The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur
I dont know if its the word euphoria i think market, the market clearly has gone parabolic when that happens, you have a decision to make you could buy in with the momentum thats continuing to build or you could sit back and just have what you have. I think its better at this point to sit back, youre long the market stay long the market its not a referendum say og kay, because the markets going parabolic, it means it necessarily end. From a quantitative standpoint, this momentum strategy thats dominated the markets the last couple of years, its like the top spinning on a table because faster ander and faster, eventually, it falls over. I think thats what the environment is right now and the interesting thing as well and john could speak to this, the vix is up 11 today. Is this euphoria, the final stage of bull market is it time to worry a little bit zm. I think just to joes point about that 11 juch in the vix, there are some people a little worried. Now whether or not theyre getting ou
Brief. At 1 00 eastern time, we will see hear from randal quarles. At midnight tonight, the u. S. Government will shut down unless of the house and senate can, up with a lastminute compromise. Now, lets find out what is going on outside the business world. Time is running out for a partialo avert shutdown of the u. S. Government pay the house passed a measure that would keep the government open past tonight while Lawmakers Debate a longterm spending measure. Senate say they have the votes to block the bill. They want to include productions for young undocumented immigrants. According to people familiar with the matter, the fed wants to relax part of the post crisis demand to drastically increase capital levels. The fed is said to be opposed by the fdic, which has authority over banking rules. The European Central bank seems to be getting closer to signaling an end to quantitative easing. Almost half of those surveyed believe there will be a definite end date by june. That is a sign tha
Over. They all aim for new record closes. Theyre all there right now. They are still off the job. The breaking news here coming is here coming out of the white house they have confirmed that he will sign the bill in the next few hours. To the markets though. Youre looking as we work towards the closing bell. Russell is up to three and three and we have the dow up 64 it would be the second Straight Record close. As far as the dow is concerned. They are hitting an alltime high soon. It is headed for another record close. We are well above it right now. Some of this has to do with nothing inside the beltway. Its driving driving some of the action on wall street. Today alone. They are buying the hemophilia drugmaker. It is at 103 and 60 cents the price is actually fair at least according to the markets. We are watching this very closely its down three in the third. This is a big biotech company. In a deal with 9 billion up 26 percent. Together they are lighting up the biotech space. That e
Today. And someone investors believe a lot. Jeremy siegel calling for dow 20,000, sounding a cautious note despite the big rally. Find out why. Exclusive interview with him coming up. And can we get to his target . Twitter, by the way, have you seen that . Up 8. 5 right now, popping on news of more insider buying. Plus this partnership with the Company Announced this morning with the nfl. Is this the comeback that the beatendown stock has been waiting for . We have both sides of that were bringing back an analyst we had on last week who was skeptical about twitter. Shares hovering around the 30 a share mark. And shake shack will report its latest Earnings Report. Its the third time reporting since going public. The first two reports missed wall street estimates. Well bring you the numbers and tell you what it means for the restaurant space coming up. And this stock is up more than 200 since its ipo. And they only have 30 stories 71 around the world. 40 in the united states. Still, not