Discussing recession yet again today if oil hadnt reversed course and roared back which caused the dow to rebound from down 265 to up 53 points. S p advanced. 44 . Nasdaq gained. 87 . When you look at the link to the price of oil, the idea we could be headed into a recession has become a powerful fiend. A whispered under current in this environment that services when oil take as dive. When oil goes up we stop worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to and how can it be a march rate how can that be on the table . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this mo
Worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to and how can it be a march rate hike . How can that be on the table . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at recession. I guess we are going into a recession. Maybe were in a recession or the Research Analysts wouldnt have spent most of the piece talking about how General Motors will get hurt in a recession. I started thinking about the conversation with fords ceo in San Francisco where he basic
Nasdaq gained. 87 . When you look at the link to the price of oil, the idea we could be headed into a recession has become a powerful fiend. A whispered under current in this environment that services when oil take as dive. When oil goes up we stop worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to raise Interest Rates. And how can it be a march rate hike . How can that be on the table . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. To have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at risk than people realli
European. The tenyear note yield continues to hover around even below that 2 mark. God, i i know. Shocking. Japanese negative to nine years out. Negative to nine years, youre paying them to take your money in japan. And the all important look at oil. Up on friday, down this morning, and we seem to be following on the equity averages. Lets get to our road map this morning. It starts with shares of chipotle are up this morning on some anticipated good news from the cdc. Perhaps a turning point for the company after that e. Coli outbreak . Plus what you need to know about the iowa caucuses. Well take you there live as the area prepares for snow. Shares of tesla falling after Morgan Stanley slashed the price target by 100. What has adam jonas concerned about it. And news on the activism front coming your way. Moments from now on alcoa. Lets get to the Broader Markets to start things off. Global growth concerns sends futures and oil prices lower. China manufacturing, pmi for january indicat
Continuing with his purchases of about 40 billion, also 45 billion treasuries. These guys certainly have not forgotten, benefiting from it. Liz probably not a good sign for global change. Plunging more than 8 earlier today. That is the biggest drop since 2008. This is the index giving investors inside the Global Supply and demand trends by measuring changes in the cost to transport things like raw material. Often considered a leading indicator of future growth. David while gold could not get the pop a lot thought it would, look at oil, up over 1 . It was a little higher, ending off of session highs, but they were encouraged by the fact not only was ben bernanke going to be printing more money but also the china seems to be gaining little bit of steam. Good day for oil traders. Liz purchasing 85 billion in bonds per month saying it will keep rates low until we see the implement rate fall below 6. 5 . That is historic, folks. And then said probably mid2015, which is what they have said a