Expected treasury secretary nominee janet yellen. Americans expectations for the future even grimmer. With no fresh round of stimulus and covid cases surging, many people are not feeling so optimistic as we head into the holidays. One Positive Side of the economy is housing. Joe it was one of the early strong parts of the economy this summer and continues to show incredible momentum. The speed of Housing Price growth through multiple measures. Month over month, i think that is the fastest pace of home price growth ever. Sincet sequential growth 2013. I dont even know if that is a good thing. If you own a home, i guess that is good. If you are looking to buy a home, not great. Caroline there is always the haves and havenots in any story. Consumer confidence, we know that the u. S. Economy is determined by the strength of our desire to spend here. Consumer confidence was not looking so pretty. We had dana talking about the worry that there is in peoples minds, that they do not see the ma
The influencer jon ferro for you on Bloomberg Radio, bloomberg television. Got all of this going on this morning. I want to do the markets to start our simulcast in this hour. We will do the data check as we talk here. Spx up 0. 7 , and once again, the nasdaq less. Is the trend in place . Jonathan the trend is in place, and the small caps outperform. Many people, and the words of jonathan callup, willing to look of Jonathan Golub, willing to look at the forward outlook. Tom we are getting into all of the year ahead looks and all of that parlor game. D a fewwhat ferro di years ago. Forget about it, wait for march. Would you say the consensus right is cyclicals, materials, and small caps . Jonathan overwhelmingly it is the consensus. That is the story. The other consensus story as well is the weaker dollar. Socgen out to 1. 27 on eurodollar, year end 2021. We still havent got through those levels from late august. We didnt close below them yesterday. A little bit of weakness again this m
Green shoots rhetoric. What makes it interesting going into november, the financials had already been up 30 out of the march low, plus the yield curve has, in. The yield curve has come in. It is puzzling why the banks are up so much. It has to do with the narrative of the traders and investors buying cyclical stocks on the potential for strong recovery. Guy i will cheat david i will cheat. You and i talk when we are not on television. What is going on with the yen . Abigail those are some of my favorite conversations because we can move back and forth. The yen does bring attention to itself over last year. It is up about 4 . When you have stocks at alltime highs, you have bonds at record highs, although folks will say the fed the yen is a pure play haven. Over the last year, up about 4 . Some traders might like the fact that stocks are higher, but theyre probably hedging for the possibility there could be choppiness ahead. That is true for the vix. The vix is still above 20. That is in
Get into that phil flynn, the senior analyst, Fox News Contributor as you know, adam joined us from agoura financial, jackie deangelis, we will be going through these numbers and sectors as you keep looking at this but alan, looking at it and i want to tip my hat to you because in the middle of this down graph when people were looking for barrels to go over with you said wait a minute, this is not as bad as it looks and sure enough you were proven right, going back to last march and where we are now, what can you do for an encore . Obviously we saw the market snapback as we seen every time in history, we are in a bull market, everything the market has thrown at it its been able to bounce back and bounce back the difference of a selloff, that is a lot higher move, you talk about the 10000point drop in the dow, that pretends 40000, that may seemed like a Staggering Number but its 30 above where we are now and lets remember the dow is 65 off the lows, there is upside left and until the dy
Contributor, karl rove. Futures are pointing to another rally, extending yesterdays gains of 315 points on the dow futures right now, all three major market gauges finishing in the green yesterday, boosted by positive news on the vaccine front from astrazeneca this time. Best buy, burlington and Dicks Sporting Goods are reporting this morning, all the numbers as soon as they hit the tape. Were keeping an eye on the Holiday Shopping season thats largely shifting online. How you can protect yourself against cyber criminals looking to hack the holidays. And replacing an icon, or trying to. Jeopardy will be seeing a show alumnus as its new interim host, making a buzz this morning. Mornings with maria live right now. New york, concrete jungle where dreams are made of. Theres nothing you cant do. Dagen weve got a rally on deck here in the United States, same story in the european markets. Gains across the board, up about 1 in england, france and germany at the moment. In asia overnights, mar