Brent at a threemonth high, gold at 15. 12. The year end rally, the s p biggest yearly return in seven and nearing its best gains in more than 20 years. Plus ecommerce sales hitting a record, amazon saying billions of items ordered world wide. Boeing still on watch, new documents revealing whats being called quote very disturbing revelations. As 2019 heads into the home stretch, all three major indies says are on track for a fourth straight month of gains. They have surged as last months selloff we remember december 26 when everything rallied 5 . We were bottoming that horrible Christmas Eve when we had first concerns about a tariff war increasing. Then we had the Federal Reserve raising rates on the 19th. That created a cascade, four down days in a row culminating in the down day on the 27th, on the 24th and turn around today. Meanwhile, the year, if you look at the percentage of up days, almost 54 , which is i think only the folks said only five years since 1928 have you had a more c
Measure a lot of people look to to get a gauge of consumer spending. 172. 3. Ll to 166. 9 from we can get a quick check of what is happening in the u. S. Equity after coming off of the 24th record high for the s p 500 for the year. If youre looking for leadership in this market, youre not really going to find it. Consumer discretionary getting a little bit of a bop, but most of the strength is in real estate. Also seeing that play out in some of the havens. You see the tlt here. More buying there. Across the treasury curve, seeing a bit of steepening, but because buying is across the front end of the curve. Gold, interesting. A lot of bearish calls out on gold, failing to hold that 1500 level. You see it breaking below that. A lot of data out of china showing that imports not quite holding up. Interesting story on the brazilian rial, bouncing around all day. It hit a record low earlier in the day. Comments from president bolsonaro on whether they would support the rial. They have not r
Points after a rally that saw all of the major averages up do you up by 227 points. S p up by 21 nasdaq up about a percent at 85 points a lot of people muling through and looking at some deescalation it still continued but let up a little bit trade looks like a sidelined issue or better. Much much lower but rising that made people feel like they didnt have enough exposure. The dow is up around 2,000. Russell 2000 is up first it is a catch up and then lets see how far we can stretch it overnight, with the headlines of the latest concessions, the s p futures shot up. We are up six or so percent. If we wanted to, we couldnt make new lows or deals it is fairly far away. You are in this zone. You have a cushion below you see the 10year 1. 726 it is good. It is good it is good always a good side, bad side of things. In asia, we did see the president tweeting about postponing tariffs sang high composite ended up in europe, if you look at what is happening there, right now, markets have barely
Shape as i keep saying, then how the heck can i keep calling for a rate cut i dont need a rate cut. On a day when the dow gained 50 points, the nasdaq dipped 3. 6 , i think this is an important question especially given the feds yearly jackson hole con fab getting Coverage Today and tomorrow on our network. As the consumer well, lets just say, what do we know about the consumer consumer shops at watch, which is my acronym for walmart, amazon, target, costco, and home depot. What do we know about the consumer at these stores doing quite well we know the Unemployment Rate is at its lowest level in 40 years, so why in the world is President Trump trying to hector the fed into cutting interest and why do i believe in the president because its not that simple, people as i explained last night, weve got two economic world views colliding here you look at the big retailers and it seems like business is booming. You look at whats happening in the rest of the world in the bond market it looks l
Complete report. And macys Ceo Terry Lundgren will join us at 7 00. And jerry storch will also join us live. Stocksindicating opening higher. Ri the dow would open higher by 52, the nasdaq, 3 1 2, and the s p 1 1. 63. In asia, hang seng, higher bay half percent. European equities have been relatively flat. Right now all are lower. The italian market, theres a big referendum being held on sunday, november 4 t december 4. The economist endorsed a no vote to telling italians when they go to the polls to vote no. The underlying issue is this doesnt speak to the core issues that the italian people face. If they vote no, what happens here . How does this spin out . Everybody thinks its gloom and doom. I dont think people believe that anymore in the wake of brachial plexus and the election. So you tell me what youre thinking, ill think the opposite. The elite think it will be horrific, the polls say no. Which makes me think yes. Thats way too confusing. If they vote no, there will be a genera