Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica
Surveillance on tv and radio alongside Lisa Abramowicz im jonathan ferro. Your equity market positive by 0. 2 on the s p come on a threeday winning streak on the s p 500. If you want to focus on the data, the week starts today. Lisa ppi today ahead of cpi tomorrow. Its interesting whether the Economic Data is what is driving gains we are seeing in stocks in frank the in bonds was arguably which is arguably what is leading stocks. Whether it is haven trade or listening to the fed speak or just a blowoff of the tough we saw last week. Lisa we talked a lot about it jonathan we talked a lot about in the past when he four hours. The fed is comfortable with the market doing the work for them and the work the market is not doing the work for them. Lisa nikki bowman later this morning. Even the hawkish talk seems to be dampening the tone a little bit basically saying maybe one more hike is needed but softening the tone around the edges, it seems like everybody has been taken off guard with the
Reporting before the bell tomorrow, all facing very different headwinds. Speaking of headwinds, dom chu has the numbers. I think i am a headwind sometimes for these markets. But we started off with a solidly positive day, and now you can see were mixed at best. Ill start with the largest cap kind of broader s p 500, which sits at 4354, down about three points. Thats not much, considering the fact that we were up 19 points at one point during the highs of the decision. And then down nine towards the low. So were tilting towards that lower end of the trading range so far today. The dow down about 0. 1 of 1 . And the nasdaq still in the green, by only a quarter of 1 , 13,591. One key area of focus is oil and gas. The middle east war between israel and hamas and now hezbollah perhaps creating some waves in lebanon is starting to put a bid to oil prices. Theyre pulling back just a little bit in trading so far today. You can see some of the crude futures down about 1 right there. The Energy
1200 israelis are killed. At last count. At least 20 americans are missing. Israelis, israels former ambassador to the United Nations danny danon will join us a little later. Talk about the markets. Hedge funds loading up on the short positions. Theyre betting on doom and gloom. Theyre short on stocks at record levels. I will ask alli mccartney whether this is a you dont want to miss unbreakable investor. All about my new book. I will tell you all about it at 2 15. Well dive into the latest Nobel Prize Winner of economics. She worked on gender gap things that will surprise a whole lot of people. Amazing insight. Cant wait to share that with you and more all on making money. Charles so the smartest people in the room, those hedge fund types, theyre betting big on doom, folks, i mean really big. Take a look at this. This is their short positions. The blue line is the 10year short. 75 billion. Two year short, 275 billion. These are mindboggling numbers. Theyre betting on the bond market t
Host good morning and welcome to bloomberg daybreak europe. Lets get to the top stories. Yields sinking on dovish fed speak. Netanyahu vows retaliation against hamas has only started as militants worn they are prepared to kill hostages. In europe leaders are going to hold an emergency meeting. A lot going on geopolitically. Lets see how it is being priced into the markets. We are going to see a potential turnaround from yesterdays price action. Futures action is crucial. You are seeing a complete reversal. The idea here is that if you have war on the horizon and breaking out your gut reaction is to sell everything. Today it is the opposite. Looking at it from a sectorial basis. The defense bid is being actively priced into the market. Some might view it as an overreaction in the market which is why we are seeing futurists outperform. Futures outperform. Some of that is going to be a function of the yield picture. What is lacking is what is going on in the u. S. Markets and that has a l