Hard selloff is this advance meaningless as the recent decline look, i want to say it had more substance given its magnitude, the dow gaining 196 points nasdaq vaulting 1. 36 . But we are in a totally erratic moment in a totally erratic month where i believe one day never seems to beget the next. But that doesnt mean we cant ponder why we went up to measure the meaning of this rally. I came up with 12 reasons why it happened, and some of these reasons have enough staying power to keep the advance alive. Lets start with copper. Thats right copper is breaking out to a threeyear high. This means something because its used to build things. It means weve got a stronger Global Economic growth spurt than people are talking about. A necessary ingredient for any sustained advance. Thats why the stock of free port has been the Market Leader. Largest Copper Company we have caterpillar is right behind them you need cat machine it is youre going to have a mineral rally. This move is also including
The idea of privatizing the va. The challenges facing that idea. And on second thought. The growing concern on using email, on nightly Business Report for thursday, december 29th. And good evening, everyone, im Contessa Brewer in for sue herera. And this is im Bill Griffeth in for tyler mathisen. History is made, were finally anchoring together. Its about time, theyve kept us apart all these years. I agree. After the Federal Reserve raised Interest Rates a few weeks ago, there was no reason to believe that anything would change in that regard. Now according to mortgage buyer freddie mac, a 30year fixed Rate Mortgage has ticked up to 4. 32 , the highest level since april of 2014. And considering that the archfor all of 2016 for the 30year was 3. 66 , that was the lowest since freddie mac began keeping records 45 years ago. Thats quite a spike in just two short months. If youre thinking of buying and youre nervous about high rates, diana olick tells us tonight that there is a way to get
The idea of privatizing the va. The challenges facing that idea. And on second thought. The growing concern on using email, on nightly Business Report for thursday, december 29th. And good evening, everyone, im Contessa Brewer in for sue herera. And this is im Bill Griffeth in for tyler mathisen. History is made, were finally anchoring together. Its about time, theyve kept us apart all these years. I agree. After the Federal Reserve raised Interest Rates a few weeks ago, there was no reason to believe that anything would change in that regard. Now according to mortgage buyer freddie mac, a 30year fixed Rate Mortgage has ticked up to 4. 32 , the highest level since april of 2014. And considering that the archfor all of 2016 for the 30year was 3. 66 , that was the lowest since freddie mac began keeping records 45 years ago. Thats quite a spike in just two short months. If youre thinking of buying and youre nervous about high rates, diana olick tells us tonight that there is a way to get
The trump rally, stock futures pointing to a slightly lower open after the dow extended that win streak to 11, but are markets in bubble territory . Of course buffett ways in. And obamacare in the spotlight. President trump is set to discuss how to replace the law during a busy morning of meetings with the nations governors and Health Insurance executives. And former ebay ceo taking up a new job this time in the cloud. Hell join us live. Futures mostly flat though with the dow coming off an 11day win streak for the First Time Since 92. Speaking this morning with squawk box in that threehour special, Berkshire Hathaways buffett weighs in on the price of stocks and if in fact were in a bubble. Measured against Interest Rates stocks actually are on the cheap side compared to historic valuations. But the risk always is that Interest Rates go up a lot and that brings stocks down. But i would say this, if a tenyear stays at 2. 30 and would stay there for ten years, you wouldnt regret very mu
Ring the register 24 hours ago, all i kept hearing was sell the news. The trump rally is tired. The guys too divisive. Hell never get anything done. Time to take profits. Oh, you heard it too. The bulls long in the tooth. The rotations are over. A lot of really smart guys said its time to get out. Buy the puts. Put on the shorts. Sell, sell, sell. Well, they shouldnt look all that smart today. Dow surging 303 points. S p pole vaulting 1. 37 . Nasdaq soaring 1. 35 . Hallelujah this is why i always say that group think is so dangerous. Many revered Money Managers came out in the last two months and said were doomed in part because they disdain trumps bust the budget ill informed analysis of what happens next. Thats how they put it. In fact, it got so bad that even the great Warren Buffett was taken to task for saying this markets not in a bubble. If you think its over, youre simply on the wrong side of history. Someone actually told me that buffett has become that old gas bag polyanna fr