Years. The bounce back has been sharp and swift. Since the lows on february 11th, the major indices is up 7 or more and oil has gained 35 . Whats driving the rally, and has the market entered a new phase . Bob takes a look from the new york stock exchange. Reporter the market has entered a goldilocks window. The most Important Development is commodities have put in an intermediate term bottom. Iron ore has rallied dramatically in the last few days. This is positive implication for earning. Its good news for energy and material stock. They led the rally. Its also eased some of the worries the loans to banks have out to Energy Companies and its dramatically decrease worries about an out of control deflationary spiral. Its also helped greatly reduce the fears that some kind ofe global recession might be imminent. Thats led to a huge rally at emerging market economies with russia, brazil and south africa all up double digits in the last few days. The market has come to strongly anticipate
The bounce back has been sharp and swift. Since the lows on february 11th, the major indices is up 7 or more and oil has gained 35 . Whats driving the rally, and has the market entered a new phase . Bob takes a look from the new york stock exchange. Reporter the market has entered a goldilocks window. The most Important Development is commodities have put in an intermediate term bottom. Iron ore has rallied dramatically in the last few days. This is positive implication for earning. Its good news for energy and material stock. They led the rally. Its also eased some of the worries the loans to banks have out to Energy Companies and its dramatically decrease worries about an out of control deflationary spiral. Its also helped greatly reduce the fears that some kind of global recession might be imminent. Thats led to a huge rally at emerging market economies with russia, brazil and south africa all up double digits in the last few days. The market has come to strongly anticipate that the
Bill theres plenty of attention on what a poorer start this trading year is off to and not just any day or two days to see this kind of pressure but the two days to kick off the year traditionally not a great sign. Two other markets very quickly. Oil, yes, we continued lower again. Big time. Down another almost 4 on wti. We are now at 48. It did touch the 47 range and brent is threatening to go below 50 at this point. Lets show you if we can the 10year yield. It touched 1. 88. At its lowest point today taking us back the lows of last october. Yes. On your screen there, you are seeing the 10year u. S. Treasury note below 2 . The 30year well below 2. 5 . I mean, we are talking about levels we havent seen since the financial crisis and there is a big element perhaps of whats happening overseas but lets talk about it in the exchange. Markets see the dow off 92. Nasdaq off 39 and s p off 11. Joining us in that said exchange today, margie patel, david kudlow jeff reeves Samuel Stovall and Ri
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