Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have more to go . Well, i understand the focus on the equity
By about 414 points. Things have bounced around rapidly. Weve seen the volatility. Part of that was the big selling that happened. Nasdaq off another 140 poijnts. Looking at the 10year trading down talking historic lows every day when the 10yearwas above 1. 2 on the ticker, i was looking for it this is an important time to watch that, didnt you think it is crazy its a new time line to look at global rates we never thought these type of rates would get to us. They are still higher than the rest of the world is at. It is still staggering it is unbelievable and shocking on the daily basis. Providing the context. It does not happen often they are usually tied to an event. 1998, it was the collapse of the he hedge fund in 2010, resulting in a drop 2008, the financial crisis led to a fourday decline of more than 1,500 points. And now the coronavirus with a loss of 3,200. The big one was 1987 that wasnt really precipitated by any other event other than insurance. 22 in a day i want to make a
And a boom boom, just shake your options tony zang is a Video Conference call you need to be on its time to risk less and make more options action starts now. Welcome to options action. Im Courtney Reagan in this evening for melissa lee. We have carter worth and tony zang and mike ko joins us from the powdery slopes of utah just like the markets, hes been going down all day we kick things off with a rate route. Coronavirus fears really starting to take a huge toll on treasuries as investors flood into the bond market for safety. Check out the 30year yield hitting its lowest level ever today. Well, the tenyear is back below 1. 5 , and dont look now, but that pesky yield curve, its threatening to invert once again. But if youre looking to turn these low rates into high spirits, the chart master does have a way to get it done. So, carter, explain to us how we can do this. Anything that is obviously rate sensitive or inversely correlated has an opportunity to continue to do well even as ra
Good morning welcome, im Courtney Reagan in for Brian Sullivan what a day it is shaping up to be again today, but looking different than what we saw on monday well kick off this morning with a tuesday turnaround dow futures are pointing higher indicated higher by more than 900 points 920 points at this moment. The s p 500 indicated higher by more than 104 points and the nasdaq up by 323 points. We have a lot of hours left until the opening bell sounds but this is come after the worst day for stocks with the dow falling more than 2,000 points in a single day. The selloff triggering the first halt to u. S. Trading in 20 years. As it stands right now, all the major averages are in correction the dow transports and the russell are in bear market territory down more than 20 from recent 52 week highs. Same thing goes for energy financials, industrials, materials and tech all those sectors also in that same boat bonds are hovering off the low, ten year is back above energy pouncing back after