Information is incorporated there. Im keeping an eye on relationships between stocks and bonds. Bonds have vastly outperformed you can see the chart in the bond mark ket index. A lot of chatter about how Pension Funds will have to rebalance out of bonds into stocks to keep ratings consistent whether yesterday was a front running of that activity or whether by the way individuals may now use it as an occasion to say my allocation is out of whack because stocks are smaller, that is something we can watch perhaps play out on over the next few days mike santoly, thank you that sets us up well for our first discussion, market panel of the day well start with market action, another volatile trading session so far good morning andrew, ill start with you, how are you advising clients right now . Especially given the fact we are coming off the dow having the best day in 80 years, but historically weve seen these moves on a singlef day basis in the midst of recessions or bear markets. Great ques
Highest on the street. Well debate in our call of the day. Plus ten Growth Stocks that look attractive right now. The Investment Committee is ready to go. Halftime report starts right no now. It is good to have you with us on this wednesday steve weiss, carrie firestone. Also with us on set is mike wilson, the chief u. S. Equity strategist at Morgan Stanley we begin where else . The market stocks are reversing significant overnight losses to be mostly positive now, s p and nasdaq hitting new alltime highs clearly this seems is the marke making a bet, that while tensions with iran may continue, the conflict will not. Lets see if we can simplify a complex situation. Obviously the geopolitical tensions cause volatility. What keeps the market on stable footing is liquidity and the fed and everything its done to increase liquidity and give stability. Where you go in the short term is a balance between those two were seeing struck right now. In the long term, we know what we need. Earnings g
And later, former saks ceo steve sadove markets trying to get back some of what was lost on tuesday. As you know by now, the dows worst day since july, up about 130 here s p continues to circulate now around 44. 50 you have a little bit more tame vix picture below 16 and that tenyear coming off of 4. 22 this morning. Tech is lagging after yesterdays selloff and now the more recent underperformance of tech after the outperformance of tech so far yeartodate can tech continue to rally as these yields, even if theyre pulling back, settle in at higher levels. And the debate continues about whether the economy is too hot to get rid of inflation for the fed. Just this morning, we got some housing numbers that were better than expected. Industrial production, a litter better than expected after yesterdays retail sales a lot of jokes about the magnificent one or two, as opposed to magnificent seven, although cisco tonight could give us a view at least of enterprise spend and whether that gets a
Dealt a blow this past month the nasdaq up 5 the russell up 5. 5 . The dow up 1. 5 . So goes the start of the year. So goes the rest i mean, historically, you come out of a great january and most of the time you do get followthrough. Of course nothing is perfect if it were that easy, you would set a formula and there would be no need to think i dont know if its as simple as extrapolating a good january, a good first quarter, what have you, but theres a reason why that kind of thing does tend to persist over the years and decades. The stocks change. The ceos change. The products and services that theyre selling change what doesnt change is human nature and when the indices get a good start, that generally leads to chasing and generally leads to people just feeling more upbeat and better about things and interpreting data points as bullish rather than bearish so they can stay in the game. I like the way the year started. Guarantees us nothing, but probably it does do well the rest of the
Stopgap funding bill to kick the can down the road a bit longer. And later on, a closer look at one sector that is sis gaini lot of ground in 2024. Its friday, march 1st, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Im frank holland. Lets get you road ready for the first trading day of the month. The check of the stock futures. The s p and nasdaq sitting at alltime record highs leaping to them on leap day. You can see a bit of a mixed picture. Dow down 35 points. You see the nasdaq firmly in the green. S p is fractionally higher and almost flat right here. The dow, s p and nasdaq off the fourth straight winning month in h a row. The nasdaq is the leader. With the nasdaq coming off the first record close in more than two years, we get a check of the stocks to help us get here. Nvidia is up 61 . Constellation energy may be a pr surprise. The best stock in the s p and followed by meta up 39 . The bond market check after the pc