That steep selloff after the fed surprise move, reversing today, at least for the moment its holding the Dow Jones Industrial is good for a 2 gain at this moment s p is holding above 3,000 1. 75 . Nasdaq up by 1. 5 . The question today, i want to know the answer to, joe, is, where are we what does this action tell us about whether weve hit a bottom or not or is this a process thats going to take more time its absolutely a process thats going to take more time this process began january 17th. On january 17th, the u. S. Ten year was 184 the u. S. Tenyear fell january 31st to 1. 50 the market at that point was telling us exactly where we are right now. Now i understand 95 basis points and what i left on february 12th, u. S. Tenyear was 1. 63 were going to take the lead from where the u. S. Tenyear goes you need to see the correlation between a lower yield and lower stock prices begin to break down i think whats incredibly relevant at this point is the actions of the Federal Reserve and wh
Record highs were only ten days ago. I continue the watch bond yields as yields sink so do stocks. As yields come off their lows stocks follow. What are you watching. When you look at internals, technicals, he is with aed on every measure of being shortterm oversold we had already checked those boxing going into today then today thing got worse it was a lesson for investors and traders that oversold doesnt mean the coast is clear. You can always get more oversold what is interesting right now, the s p at its low today down more than 10 . In five days thats only happened four times in history, 2011, 2015, and during the. Com bubble and burst and during the great financial crisis this is very extreme activity. On that point, to your point, bespoke today points out, to understand the magnitude of the drop and the swiftness in which we have seen it if the s p 500 today closes below 3,547. 53 today, tomorrow, or monday, it will be the fastest 10 decline from the alltime high from the s p 50
Playbooks. And jon najarian is tracking the market for opportunity Halftime Report starts right now. Good to have you with us on this thursday. Your Investment Committee on boxing day no sparring. I know, a different thing. Lets begin with that market milestone, the nasdaq hitting 9,000 for the first time ever. He joe, i local feel like this is the fomo rally, feerp of m ff missing out. Is it sustainable when i the calendar flips over . I think it is for the month of january why not wait and see what earnings will look like before we moderate the rate of appreciation as you move into february and march and the reality of a looming election maybe takes the market and presents it as a pause but you mentioned boxing day remember, this all began one day ago on boxing day, you had the dow jones up over 1,000, you had the nasdaq up over 5. 5 . It began there it followed into the january 2019 with the tremendous pivot from the Federal Reserve and i think that that has been the story that has
Traitered take their positions. Plus the best stock ideas for 2020 the Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee joe, stephanie, john, courtney, president of Capital Markets private wealth management. One of forbes top 100 advisers lets begin with that new milestone for stocks as s p sits within 2 of its best year since 1997 joe terranova, s p, nasdaq 100 new high russell 2,000, 52week high. Emerging markets, 52week high. Left our europe. Pretty good nikkei 25, 52week high. World is rallying. Risk back on. High bet, take exposure is what near term investors want from the market laggards are really rallying right now. I would argue when you look at the laggers, the ones that have limited Growth Opportunities and thats why it has not been a premium paid for them during the year, i want to look at the laggards from early in the year that began to recover early in the quarter. I think t
Well debate it straight ahead. The Investment Committee is ready to go. Halftime report is ready to go right now. Welcome. Good to have you with us on this friday our Investment Committee today josh brown, jon najarian, tom lee managing partner and head of research and brian belski, chief investment strategist. We begin today with the market stocks are higher friday still, though, the s p on pace for its first losing week in the past tom, i turn to you i said in the show, were going to put two bulls to the test your year end target is 3200 and will you get there confident . Yeah, i mean, i think we could even exceed it in the next seven weeks. Because of . Well, you know, i think Economic Data is really improving. I think as people start thinking about next year, theyll see upside risk to growth and then when you look at positioning, i think people are still uncomfortably, defensivably positioned that movement of cash into equities is part of that rocket fuel belski on october 30th, i