Nejra welcome to surveillance, with another record on the s p 500 yesterday. We could have another flat day. What will earnings bring . Thanksunderperformed underperformed banks underperformed. The fed decision is a big focus point at the end of the month. Yearrday, we saw the 10 bund yield dropped the most in four weeks. Edging up a basis point. Coming up, great interviews for you today. The acting managing director of the imf, david lipton at 10 a. M. London time. We begin with citigroup vowing to keep cutting cost despite managing to save more than expected. Trading revenue dropped 5 , Investment Banking slumped 10 . The chief executive says this year it aims to return 12 on tangible equity. Nancy pelosi says the house will vote on a resolution condemning President Trump for his attacks on four female lawmakers. Says the comments wont distract them from pursuing their agenda. Have beenents tweets widely condemned. If you are the leader of a great multicultural, multiracial society,
Dropped. We need to roll up our sleeves and figure out what can be bought now that were having a pullback from the monster rally weve had for the past three days. For the dow and nasdaq, its the best since august of last year. Were far along in earnings season so we have a real good feel now for how companies are doing. Which means we can figure out what stocks are going to become appealing as the market comes in for profit taking as it almost always does after real rip snorter of a rocket rally. You may ask why is it worth bothering giving there are so many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there ma
Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. That level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against the basket of currencies i follow. Sure, its roared again versus that venezuelan currency where a dollar buys you ten bolivars woe to the companies that have made big bet there is. Venezuela, like brazil, just keeps getting worse. And we know were still flirting with danger w
Feel now for how companies are doing. Which means we can figure out what stocks are going to become appealing as the market comes in for profit taking as it almost always does after real rip snorter of a rocket rally. You may ask why is it worth bothering giving there are so many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. Good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against t
Many real problems out there. Why not say we missed it, sorry . First, the problems are a little less problematic than they were. For instance, the Federal Reserve is more on our side than we thought. Last night, james bullard, the hawk to end all hawks, the st. Louis Federal Reserve president who was so optimistic back in the fall is now openly questioning the need to even discuss more rate hikes because of all the turmoil out there maybe even from the last one. Thats my addition to it. Man who recognizes the facts have changed and thus he needs to change his mind, too. That level of flexibility is a good send, a tip to the hat to mr. Bullard. Second, the dollar, the bane of so Many Companies existence has ceased to climb relentlessly against the basket of currencies i follow. Sure, its roared again versus that venezuelan currency where a dollar buys you ten bolivars woe to the companies that have made big bet there is. Venezuela, like brazil, just keeps getting worse. And we know wer