S p 500 down four out of the last five days following the last week weekly decline for the s p 500, the first time it happened in nine weeks. , we are seeingne it in stocks. In a small way. Uncertainty around tax reform and a massive move higher with some investors wondering whether valuation is justified. It has been a long time since a bigger pullback for the s p 500. This is 2622. The bars represent the degree of the move either up or down with the yellow line is one person up and one person down. In the 51st day without a greater than half a percent move down. Earlier, the s p 500 at the lows had been down a 10th of 1 but similar to yesterday, some of intraday volatility usually does lead to closing volatility. A good chart in the bloomberg that suggests we will see some more closing volatility for the major averages. , as is 8927, a highyield default swap index. That is insurance against the possibility that high yields issuances could default. It is used by sophisticated investor
Weekly inventory numbers coming out in 30 minutes. Materials are under pressure as well. The commodity selloff we are seeing is not just in oil. We are also talking inflation as er we got the numbers this morning. Inflation very slightly hotter than estimated Committee Even as wages continue to be under pressure. Here is commodities and the inflation outlook. What expectations for inflation are being priced into the market. This is the 10year breakeven. We have seen that come down. Come down as but applicable along with of the commodities, the commodities index. Speaking of commodities and pricing inflation, we have target in focus this morning after the company said it has been cutting prices to better compete with walmart. However, that has put pressure on its margins. Some of the numbers missed estimates, including its forecast, which it raised, but the midpoint of which is still below analyst estimates. Target shares are trading lower. Kroger under pressure as well. The other news
Youre making stories up lemonis if i cant help this young man mature as a leader. Dont be frustrated. Michael im very frustrated. Lemonis . And get both sides back on the same page. Richard if we bought if we bought michael i got this. Richard you got it . Okay. Lemonis . Mr. Green teas growth could melt away. If michael told you that he was gonna leave, what would you say to him . Richard i guess id ask him when he was leaving. Lemonis my name is marcus lemonis. And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. Lets go to work. This is the profit. Located in keyport, new jersey, mr. Green tea ice cream is a gourmet icecream manufacturer with a rich family history. Founded in 1968 by santo emanuele, the company is run today by his son
Youre making stories up lemonis if i cant help this young man mature as a leader. Dont be frustrated. Michael im very frustrated. Lemonis . And get both sides back on the same page. Richard if we bought if we bought michael i got this. Richard you got it . Okay. Lemonis . Mr. Green teas growth could melt away. If michael told you that he was gonna leave, what would you say to him . Richard i guess id ask him when he was leaving. Lemonis my name is marcus lemonis. And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. Lets go to work. This is the profit. Located in keyport, new jersey, mr. Green tea ice cream is a gourmet icecream manufacturer with a rich family history. Founded in 1968 by santo emanuele, the company is run today by his son
Youre making stories up lemonis if i cant help this young man mature as a leader. Dont be frustrated. Michael im very frustrated. Lemonis . And get both sides back on the same page. Richard if we bought if we bought michael i got this. Richard you got it . Okay. Lemonis . Mr. Green teas growth could melt away. If michael told you that he was gonna leave, what would you say to him . Richard i guess id ask him when he was leaving. Lemonis my name is marcus lemonis. And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. Lets go to work. This is the profit. Located in keyport, new jersey, mr. Green tea ice cream is a gourmet icecream manufacturer with a rich family history. Founded in 1968 by santo emanuele, the company is run today by his son