Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site
Volatility continues to rise. Investors rush to buy up Government Debt. That sends yields higher about i want to tell you again, i cant stress this enough, the economy is stronger than weve seen in years. The fundamentals are rock solid. You have earnings continuing to beat expectations across the board. So i remind he have up with, take a deep breath. Do not panic. Things will get better. If they go a little worse, hey, you have a heck of a buying opportunity. We have all stay lineup to break everything down on wall street. The government pass as brief funding bill to avoid a government shutdown. It leaving a whole lot of republicans pretty unhappy and some democrats about our ballonning national debt. I will speak with the white house director of legislative Affairs Mark Short coming up. First, get down to the nyse. Were in recovery mode, only down 156. Hey, nicole. Trish you hit it on the head. Some things are in flux. Inflation risings, a budget deal, and a market run up 8,000 poin
Jpmorgan chase, berkshire hathaway, with what theyre calling Health Industry salvo to remind them, maybe all of us together can underpin you twice and maybe underprice you twice, all of those guys, including unitedhealth are taking it on the chin. United health is accounting for a third of the roughly 324 point selloff today. Their presence and teaming up has a lot of folks worried. A lot has to do pretty much with Interest Rates as well. A backup picked up considerable steam amid expectations come tomorrow, that the Federal Reserve will make it official yet again to hike Interest Rates. It will be Janet Yellens last meeting. Again these are sort of a representative of marketbased rates that are 2. 72 . The markets get very leery of this sort of development. The backdrop is still very strong markets going into today, the markets are noise. Volatility index, socalled vix as it is known. It is better than 18month high. Highest it has gone in the bull market cycle. High as 20. Were a long
To Top Republican senators raising questions over an email. National security adviser susan rice set herself on President Trumps inauguration day. Details that document president obama and fbi director jim comey over the Russian Election hacking. American phenom core weekend taking the gold flying high in south korea. Highlights from the winter games. Dagen make towel, benchmark managing partner kevin kelly and former trump surrogate erin elmore is here. Good to see you. Good morning, everybody. Dagen good morning. Loving it. This market we only see down two thirds of a percent. This is a lot better than 1. 5 . Time to digest the volatility. Maria what change from yesterday at 4 00 with the marquis at 400point intraday decline at 153. Dagen the Interest Rate story will reign supreme with this budget buster that came out other republicans in congress, the twoyear budget deal with the white house with the president s budget willing to tolerate deficits for years and years to come. A Fede
David 4 1 2 is extraordinarily high or low if you put it that way but put it in perspective. 22 , versus 4 1 2 . It could be a lot worse. Were not in recession. That is another important element in this. We got you covered on after the bell, at this hour, on big market moves, what is driving these markets. What you should do with your money right now. Phil flynn is watching the action from the cme. First lets go straight to Nicole Petallides on the floor of the New York Stock Exchange. Nicole, what are you hearing from traders about tomorrow . Well, tomorrow, right, first of all theyre trying to digest today. I will tell you i spoke with the president of the New York Stock Exchange tom farley, what happened today . Because we dropped nearly 1600 points at one point. We saw exasperated selling in just a few minutes, within ten minutes of selling. His first point, the first point he wanted to make, we saw smooth trading here at the New York Stock Exchange on heavier than normal volume. I