And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
This is bloomberg surveillance with Jonathan Ferro Annmarie Hordern and lisa abramowitz. Jonathan this is your equity market at alltime highs coming in on thursday and the nasdaq closing at record highs. Lisa fueled by what . The market could hang in there because rates were rising for the right reason and now rates are going to go lower because were in the goldilocks sweet spot. We are dancing at the head of the pen with the idea of strength versus weakness. Jonathan 8 30 we get job less claims. Right now for walmart. The stock is up 2 premarket. Lisa they gain market share there. The idea that the beat across the board, how much is this about consumers feeling stronger and how much is walmart consolidating market share . Sams club 4. 4 versus 4. 3 . Jonathan if its good for walmart is a good for the economy . This is the commentary from the cfo. We are seeing customers historically thought for file you and now its value, quality and convenience. Lisa they are looking for a better pri
A next the next gear. Yeah, if you went out for lunch, like came back and checked the market, you went, what the heck happened yes. Ooersheres a look at our se heat map energy dealing well, had of course the opec extension, industrials, financials, goldman the best performer in the dow. Those are all the big winners. Ug the ten year yield is creeping up a little bit today. Real estate also in the red. Coming up, well go to washington for an exclusive interview with senator Chuck Grassley about tax reform. Chairman of the Senate Judiciary committee. The dows rise, 24,000, has been rapid compared to other big milestones a few of the signature trader hats for each milestone on set with us here courtesy of our friend, the trader peter tuchman, one of the most famous traders on the floor, looks like albert aeinstein if we can zoom out for a second, so we crossed 20,000 january, we crossed 21,000 on march 1st. That day was sort of reminisce soent of today crossed 22,000 in august crossed 23,
Taylor Financial Group Inc. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 4,117 shares of the home improvement retailer’s stock, valued at approximately $916,000. A number of other hedge funds also recently bought and sold shares of the business. Paragon […]
Sunpointe LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 688 shares of the retailer’s stock, valued at approximately $464,000. Other hedge funds and other institutional investors have also recently bought and […]