Markets that could be headed for a collision course bonds and stocks both surging together stock s hover near record highs. Check out the etf that tracks the bond market. Its highest level, in fact, since the election how long can they rally continue which will be the first two break . Does one have to break, guy . I dont know if one has to break. The bond traders will say theyre the smartest guys and gals in the room the bond market always knows sthichk t something the equity market doesnt know this time last year, yields 10. 6 , everybody looking for the downfall of the stock market, probably myself, included, by the way. All weve done is rallied ever since. Although the bond market is clearly telling you something, i think about the economy,stock markets playing a different game look at the transports within a whisper of the alltime high russell, same thing. Financials held a level weve talked about for a long time in the form of the xlf, 23 so unless im thissing something, which co
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Eurozone may be weaker than previously thought. That pressured stocks. The Dow Jones Industrial average dropped 140 points to 17,750. Nasdaq fell 54. The s p 500 was off 18. As bob pisani points out, the very things that had been driving the market higher for nearly three months seem to be starting to shift. Reporter stocks were down today as three key parts of the recent rally reversed a bit. First the china problem. Chinas been stable recently but the Economic Data has been choppy, kind of hard to read. Overnight the manufacturing numbers were weaker than expected. And that is predictably causing commodities and commodity stocks to weaken around the world. Second dlem is the dollar, notably weak this quarter. Its been a big help to commodity stocks and u. S. Based exporters. Some are starting to question whether the dollars fall is now over. Indeed, the dollar staged a reversal today. The third problem is oil. We know that its off the february low of roughly 26. But its dropped about
Stories plus more on today in new england. First lets look outside. The mild weather continues. It is easing back to the seasonally Cool Temperatures and lets get to meteorologist bri eggers with a peek of the weekend forecast. Taking a christmas walk seeing bees and blooms seeming like spring. We didnt break records. 62 the high in boston. 60 worcester. And current temperatures are chilly to the northwest of boston in the mid to upper 30s. 43 for the city and southeast in the upper 40s to near 50 degrees near nantucket. We keep the clouds with us and looks like the day is dry. It wont be the case tonight or tomorrow, though. This looks to be the cooler of the two weekend days. It will feel cooler because of the 60s and 70degree temperatures in the last couple of days and it is well above average this time of year. Afternoon and tonight rain moves in with areas of fog as well. Look at this big temperature drop beginning next week. We turn our warmth into winterlike weather and potentia