Its pretty weak overall. You look under the hood, theres the picture from the three sectors i mentioned. Financials, theyre lower too as they get ready to kick off earnings season. Citi, jpmorgan, wells fargo, all of that before the bell. Tech, well, it was one of the only decent spots today. Even it has rolled over. We show you the tech xlk etf. The nasdaq performing better lately and still on track for a relatively strong week, can tech alone carry the market higher into the end of the year as it did for the First Six Months of 2023. Lets ask someone who count thes several tech names of top holdings. With us today at post 9, joe terranova, joe a cnbc contributor. Its good to have you both with us. Amy first, were still worried about rates, obviously. Weak auction, cpi, ppi, both a little hotter than expected. How do you see it . Yeah, i think, you know, the market is obviously on its toes. Youve got higher for longer. Thats the bottom message. Youve also got a number of market dynami
Lead the team. No word if it was christies close ties to two former aides and now convicts who shut down the George Washington bridge for political payback that played any role in his decision. Team fox business getting into place to report on the break developments but the markets are watching just as closely as we are on this friday. The nasdaq showing green on the screen since election day, first time weve seen that. On this 11th day of the 11th month, we observe veterans day honoring soldiers, sailors and marines for their sacrifice. And does businesses and you as a manager sift through resumes to fill a job on any given day. Navy veteran and super bowl hero Phil Mcconkey why we should all be hiring veterans . Hard facts about the positivity of hiring veterans. On wall street, the dow looking, doesnt have it for this session but looking for second straight alltime record, weve got our eye on oil too as it dips below 44 a barrel. To the end of a historic trading week, lets start the
Election or the overvaluation of stocks, and they just come in and buy buy buy their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it
Their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the marketet first, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutnal shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysys understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then y
Today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then you shout them from the rooftops. Exhibit a, is an excellent piece from barclays today called be