By the Options Market is betting on the bounce for one home depot. We start with the big countdown. And no. Which one is that. Hold on its not the countdown until friday its not the countdown until christmas. I hear i hear sleighing bells. They mixed ut santa with the record we are 18 days away from the next round of tariffs kicking in we heard today from two retailers today with two different takes on the looming levies dollar tree tanking after cutting guidance due to what else, tariffs, among other things best buy, though, it soared. Raised the outlook saying the impact of the tariffs has been factored in and dealt with so really with all due respect to dickens it was the best of times. It was the worst of times. Its a tale, guy adami of two retailers. I see what you did there. What story are you buying. Would you rather almost. First of all, i find it welcome. Welcome to breyen welcome to brayen. He is playing hurt tonight if you listen to his voice. Its grim its grim. But youre he
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
Compare it to. Reality check for the real real what a cnbc investigation uncovered sending the stock tumbling come on in the water fine. Dow and nasdaq soaring to alltime highs as treasury spreads hit the highest level since july is the bond market signaling its time to take off life jackets, jumping back into the record rally we mentioned the yield curve if you look to it 10year yield 1 the. 86 . German bunds back to alltime highs. Jp morgan to 130 all across the financials great gains we talked about it yesterday but ill say it again. Earning season a better than expected volatility is getting sucked out of the market right now. We were talking about 18s, 19s a couple weeks ago here we are in the 13 and a half to 14 and a half call at its you amazing how quick people digested whats going on in the options mechanic one area that i see more and more is Energy People going after some of these areas if you are looking at volatile names in there thats where we have seen it. Weve had 40 di
Balloons increasing 26 to just a little less than 1 trillion. Joining us for the hour is chris verona, Strategas Research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. The lack of euphoria is telling. Theres this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. You see it with semis and with trucking stocks, german dax is at a 52week high, the banks are acting better. I think the tone of the market is so different than what the tone of the front page of the paper says every day and i think thats bullish great to have chris with us for the whole first hour of the show, particularly given that we might have that record alltime closing high for the s p 500 the key level to keep an eye on, by the way, 3025. 9. We are at 3022 at the moment lets focus in on the big storie
Ahead of the trade talks in washington we just heard from President Trump on those trade talks lets get straight to kayla in dc with the latest. The markets have been whipsawing all day in response to chinese officials telegraphing exactly how they feel about the trade talks earlier today we had chinese officials telling bloomberg theyre open to a partial deal even though theyre frustrated by the black listing of 28 security and technology companies. Then we had a report about purchases of soybeans. Then we had a reuters report later in the day that said that chinese officials because of the black lifting by the commerce department, they are lowering their expectations for the outcome of these trade talks perhaps a shot across the bow to the u. S. Government as it tries to figure out exactly what to do behind closed doors and what potential truce, deal or no deal to accept or leave on the cutting room floor as it were. That report significantly moved the market perhaps the intention of