get right to it because stocks are at twomonth high and the vix at a yeartodate low and high yield is surging. Take a look at the hyg, up nearly 8 from its recent low as the highyield market has seen recordbreaking inflows this week. Do you buy into the rall . Lets get into the money right now. Mike, what do you think . Decided not to start it off with the big bear on the desk this time. Motive. The entire reason that we had all the volatility in the markets since the beginning of the year has really been the high yield market, and this is a really good place to look if you think that the cracks are emerging underneath equities. The credit guys tend to see those first and, of course, theres a lot of things to see and obviously a lot of bankruptcies in the energy space and a lot of reason to be concerned and i do like high yield here andim not bearish of equities. You do. I feel like this is a monumental moment. Look, the reason ive not been that bearis
Why some traders are betting big bucks the space could continue to take off in a special report. The action begins right now. Lets get right to it because stocks are at twomonth high and the vix at a yeartodate low and high yield is surging. Take a look at the hyg, up nearly 8 from its recent low as the highyield market has seen recordbreaking inflows this week. Do you buy into this rally . Lets get into the money right now. Mike, what do you think . Decided not to start it off with the big bear on the desk this time. Motive. The entire reason that we had all the volatility in the markets since the beginning of the year has really been the high yield market, and this is a really good place to look if you think that the cracks are emerging underneath equities. The credit guys tend to see those first and, of course, theres a lot of things to see and obviously a lot of bankruptcies in the energy space and a lot of reason to be concerned and i do like high yield here and im not bearish of