Being his spat with mexico over who will pay for the border wall. Its the kind of tiff that has people recognizing that Political Risk is being ratcheted with caused some of the move to stall out todd, dow dipping seven points. The nasdaq did advance 0. 10 . But you know what . Earnings are driving the show here, not politics. Seems like politics, but its not. I mean, look, you can evaluate them through a trumpian prism with one eye on twitter, but when companies deliver great numbers, their stock goes up no matter what happens in washington. And when companies disappoint, their stocks get dumped too. So since next week is filled with Earnings Report, lets go right into the game plan. On monday morning, we hear from one of the best Pipeline Companies on earth. Its called enterprise products. Im hoping they talk about what trumps deregulation agenda means for the future. This company knows. After the close, packaging corps reports. We typically dont talk about these companies but the pa
Were still in rarefied air at these levels with the market well above where it was right after the election, and yet i keep hearing about the day of reckoning thats coming. Im not sure about that day. However, i have to tell you when i look at whats happening with individual companies, not the overall market, i see a game plan next week that most likely will face its roughest test even as i doubt it will produce enough grift for the bears to get the kind of selloff theyre praying for. What makes me so concerned about next week . Retail. Next week the retailers report, and i think well blanche when we see these numbers, especially given their stocks have had a bit of a run going into these quarters. Lets start with two retailers we hear from on Tuesday Morning, home depot and macys. Their stocks have been on different trajectories. Home depot is ameteoroloong the retailers in the world but this stock has had a pattern. It runs hard into the quarter. Then it reports fabulous results and
Future series, coming to you from cnbc one market in San Francisco. Weve gotten interviews about some of the most exciting tech stories in Silicon Valley coming up just in a few seconds. The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell cut estimates ahead of their quarterly reports. In an across the board selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign. With the dow dipping 28 points, s p declining. 3 . The warnings couldnt have come at a worse time, worse time for the industrials at least which have been rallying ahead of the soon to be released quarterly reports. Money flowed into other sectors as soon as the disappointments happened. Notably the bank and retailers once the cyclical smoke cleared. Despite a tepid payroll report, these two groups helped the market make a rebournd.
Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the Campaign Season bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost conta
Mea meant. Investors run for the exits. 181 points. Speed plunging 9. 4 . The house of pain. Remember how this market works. It has not one but two masters. The first is oil. If oil rallies, the stock market almost always goes higher. Thats been the pattern. Been the pattern since the bottom on february 10th, which is easy, because its my birthday. The federal reserve. Its one mean task master. Bulls want this these two separate. You know who always wins in the bear is almost always the first, lets set the stage. Yesterday was one of those bizarre up days where nothing happened. Nothing significant from any government. It was a terrific sign that in the absence of news, maybe the market wanted to go higher. However, the sign was a false one. As we found out this morning at 8 30 a. M. , when the bulls got some unwelcomed news. An astonishing pickup of inflation led by higher rents, medical care and an increase in energy prices. These all amounted to a. 4 increase in the cp a. Thats the