The consensus and two hundred and its less than the two hundred thirty nine thousand jobs created in november lets get into the dates with dr Mark Thornton a senior fellow at the me season just to dr thornton thanks again for joining us it seems like a pretty good report but not a toadie the tiger great report whats your take on some of the highlights in terms of specific sector specifics. Well i was thinking that it was going to be a tony the tiger type report of two hundred thousand or more new jobs added and as you said the consensus amongst economist was for one hundred ninety thousand. And on the downside the Retail Sector surprisingly lost twenty thousand jobs in december im a little leery of that figure and these figures are almost guesstimates that have to be revised two times and i would not be surprised if retail is revised upward in a significant way if retail goes up twenty five thousand and set it down twenty thousand then my estimate was was right on the money i was surpr
See, we have we the best week for the s p 500 and the nasdaq sense 2016. These were all games last week. Even though the gains are tiny, they do stand out. The dow and the nasdaq earlier but in alltime highs. It will be interesting to see how the day plays out. We are going to see why these stand out. Week, the best week since december, its around tax reform and earnings season. We did not see a decline on a daily basis. Its a little bit of a breaking of trend. Shares of gopro, take a look at this, down 29 . They put up announcement, they are slashing revenues for the fourth quarter. They will be 20 below what is expected. 340expect revenues to be million. They are reducing the Global Workforce to 1000 people. Has been under pressure for a couple of years. It was more than a 90 staff. Now its a five dollars stock. Its something everybody is looking for. Lets look at some of the other movers. These are in the green. Positiveny put up a announcement. They say the fullyear forecast for pr
Are a little mixed. Nasdaq is down ever so slightly but earlier, the nasdaq had also been slightly higher. Looking at another round of record highs. Hope surround tax reform and the earnings season really kicking off on friday with some of the big banks. Investors on hold, taking a breather. Highs, relative to checker sector composition, tech lower as well but one of the best sectors on the day, health care. Almost 5 tific up up for the half percent. 4. 5 . Johnson johnson up 1. 9 . Investors liking what they had to say. Retail, a bit of a mixed picture. Season, butiday urban outfitters, not so much, down 5 . That is below what they had guided two, before and we also have under armour down 4. 4 . On brandside ahead risk and i know you love charts. Check out this chart on the s p 500. This is the rsi or momentum indicator on the s p 500. When it goes below 30, that suggests the market is oversold. We saw that back in the mid90s, for the most part in between those two levels, hitting lev
Equities. We will comedo, back to this in a second while we fix this. Vonnie i will check u. S. Markets first because we are 90 minutes into the trading day. The dow is up. 25 . The s p up. 1 and the nasdaq tax reform helping the. S. Profit outlook david from mainstay capital think the trading weve been seeing this year is equivalent to euphoria. Perhaps this wont end well. Theyre interesting when we contrast this to a great chart we have in the bloomberg. We are looking at the number of death without a 5 pullback or greater. We are looking at the number of without a 5 pullback or greater. The s p 500 in blue. We are looking at the number of days without a 5 pullback. We are on day 295. Week,eek, it was last it was day 292. You have to go back to 1965. One of the bestperforming sectors on the day helping the record high, the financial sectors. Citigroup and bank of america higher. We have regional banks higher. Behind this trend, not surprisingly, yields. The 10 year yield is up five b
States. Here. L doolittle is treasuries having a massive impact on equities today. Abigail we have declines. We have a sea of red on the screen. On pace for their worst day since the end of 2017. Earlier at the lows on pace for the worst day since the middle of november. Right now this trading action does not have the feeling of turning green by the end of the day. Charttake a look at a that may suggest that we could see some sort of pullback. Its the spread between the s p 500 and its moving average well above. Conditions could be overbought. Its about 10 above since 2013. That may suggest we are going to go back down. It could be bearish. Take a look at the stocks down 1. 6 after yesterdays big incline. Could be worrying to investors. The stock has not put in an alltime high since 2000. Weekly intel on whats ahead. Hell tell on whats ahead. This is a five day chart of the 10 year yield. Had a big backup in rates over the last five days of about 14 basis points. We saw a similar fived