Somebody suggested that the last week. Lets start with the markets. Just a remarkable year already but it is hard to believe that the last few sessions, with weve seen with this market is really nothing. It has sort of been sideways. The nasdaq of course has been on a remarkable one but even those gains have not been as large as they were initially before. I want to go to two of my favorites to get an overall assessment for what they think. This is well drip lower and violate key support points or were waiting for the right catalyst, the right spark to send us into the next leg higher. I want to bring in shah balani and che levine. Shah, it is great for the market to go sideways. Were knot accustomed to that this year. I think the reason it is sideways now, charles. The market is taking a breather in here. The trend has been clearly up. All of the days when the market has been up the volume has been great. On down days the volume slept off. That is only positive time. The reversal last
Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
The nasdaq is 1 higher. 715. 80. The yun at crude oil is rallying again after inventories earlier on were a massive surprise. 34 a barrel. Calmern calm her vix vix, below 28th. Lets get a market check with taylor riggs. Onlor a trend going underneath the service is it is the big caps outperforming the small caps. One of the day got performers today outperforming the nasdaq and the russell 2000, the. A lift off in 10 year yields, up to 70 basis points. Hsbc told me yesterday that their target is still around 50 basis points. You still see that 10year range where it has been the last few weeks. I want to show you a chart in my terminal. We have been talking about the rally in European Equity markets after an announcement of their recovery fund. That means it is catching up to the s p 500 on a former pe basis. The s p is about 27 times the european index. Pe up to about 20 times on a basis. I want to take a look at the home index. Forooks like it is losing the first time after a nineday r
From tjx to l brands to bjs as they report sales better than feared. Coming up on todays show, the view from the south. We will speak with atlanta fed president Raphael Bostic about how reopening is going in his district plus, Scott Gottlieb has called Antibody Testing a game changer. We will speak with the head of quedel and we will ask how his companys rapid diagnostic measures are up to the traditional tests we talk so often about. As sarah said, lower 0. 6 but off the sessions low Mike Santelli is tracking a volatile day for the market. Joining us to discuss big money being spent in the race for a vaccine are Chris Meekins from Raymond James and meg terrell as always mike, lets start with you. Yes s p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200day average look at a oneyear chart of the s p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. So it is familiar territory. I dont
Coronavirus. Yeah, thats right for one month ive been making the show from my apartment. And ill be honest, the only reason i havent gone crazy is because i know that were all in this together. And so to try and say thank you for keeping me going, i decided to put together this celebration of all the good times weve shared. Imagine all the people imagine you shut the bleep up when i think about what a month weve had its been hard for everyone and i know well get better as time heals all wounds weve got to do some of the things we wanted to do weve learned about ourselves and weve had fun, too when i think about the month weve had cant believe i did all those crazy things trevor anyway, were still going to be spending a lot more time inside our homes so heres your quarantine tip of the day. If youre homeschooling your kids and you feel stupid for not understanding their math homework, heres a trick make your kids teach your job to you, and youll realize your kids are way dumber than you