Afternoon. Well also see a decent amount of sunshine wednesday morning ahead of another weak system set to pass by late tomorrow which might drop a light rain snow mix tomorrow evening. Once that exits, the rest of the extended forecast looks fairly dry with more sunshine and highs in the 30s and 40s with some 50s expected on saturday see graphics. Wx timer 40 accused michigan mass shooter Jason Brian Dalton is facing 16 charges in saturdays gun rampage. Including six counts of murder, and eight firearms charges. Hes being held without bail. As police comb through evidence in the horrific series of attacks. Reid binion reports. Into saturdays shooting rampage in michigan. jeffrey getting kalam azoo county prosecutor one of the pieces of evidence that was seized from the suspect was his phone, and that phone is being gone through. Other key evidence the handgun police say they found on suspect Jason Brian Dalton. The pistol consistent with shell casings from all three crime scenes. Perh
We had a dip in the major averages, but they have since come back. The s p has in leading gains. The dow and nasdaq and that, each up by about. 5 . We have a lot of anticipation for tomorrow when we will hear from the ecb. At the bull market and go back in time. March 9 2009 as the date it was born in weve seen almost 200 appreciation in the s p 500 with some hiccups to be sure as of late. What is notable about the bull call it theople most hated bull market, it is also a long bull market compared with past once. This shows the s p 500 and here is the bull market. Here are the fund flows. 2012, we beginning of have seen outflows at a time when talks have been climbing, so theres a disbelief all the way along that the bull market would continue and yet somehow it has. Scarlet the most hated bull market. Thats the most appropriate title. Lets talk about commodities because we got a fairly bullish inventory report. Julie on the face it didnt look alleged a week over week, it dropped becau
9, 2009. Alix i have no idea. Florida on a beach on vacation. I remember watching tv. Scarlet eight of 10 groups finished higher with Energy Leading the advance. The laggard was telecom. A quiet day, kind of like yesterday. At one point, we were higher and we eked out a decent gain. Chesapeake was the best performer in the s p. Chesapeake is weighing the sale of some of its assets. Its where a lot of people are going for undiscovered shale, selling assets to pay for debt. It is a positive for the stock. Joe something i have had my eye on is that wild japanese market. A yield on a 20 year bond jumping up its off a really low level. It shows how wild the market has become. Is it supposed to be that volatile . Scarlet speaking of low borrowing costs a surprise out of new zealand the key we getting crushed after the new zealand bank unexpectedly cut Interest Rates. The reason is it was concerned by a drop in expectations. Speaking of commonwealth countries, the loonie climbed to a sevenmon
Nasdaq, it has been a commodity that rally and that is still the case but outside of commodity related stocks we are not seeing the gains he saw earlier in the session. Up considerably, 1. 9 , off their highs of the session, up 2. 25 at one point, industrials and financials up but everything falling back from where it was earlier in the session. More red on the wheel, health care and Consumer Discretionary stocks are down. Oil is coming down off its highs of the day though still up considerably, 6 off a little bit from the highs this session. That is contributing to some extent to becoming off of the highs for overall in stocks. Likely not the whole story. The yen getting relief off the huge rally. Julie a little relief that changing. Point , the yen came came down to unchanged and now it is very little changed, the fiveday rally we had seen in the yen the bounceback is dissipating to some extent for the u. S. Dollar. Gold prices, it has been having a big week. It is positive on the da
Big implications for stocks and first the markets. Stocks snapping a fiveday winning streak ending at lows of the session. The s p 500 closing below 2,000. Oil was weak sending Energy Stocks lower by 4 and financials pulled back also to the teen of 11. 5 . So with cracks starting to show in the month long rally that weve seen, which half stocks or sectors could be the first now to burn out . Pete, what do you say . You know, im looking at the Energy Sector and specifically when i look in that sector im looking at will drillers and the problem with the drillers is they were so shorted and so hammered that they have added an absolutely incredible runup. Oil has made this move 26 to call it 37 and now all of a sudden you get a bit of a pull back and look at some of those names. They pulled back right along with it. Im not so sure that those names really have flipped around in terms of has the Company Really has much changed about everything with the drillers over the last week or two . I