Rose. 06 and nasdaq advanc advanced. 32 and im glad to put the brutal volatility behind us for the weekend. To totally chaotic nature of the market left me thinking once again who can blame people for losing faith in stocks . Yet here i am telling you yet again that if you protect yourself with limit orders, if you use weakness to put some capital away, not run from the market out of fear, you can use your money to make money in stocks and thats not something that you can say about cash. You think the market is just one big pumped up balloon. Its still the only game in town. Thats been the case ever since the case was serious about the financial crisis. Now were faced with the feds period of accommodation and were starting to get the hang of that and after this brutal week unless china runs off the rails before the next fed meeting or a gigantic firm implodes creating a brutal credit event that freezes brokerages around the globe im tempted to say lets just get it over with. So you can
Complicate things. Welcome to countdown. Anna we have some breaking news coming out. Bill on the comments yesterday evening. Charles evans said the feds have will depend on the economic outlook. Channeling janet yellen carry too early to tell if inflation rebound is sustained. This is the chicago fed president evans who has said that two rate hike this year will be appropriate. Duck killing what he said yesterday the market is very much mistaken if it thinks we are just going to get the one hike this year. This Charles Evans latest comment. Anna those concerned about whether inflation rebound is going to be sustained echoing what we have heard from some of the other more dovish comments we had last week. Worried aboutas whether inflation would be sustained. Compounded with retreating oil prices. Where oil goes, stocks follow. We were wondering if that link would break down. It seems it has been reinstated by the session. Asian stocks hitting a fiveweek low. Index is justld beginning to
Where is it now . Nicole bank of america, jpmorgan. Look at citigroup, obviously we watch it throughout the financial crisis and a sword to the new annual highs. Anybody who wanted to take a risk and actually bought into that is probably cheering now. Liz American Eagle outfitters. We have been watching it all day, but just a few moments ago we were watching it get smacked down 10 on research that showed people arent rushing into the stars in the malls, but some like abercrombie not getting hit as hard. Nicole that is true. Teenagers are fickle. American eagle outfitters seems to be on the outs today. Getting a cautious outlook, not seeing the traffic that they had hoped. David looks like we have done it again. New alltime highs. Liz it is a little bit more muted. Another headline input as the Dow Jones Industrial closes at alltime highs, 14,295. The s p up one and three quarters. The nasdaq could not hold the games they were able to find, and the russell 2000 up about a quarter of a p
Environment Canada is predicting a warmer-than-usual summer across the entire country, with the greatest chance of high temperatures everywhere east of Manitoba.