The selling is fairly steep. A selloff that is not only steep but broad. , everythingthe imap is in the red. Energy is declining the most, not surprising with whats happening in oil prices. Financials, discretionary also participating. I want to point out one stock, chesapeake energy. Reports that the company will be one tranche of its debt. There has been a lot of concern over the oil and gas producer. The stock has been halted several times this morning. I believe it is currently halted once again. This is what happens when you see big movement in a stock. It looks like that is happening with chesapeake as it declines. Lets get to oil prices as well. 30. 08 a barrel, as there is still the same concern as in the markets as far as the demand equation. Interest inat open crude futures, on the long and looking atso we are short contracts in yellow come along contracts in white. Added together, you have the largest amount of open interest on these futures going back to 2006, when they sta
Saw the highs of the day, off was as the afternoon progressed. The biggesty we had jump, 2. 8 . Is, will bequestion european stocks rise after the fed raises rates . We look at things going back to 1987 and what we discovered is that yes, in the 23 weeks after stopped ke it hike, stocks fell. It 23 months, a begin to rise. We had inflation up in the eurozone. This is big. Newer Area Companies are hiring at the fastest pace in four years, that tells us that the economy will gather momentum. We are just awaiting the fed. Betty all right, as you had mentioned, the job state in the u. K. , tell us more about that . Mark went interesting about todays wage data is that it is a twopronged fork. On one side you have the Unemployment Rate falling to the lowest it eight years, you have employment at a record, but it is not putting pressure on wages. Average wages, excluding bonuses in the three months before october rose. Economists were expecting a rise of 2. 3 . That leads to the assumption vi
A Meridian incumbent senator will likely retain his seat in the District 21 Republican race against a challenger who said he’s not conservative enough.
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