With you along with courtney regan. Good to have you with us. Lets get straight to the Global Market action. Lets get trait to where we will start off as we indicate ahead of the official market. The nasdaq applied to open flat and this is after we saw the embassies close slightly higher on friday. All indications are forward looking for that fed hike this coming week andts to the rr sort of where the market is really focussed. That of korts bal psing what we could see with the Political Uncertainty out of europe on a couple of Different Levels and events coming up there. As we could take a look at whats going on with the tenure. We have pulled back from that 2. 6 plus level that we saw on friday. Still, if youre sitting at 2. 657, very interesting to be able to watch this when were expecting 90 plus certainty that were going to see a hike. And they still ended the week higher than they had started but thursday afternoon and friday they came back again after those highs. As you rightly
Are with us. Lets start it off with you. This idea that it is one of the bigger sectors relatively speaking, the s p 500, but its also, remember, one of the fourth worst performing sectors so far. Say a look at the year to date losers. Interesting stories lines start to play out in terms of the particular stocks and themes drieding the trading. Kohls is down 19 and fossil, belts, watches, that sorts of thing, down 21 as well. If you take a look at some of the other stocks that perhaps are on the other side of this, you see the winners. Off price retail, tj max up 5 . Ulta budy up 10 . Lulu lemon is up 17 . The biggest one everyone talks about is one that hasnt gained a lot so far this year only up 5 year to date. Its amazon. Com. But remember, one of last years top performers and courtney, i got to sashgs one of the interesting things about this whole discussion is this idea of these stocks as melissa, i dont know if there is a theme that drives all these together. But retail definitel
Underwriter. Go figure. First, we start off with the fed shocker. Stocks closing off the highs as the Federal Reserve basically said the june rate hike is firmly on the table. Look at the big winners today. Banks, health care, technology, the big losers, bonds, utilities and gold. With june now on the table, are we starting to see the beginning of the next great rotation . What should you do with your portfolio right now . You give up the winning trade for 2016 and cycle into the other one . Obviously pete can speak to the banks. But i thought the soft in the tlt, i understand it, but i think its going to be shortlived. I still think inflationary pressures we had the conversation last night about is june on the table. I said yes. I think tim was sort of with me a little bit. Today clearly puts the fed back into the june mode, right . I think this. I still think the yield curve is going to flatten. Obviously didnt do it today which is why the banks rallied. Everything else sort of makes
Highs today and both Companies Near equal and market cap. Are these tech stocks the ones you need to have in your port follow portfolio right now, guy . Steve has been all over this but given the valuation and run and the stability of earnings, facebook is the name for me. What do you say, dan . If youre picking a would you rather, id say facebook if you didnt have to pick. Both . Listen, i have a lot of fundamental issues with amazon. If you k llook out five years, facebook will be more valuable. I cant tell you what will happen from now and then. Amazon, karen and i were talking this company had a cumulative 500 billion in sales and 5 billion in net income in generally accepted accounting principles. Thats 1 . They have used investors money. Their willingness to invest to take market share and were going to get to that but to me thanks is a bit of a shell game and i dont like it. What facebook is doing is they are front of a secular. They built things other people cant do and the lea
Straight day, we saw a biggerly sale off that was followed by a big recovery as investors grapple. Were asking a simple question on the show tonight. How can you fed proof your portfolio if they raise or dont raise . Guy . That is the question. You have to answer the question, do you think they are raising for the right reasons or raising because they boxed themself sboosinto a corner. I think the latter. I dont think because the economy is getting better. A lot of the data was in a word lousy. Is that is, in fact, the answer you stay low in the bond market. A huge sell off yesterday and didnt perform that well today but i still think what is happening here is the front end of the curve is going higher. The back end is going lower and i think you stay with that. Youre saying regardless of what they actually do, the economy is weak and therefore thats my opinion. Right. Of course. The folks at home have to answer that but thats what i think. Grasso . Was it real or reverse. Xlu came bac