Take a look at the technicals. This is a one year chart of the s p 500. A chubby uptrend. The big question is whether we are looking at a v bottom. It could be something that is called a bear pendant. 3000 is the lines in the sand. Bottom backe a toward the high. If we go back below the 200 Day Moving Average or below 3000, it makes a stronger case for work to be done to the downside. Volatility breeds volatility. More big moves are ahead. Worksuggests there is more to be done on the downside. At the creditg market, which looks to be stabilizing after some steep losses at the end of february with highyield bonds volume for a second day. The spreads narrow. Is the biggest junkbond etf, so the biggest the secondbiggest inflow ever. The spread narrowing can be an indicator for equities. Some of the bulls can take comfort there could be more upside for stocks. Crude oil has come off its highs for the day because russia and saudi arabia cannot seem to agree on whether deeper cuts are needed
Sherry came on set. Scarlet 15 minutes before we got another leg higher. Lets check in with our reporters. Im thinking about all the themes that you and the panels are talking about. Overbought, overextended. This chart suggests perhaps at some point relatively soon consolidation could be due because of how overextended the s p 500 is. Wer the last year, in white have the s p 500 and in yellow we have the 200 day moving average. Above that moving average. In august 9 above. Above the moving average but what i would like to the point here is we have that is comingas the rsi down from its most overbought levels. Technicians like it overbought arket so long as its in series of rising highs. Here we have lower highs suggesting it is cooling off. It will be very interesting to see what the trigger will be. This chart does again suggested is probably coming. Sarah thanks. I want to rewind a bit. Pick backup on that value versus growth rotation conversation, k. Ing had on the des at the end o
Public. Deciding that the scrutiny directed toward him had become too much of a distraction. The resiliency of facebook, despite the backlash over big tech. I get that. Im not the ideal messenger for this right now. We have work to do to build trust. What does the future hold as we head into 2020 . A special edition of Halftime Report in San Francisco, begins right now. And we welcome you to 1 market we have a great lineup today were going to be joined exclusively in a little while by snowflake chairman and ceo Frank Slootman as he prepares to take the Company Public in the year ahead. Frederick kerrest, the cofounder of okta, that stock up more than 90 this year were joined by Brad Gerstner who helped us take stock of whats happening in the valley throughout the year. Deirdre bosa is with us, covered the ipo and Venture Capital markets closely as anybody its great to have both of you here so brad, interesting year to say the least. Uber, lyft, they go public wework blows up. What do y
Before but investors remain bullish. We are on record close watch for the three major averages, as we stand, the nasdaq and s p pretty comfortable. The dow just higher, though, by only 0. 1 . Industrials the only sector in the red. Consumer discretion. Joining us, josh brown from Wealth Management. Well done. What did i say . Im not sure. It was cute. I got close enough. Lets stay on track nasdaq, dow, s p. With almost nothing in the red at all. Its bigger than that 52week highs for the slf. Bank sector. Very, very key incredibly bullish Consumer Sector spydr. Look at the usual suspects, xlk. Off the radar things that are happening thats really interesting. This might be because enough tax law selling has already occurred or traders are anticipating the end of that. Some of those highprofile ipos that blew up this summer and fall are starting to make meaningful moves off their lows, looking like they could be putting in a sustainable bottom. Peloton, after a very disappointing debut. S
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no