Typically have over the past several months after the north Korea Foreign minister says that President Trumps comments over the weekends have amounted to a declaration of war. The dow and the s p have recovered to some degree, although they are still down one third of 1 . We are seeing a selloff in Technology Stocks today. Microsoft,etflix, all taking a steep hit today. Its an interesting disconnect we are seeing here. Atr a doll by heimer over oppenheimer, tough me about how this has been doing better. This looks postelection, we have seen this rally in the smallcap relative to the large cap. Getting done as the domestically Oriented Companies are seeing it potentially benefiting from that. Will continue to watch that trend as we get more details. Tenor seeing a risk off in the wake of those north korea comments. The yield reversing some recent games now. Recent gains now. It has been accelerating throughout the day. Still at historically suppressed levels. Oil is continuing its rally
Is a december hike a done deal or is the market right that he would be a policy mistake . Riding the rails to a european merger. Siemens agreed to merge their business, is this another airbus mess . Matt we will find out given the test of time whether it succeeds or not. We are less than half an hour away from the cache open, a lot less time between now and then. Looking at gains in futures across the board, this after a couple of days of losses at least for the ftse. The cac and the dax eight at again but they were unchanged. The ftse has been down for two days in a row. Take a look at the bund trade, i have three days of the bund trade here. After the big drop we sought monday and a day after the german election results, we have stakes a little bit of a recovery although it should be tight range and barely budging. Up to basis points this morning, 242. Guide the pound under pressure for a number of reasons, the most obvious one is that comments we saw from donald tusk indicating it i
But for the most part it has been an unabated rally to new record highs which jimle cramer said earlier today is making him a little nervous im a little more a little less constructive than most people the last part of this rally has been on an absence of news when all they arereally hoping for fed rate hike and maybe a tax cut. Every day i start the show with like heres what im worried about because nobody seems is as worried as i am im worried well, because, josh, the market just continues to go up it almost doesnt matter what the news is to jims point stocks creep high. Yesterday is a perfect example were up 40 points and then you look up five minutes later youre up is hundred points and finish up, you know, even better that be that. Its a bull market. Its what bull markets do. Look, in the spring of 2013 the s p surpassed its previous high. Were in year four i dont understand what the problem is we eve had corrections along the way. The russell down 30 in 2016, and weve had cyclica
Over the weekend, a Saudi Exchange just closed. It ended flat on the day. It was down earlier, but an unbelievable comeback. 95 isldings owned. That is down by 5 . Getting ang brent boost on that saudi news. Dollaryen flat on the day. David for headlines outside the Business World we turn to emma chandra. Emma Authorities Say a man walked into a church and opened fire with an Assault Rifle. 26 people were killed and 20 wounded. The suspect was found dead inside his vehicle. One official said he did not appear to be linked to any terrorist groups. President trump and Prime Minister shinzo abe are talking tough on north korea. Abe said he would impose additional sanctions. President trump warned that what he called the era of strategic patients with north korea is over. Broadcom news proposing to buy qualcomm for 70 a share in cash. The 100 billion deal, the question is what kind of fight will qualcomm put up. They are up 3 and broadcom up. 5 . The question is what do broadcom, qualcomm,
The good times last for investors . Our first guest today says 2018 will be more challenging jim paulson is chief investment strategist live with us today from minneapolis welcome back. Thanks for having me, scott. I thought things were about to get really good whats the problem well, they could be i i just think theres some challenges that are starting to show up. I dont see a bear market next year but i think well take a pause and could have a correction here. You know, the biggest thing that bothers me is positive economic surprises to me have been a big part of the rally in the last couple of years. The problem today is the economy may do just as well next year, but will no longer surprise anyone because everyone is caught up. Everyone knows theres a synchronized Global Recovery going on the u. S. Is doing well, so even if it continues to do that, it wont have the same positive impact in the market in addition to that, you know, the feds tightening and the cumulative impact of that