Blown through nasdaq 7,000, were talking about s p 3,000 by the end of the year. Look how much we already moved we got a lot of milestones falling by the wayside lets get to bob pisani with some of the latest on todays action bob . This is quite an unusual week not just in the intensity and how much the s p is up, but the fact that everything seems to be working. Let me show you the winners this week and just the dow so, whatwere the two biggest losers of 2017 it was ge and ibm. Whats the two biggest movers up this week . Ge and ibm okay often get a little reversion to the mean, but two of the biggest movers in the dow last year was boeing and ibm so they had absolutely outstanding years and they, too, are up big. You get my point everything seems to be working this week. Its a little eery. Look at the major sectors today. S p up over 2 for the week. Small caps are pretty well, too. Growth is up, and value is up at the same time. Doing well thats kind of odd and even all the cyclical n
And ive always said this. Its nice to have kids because you need to live to watch them grow up, right i guess time is passing, they cant grow up. Did you have a nice day we did. I i dont know, i thought i had a free rain ein to imbibe. You cant tell what youre doing until its too late. So i have a picture we had a cake when we got home. I was laying on the couch and they took a picture of me because i wouldnt sit up to eat the cake you need those glasses that we had stounounds like a good birth we went in the big city it was fun. Happy belated birthday. Thank you. Folks, lets check out the u. S. Equity futures. The second trading week of the year green arrows dow was up by 577 points gain of 2. 3 nasdaq up by even more 3. 4 just in the first four trading days looks like there are green arrows across the board. Dow futures up comes after big gains up tonight in asia. Nikkei up by. 9. Hang seng up by a quarter of a percent. Shanghai up. Early trading in europe this morning you will see t
From the Hutchins Center somewhere it was canceled he cannot be with us today but he is probably watching on his phone or weighing in on everything i did wrong. But we think the question that the backward looking question our thinking about is how did that policy work . And could be considered conventional policy but one of the questions is given everything that we know that is the right one. Nobody anticipated we would have so many years or no did we think the long one longrun equilibrium the members said they expect to be at 3 that means theres not a lot of room below zero. So when we first conceived of this event may felt this was a discussion that was important because if you Start Talking about this you froze the market so you dont talk about it in public. So we were wrong that fomc members are afraid to talk about it and the number regional on Regional Fed Bank president s including janet yellen herself but it cannot be left to the policymakers are those who make Monetary Policy
Everything i did wrong. But we think the question that the backward looking question our thinking about is how did that policy work . And could be considered conventional policy but one of the questions is given everything that we know that is the right one. Nobody anticipated we would have so many years or no did we think the long one longrun equilibrium the members said they expect to be at 3 that means theres not a lot of room below zero. So when we first conceived of this event may felt this was a discussion that was important because if you Start Talking about this you froze the market so you dont talk about it in public. So we were wrong that fomc members are afraid to talk about it and the number regional on Regional Fed Bank president s including janet yellen herself but it cannot be left to the policymakers are those who make Monetary Policy because it is too important of a decision to have a broader array of people to explain the issues are with the choices are in the pros an
Are needed. Its 2 15. Good afternoon and welcome. Im david wessell, director of the brookings. Thank you for coming and people joining us online. I bring greetings from glen hutchens, the benefactor of the hutchens center, whose chartered plane was canceled so he cant be here today. Hes probably watchology his phone and will undoubtedly be weighing in on everything i did wrong in the first opening segment. When we think that question of rethinking the 2 inflation target is one of the most important questions facing Monetary Policymakers at the moment, you might say that the backwardslooking question we need to think about, which we at hutch. Scenter are thinking about, is how did unconventional policy really work . And should unconventional policy really be considered conventional policy . But we look forward, i think one of the youd have to argue one of the biggest questions now is whether, given everything we know, whether a 2 inflation target framework is the right one for Monetary