Year. They see it as an ideal retail combination. Happy new year to you, elon. Speaking of speculation, we had a wanted for the Market Participants saying that speculation will likely cause a correction this year. One comment he made in his surprises for 2018, he said the u. S. Economy lets pull this up, the u. S. Economy has a better you than 2017 with speculation reaching an extreme. All i can do is look at the chart here, g btv 1241 showing closing for nine months straight, that hasnt happened since 1950, it makes you think where we make history again with something unprecedented . You might sound scary but have to wonder how tax reform will play into it, how much has really been priced in, the big russian is this 2018 going to continue giving the sequel that we saw for bull markets that we saw last year as well, given the fact that the returns were quite incredible, it will be really hard to maintain that for the rest of the year. Indeed, it will be very difficult, just really quic
Off the year. Continuing the trends we saw last year. Technology is leading. Andwith a strong 2017 eight emergence for the second straight day and a repeat of the action late last year with the tech outperformance of the dow. Other groups like Energy Outperform today. We have broken through a 100 and clement for the s p 500 increment for the s p 500, the fifth time we have gone through that level in the past year. 2400, 2500, 2600, hitting that in regular intervals as we see stocks hit record highs on a regular basis. Technology is doing well and not just the fang stocks but the established Legacy Tech Companies doing well. Outperformsed to according to analysts, secular members that should enable Share Performance throughout this year while oracle getting an upgrade over morgan stanley, the endless their said the low stock valuation represents a tactical opportunity for oldfashioned Earnings Growth to drive the shares higher. Rallying. Micron another story we watched about the implica
Three billboards cleaning up at the Golden Globes it was the women at hollywood taking the spotlight bringing the me too Movement Center stage. Well have a full wrapup coming up i actually saw three billboards we watched it christmas day. I kind of slept through it not because it wasnt a great movie. I had eaten too much. Food coma. I didnt understand it. Ill see it again. There you go. Lets check in on the Global Markets this morning futures are still a mix. The dow and nasdaq up 0. 7, 0. 8 the s p and dow up 2. 5 . Ten year treasury note, getting the yields right over the course of the week including on friday ending the week 2. 47 where we sit at the moment. It was the short end of the curve that moves higher. We had the two year, 1. 95 on fridays close the highest since 2008 more flattening of the curve last week. As we look at asia, the global rally continues with stocks closing higher. Keep in mind asias earning season kicks off this week with Samsung Electronics and others getti
The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
Lets get to the Global Market picture. Lets look at a start to the year which has been the best start to the s p since 2003. The first nine trading days of the year up 4. 2 on friday the dow was up 0. 9 the other two indices up 0. 7 . Week to date about 1. 5 to 2 of gains. This morning, as you can see, resoundingly positive start in the premarket. Dow up 271 points. The s p up just 14 the nasdaq up 38 very much the dow surging higher this morning tenyear treasury note for you which has been in focus, last week yields rose in lieu of international yields rising at the start of the week, but then gave up some of that gain towards the back half of last week were at 2. 53 we got very close to 2. 6 early part of last week. Look at the mood in asia the nikkei at a fresh 27year high, up 1 in todays trade hang seng closing actually at a record high, 31,904. Stocks there up 1. 8 the shanghai composite up 0. 8 south korea seeing gains of a similar amount the key Economic Data in asia will be chi