Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl
Those markets are doing today. Its a red day for the most part, spain is in the green. 10year note yield were always watching that and that is at 2. 42 boy, its a big start to the year for crude well talk a lot about that. Crude over 60 bucks even though its ticking slightly lower today along with brent and wti and brent at the bottom of the screen the roadmap starts with the new year and new rally futures rising as we said as wall street shrugs over geopolitical concerns and the tax effect bp taking a major q2 earnings set but bullish on the tax laws long term impact apples mea culpa, looking to quickly make amends with angry customers. Stocks coming off the best yearly performance since 2013, including 71 record closes for the dow, 72 for the nasdaq and 62 for the s p the dow posting a 25 gain for 2017 and s p up 19 . The nasdaq leading the three major indexes up 28 jim, happy new year to you. Happy new year. Thank you very much. It would certainly seem as though we entered a new yea
Its been pretty much unstoppable today. No different. Dow gaining 22. S p up. The nasdaq up 2. 8 . There are reasons why the market moved up. You hear them all the time. The fed on hold, the dollar weaker, stress in the oil patch let up with oil going up to 40 perhaps saving billions in loans from going bad. All the positives do is allow the market to reveal what it really is. Thats an amalgam of thousands of stocks of companies with different prospects and valuations. I think that a lot of the big move has to do with the fortunes of individual companies and how many, many stocks may be worth more than where they are currently in value. Take this incredible tussle over starwood. This thing is amazing. Thats the hotel chain with 1300 properties all over the globe we liked a few months ago marriott bid 11 billion for starwood. A bid so low i was astonished the company would sell for so little. The board was under pressure from activists in a strong position to demand a sale. They owned a
Second week of february. Its been pretty much unstoppable today. No different. Dow gaining 22. S p up. The nasdaq up 2. 8 . There are reasons why the market moved up. You hear them all the time. The fed on hold, the dollar weaker, stress in the oil patch let up with oil going up to 40 perhaps saving billions in loans from going bad. All the positives do is allow the market to reveal what it really is. Thats an amalgam of thousands of stocks of companies with different prospects and valuations. I think that a lot of the big move has to do with the fortunes of individual companies and how many, many stocks may be worth more than where they are currently in value. Take this incredible tussle over starwood. This thing is amazing. Thats the hotel chain with 1300 properties all over the globe we liked a few months ago marriott a bid so low i was astonished the company would sell for so little. The board was under pressure from activists in a strong position to demand a sale. They owned a lot
In 2015 on a separate payment that will not be paid. However, the vast majority of the more than 700 million that the island owes on monday by midnight on the 4th will be paid, including importantly the general Obligation Bonds that amount to about 330odd million dollars. Widely held by many mutual funds, Something Like 45 of mutual funds that invest in munis around the u. S. , melissa and brian, are exposed to some of that paper. And thats why were following the story. Kate, thanks so much. Well keep you posted on whats going on in puerto rico. This is power lunch. Im melissa lee along with brian sullivan. Oil is getting knocked around today, no surprise. In the last six months, crude is down almost 40 . What a tumble. Also, natural gas, did the nat gas trade just run out of energy . Its had a huge week but it is down again today. What is going on, melissa . And a year ago brian made some pretty brave and bold predictions about 2015. Today we will show you what he got right, what he g