87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point pushing become a bit on that. Lets look at what happened overnight in asia. You will see the nikkei was up by 2 . Big swing back for it. Hang seng was up by 1 the shanghai up by 0. 8 . Again, the nikkei reversing course after the weakness we had seen the day before. European equities this morning, you will be seeing green arrows there. The dax is up by 0. 3 . The cac and ftse up by 0. 2 . Italy and spain weaker italy down by 0. 9 look at the treasury market. Right now on this friday were headin
In a unique moment in one of the most visited places in the world at night alone in noise. Fond stein castle in germany, few people get to experience it like this lemma. Here not when you were alone in the consulate and not the atmosphere is completely real and magical because you never see it like that. It gives you an entirely different feel for what lead with the 2nd was trying to do kind. And if you let stories told by the peaches work on you, its really a very magical app must be a mocking system. The restores tina now move which mikaela cristella are among the privileged few allowed to stay in noise. Fond stein at night. Theyre both working on the 1st major restoration of the castle and are taking the opportunity to look around in peace. The. There are hundreds of animals and mythical creatures to be discovered. The state of unify 50 or 55. You can see the sheer wealth of the imagination that went into the furnishings. Have you noticed it in so many details . No matter where you
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of large numbers, but were talking a little more than 30 days one day, its actually going to be in the front page. You know, look, other than the president s tweets about it, you really dont no ones really focused on this. Theyre more focused on bitcoin, tesla. This is remarkable last night i did a piece where i had to stick my hands into the cake because its not baked in so i think we blow through the number the only thing in my sights that may be negative is that we are going to get a trade decision