The very best in the future and delighted in the knowledge that well be seeing him stauchoften. Having established and shown us how its done, on and offscreen, youre an example to us all, particularly the younger members of the onair talent like myself and courtney bill, thank you. You know, when the stakes and nerves are high, hes a mentor thats taught so much to so many of us, both directly and indirectly while his career cant be topped, bill also taught me to look at life as a threelegged fool, work, family and friends, and faith. Hopefully, weapon fi find a newc here with his new position as anchor at large. You know what he would be doing, he would be telling you that we have 59 minutes of trade, and in record close watch. Here is whats driving the action this afternoon. Stocks hitting record highs once again with the s p 500 poised for its straight fourth week of gains. Boeing weighing on the dow of troubles raise new red flags for investors. And Consumer Staples leading the char
Thing the stock market open the lower, started fighting back after hotter than expected cpi report. Here is the good news. We have some of the most brilliant mind in the business, we have ken fisher, steven ought. Constance hunter peter morici, paul schatz. Today is oneYear Anniversary of the market bottom. Doesnt feel like a bull market, does it. This bond yield thing has a lot of hedge funds, hedge funds are more short the market than ever. They keep talking about black friday. Later on in the show i will share how to make you unbreakable ininvestor. Today ask ills one of those prime days and more on making money. Charles so heres the breaking news, this just happened a few minutes before they came on the air. They had an auction yesterday we had a 10year auction. It was not a good auction. Dealers had to eat almost 19 . Anything over 14 is usually not a good market. Yesterday we had that. We had a 30year bond auction. You know what the Federal Reserve bid on, goose egg, nothing. Tha
The desk. Adp was weak. Yields came down a bit. How do you see things here . J. O. L. T. S. Strong, adp weak, the ten year at 4. 88. A reprieve at 4. 70. Its rates, rates, rates. If rates come down youll see names like tesla go up, some utilities will go up, youll see the stocks that have been the most beaten down move higher. I think, though, we have to settle in that although were not going to get this parabolic move weve seen continue to go higher that now, though, the ten year ceiling was 4. 25. That is now the floor. Now i think were going to bump along and that will be challenging longer term for the market. But right now it looks like a good old bounce. Lots of folks, joe, watching the yield curve including jeffrey gundlach. Should put everyone on recession watch, not just a recession warning not just recession watch. If the Unemployment Rate ticks up it will be an alert. Do you want to opine on that as we are transfixed by the bond market . The exact place within the market. In
Folks. Im charles payne. This is making money. Stocks are tumbling, bond yields are spiking this on fears i think, i think fears mostly that the fed will blow it. Al peck can till low will break it down what the message of the market is. Phil blancato on how much more destruction does powell and company need to see. Turmoil beyond the markets. Adam kobiessi and Rebecca Walser connecting wall street and main street misery. It is a growing gap between the richest and poorest. It is becoming a matter of life and death. You dont want to miss my takeaway on fighting back when the system wont fight for you. All that and so much more on making money. Charles all right, so heres the setup. Yesterday we had an intriguing session. If you go back to the lows of the october where the bottom was made, you had trend line. We held it yesterday. Not holding it today. Fractionally higher. Remember there is 11 sectors in the s p. They of them kept us up yesterday, that was of course the growth sectors.
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