Before . Well, there is some catalyst pushing us around, and the catalyst and we have talked about it time and time again, over the last month or two, and the correlation with oil, and 37 to 42 is the new range that we are sitting in with oil. If oil breaks through, judge, that is because the primary catalyst in my opinion that has been moving the markets, and that is where we areal following the very closest, because you can talk about the dow or talk about the 10year or the chinaer to fed i was going to talk about the dollar. Make the can case that the dollar is the most important thing. Well, it is important, but you can almost right now close your eyes on the weekly basis and not every single day, but on the weekly basis, close your eyes and see where oil is, and you know where the market is. And rob, is this the time, maybe it is, sentiment is different than what it was in the beginning part of the year. China is maybe beter thab it was in the beginning part of the year, and oil i
Started a little bit earlier, and we have josh brown, steve wei weiss, jon najarian, and josh of the macro group gianelli. Well, it is cautious any time, and not just this moment, and anybody who is invested you have to understand that without warning a 10 correction could happen, and that knocks you down 15 or 20 depending upon the portfolio, and the bigger picture, it is shocking that we went into the earning season expecting a not so great earning season, but we all felt, and you know, we all meaning the collective investor psyche, and tech will get it done for us, and the tech has been the source of most of the earningsrelated consternation. Take a look at the triple qs on the monthly basis closing at the 10month moving average in a while, and meanwhile upside surprises in places like exxon. So a lot of what is going on is companyspecific, and the macro stuff is largely papered over. I want to know if now that you have got, you know, icahn again negative on the market, and you know
Markets. The dow, nasdaq and s p firmly in the green. It came down to one thing. A weaker dollar. The dollar has fallen for six Straight Days sitting at its lowest level since august. Is it really this simple. Its been weaker are dollar and stronger oil, too. They go hand in hand. Im still in the camp that were in a correction in the dollar. For the last month or so, ive been wrong on being long dollar. When i look back at the longer term, we had 18 months from 2014, to the peak in 2015. Where we had a 20 run in the dollar. Now, over the last 14 months, weve dropped 7. 8 or so. To me thats a correction. So somewhere around here, i thought it would hold 94. When i talk about the dxy, i thought it would hold that, but it hasnt. I think somewhere around here im going to be looking for a turn. Its very significant that the dollar does keep on this decline. For the market . I think significant for a lot of different reasons. First of all, i think theres been a bit of a lending mentality. Ce
Lets talk whats happening with stocks because you pointed out the dow heat map and the dow heat map is almost all green. Here are the two biggest point contributors to the rally. Nearly 200 points to the upside today. Take a look at this. Post 6, the nyse, imc, Market Makers for boeing shares. Up about 2 . They are adding 26, 27 points to the overall rally in the dow. Now were going to turn around here and go around to the other side and this is post5 for Citadel Securities where Goldman Sachs trades. Goldman sachs up over 2 as well. Thats adding north of 20 points to the overall dow rally so those two stocks are showing real signs of life, and if you take a look at the Macro Markets overall for the sectors in the s p 500, we do see that financials and industrials, boeing and Goldman Sachs, are among the two best performing sectors so far today. Also, one more thing to watch here. Some of the traders have been talking a lot about oil prices. We can see Oil Prices Moving higher right no
Playboy and what happens when brands walk away from their history . Now its really nothing but the articles. Okay. China fears adding to todays weakness. But earnings as tiyler mentione, front and center. You can see the shares are a little changed right now. Intel flat. Jp morgan chase slightly lower. Intel is down 10 this year. It rallied big over the past one month. J. P. Morgan is down more than 1 . Josh lipton covering intel. Take it away. Mandy, heres what to watch when intel reports. So, one, what is the state for pc demand . And here investors not expecting much. After all, idc reports that pc shipments dropped 11 in q3. Alex gowna says the chipmaker cant post a number thats a lot worse than the industry. He thinks sales in intels Client Computing Group which includes chips for pcs fell 12 in the quarter to 8. 1 billion. But investors dont expect much for the pc business, they do want to see strength in the companys other big business. Chips for data centers. Doug friedman says