Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways its spewing cash and he made it pretty clear that this is the healthiest boeings ever been. So he wants to reward you, the shareholder. Sure enough today, boeing boosted it
Out. A little bit of brinksmanship, or brinkmanship, i should say, as joe corrected me. Less is more there are a couple more brinks, a couple senators youve got to wonder about. Okay, then. What happens with Susan Collins, what happens with lee from utah, who said hes undecided lee who mike lee . Oh, mike lee. Who wanted got two first names its confusing i dont trust people with two first names. Do you yes, generally. You do . Yeah. I think its confusing. Well youve got three, youre fine. Ive got three, three names some people say andrew ross, two first names, even though no, im talking about when your last name is a first name. Chris christie . Theres a lot of them, bill george, ted david. I just made that one up. I dont really think there is a person by that name. All right, lets look at what else has been happening in the markets. The tenyear note, one weve been paying attention to, too. Earlier this week you saw the tenyear pushing above 2. 4 , but now were back below 2. 36 . A cou
Some 20 today. Has the bubble burst . All right, we are less than half an hour from the european open. Lets look at where futures are pointing. The direction is down and the. 5 . Stoxx 50s are down the continent looks to take it worse than the u. K. That is not the exciting picture i want to tell you this morning. Take a look at a threeday chart of bitcoin i have in the terminal. Unbelievable drops. Right now, trading at 12,508, a drop of almost 19 . This is the biggest percentage drop we have seen single day in all of 2017. Looks like people are cashing out of their bitcoin in order to afford the toys. They are really selling it off. Now, the currency is only up 1200 year to date. What is someone long bitcoin to do . Mark 19. 5 thousand on monday. Look at the decline. Other cryptocurrencies . That is the question we will be asking. As you can see, equity indices see china down about one third of 1 . 1 . Nikkei up about 1 5 of the biggest weekly gain for the japanese benchmark since no
Left in dc. It doesnt matter tax cuts will take care of it. So far there is no sign of responsibility inside the beltway. They remain side lewdly above 25,000. Wall street legend with exclusive look into his beginning of the year crystal ball. If got to see what he says. It may have been set off. Look at the residue. So fresh. It will be a dangerous and deadly situation for the weekend. Boston watch out. We will take you live there. The bit coin rival that will bring 30000 but ripples x rp. Is dropping as we speak. Less than an hour to the closing bell. Lets start the countdown breaking news this may enrage some of you. On the case that blew up the immigration debate in the country jose who was acquitted for felony gun possession. He will face parole but it looks like he does not had to spend much more if any time in prison. We will get you more on this as details become available. We can queue up the confetti and fireworks. They are looking at the best start to the year they are both
Earlier today before turning negative were just off the lows of the day. Rates are in focus the tenyear is pushing past two six. Pete, whats happening we erase a 280point gain the other day. Then we go up more than 300. Then today we find ourselves falling as we speak. A little slipping welcome to the new world of the market welcome to the new world, and you talk about 1,500 points, thats why were seeing the volatility rise the way were seeing it. This is significant. These moves are huge they have volume behind them i was talking about the volumes the other day in the options world. 24 million, 37 million contracts over the last three sessions so volatility is here, scott i wouldnt be surprised if we start to see a new range for volatility everybody has been expecting it. But we get these kind of moves, and we still have plenty of different political reasons for the stock market to move, along with where i know, steve, in a note earlier today, was talking about what hes seen in the te