Right now with the vix, it was down another 2. 5 trading 11. 35. Nobody seems to care. It isser full speed ahead. I think the fed is a big deal, unless things start to break down, things being the russell below 130. The transports, below 160. Theres really in my opinion, nothing stopping s p. What do you think . I would think the fed is pretty much factored in. Every meeting out is 100 chance of a like. I think the ten year, people oppose it as a wall for the market. 3 to 4 . Thats where i see it being for the tenyear. I think you have a little leeway with the tenyear getting higher. You see the smashup buys a little more time for the fed. I dont know. Im a little nervous. Having said that, this is the first time after being a bull from the election that i see the market sort of moving sideways to lower where im thinking about trimming. I dont see how you can have everything wits not blinking. With valuations at highs, mechanically, valuations not so good. And this out of bonds to equi
Desk. Markets still in negative territory as they head into the day. The nasdaq is the biggest down 10 there. I want to show you what is happening with the s p sector. That energy is the biggest laggard the whole day, down 2 here. Crude. Because of information technology, not as bad as industrials and energy in part because of what is happening with micron over the course of the day. You can see it has been up most of the day 6. 3 . It is the biggest gainer not 500 in tech but the s p terms of percentage. It announced a poison pill plan, a strategy to make it unattractive to some bidders that it wants to avoid in order to avoid ownership change. Also bullish ratings. Retail is also winning. Up 4. 5 , 3. 57 there. This is after it was they agreed to Sell International to a group for about 600 50 million. Companies in the radar. Up by about 3. 5 here. Wells fargo saying the gap had seen several developments to create more favorable situations for the company. Urban outfitters, also 3 . Q
Said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be appropriate. That, of course, is fed chair janet yellen speaking today. Sounds like a rate hike is coming. If thats the case, what do you do with your portfolio now . Its almost a little disappointing, that the fed just decided this is the time. And data dependencywise, ive fallen on the more constructive side of it. But im not doing cart wheels over the data release. Fed is not priced in. If you look at your portfolio, those things that were dovish trades i think are extremely stretched. Those things that were defensive essentially be careful of the things that are very, very cheap. I think thats something that the market needs and some of it you could say this does feel a little bit like november when we were at 2100 on the s p and one to two rate hikes were not priced in. There were a lot of people that were cau
Up noorn more than 20 . People going towards the stocks. The question, is there going to be a potential cut in dividends. I dont believe so and utilities have ban great performer the last number of years. The hunt for yields is going to continue and the oneyear to 1. 48. Look, in utilities, theyre a special sector, because theyre a regulated entity. Theyll get enough to pay those dividends. See a massive recession, depression that will shut down terms of need for electricity and so forth. They can do fine. Tickle the energy cost coming down. Look at materials, however, stocks like php, i dont see how they maintain div gends going forwa dividends Going Forward. More worried about that. Energy could come down more. Basically okay. Theyll come down. You still need dividends. Telecos . Who knows . Major disruption there. And in some respects, joe, try to get what could be coming. Gdp report, disappointing, business dropoff. People wondering if that forecasts a recession. If business spendi
But hillary is hinting bernie should be ready to concede tomorrow. Tomorrow is 8 years from the day i withdrew and endorsed senator obama. I thought it was the right thing to do. No matter what differences we had in our campaign they paled in comparison than the differences with the republicans, and thats even more true today. Charles Hillary Clinton hoping to secure enough delegates tomorrow and gain some momentum going into the convention and the general election. Bernie sanders shows no signs of giving in. The race in california is a dead heat. Maybe make a case he should be the nominee. We have over 9 million votes. We have won in he state we have contested. This is also a point we make to the superdelegates and the whole convention when we talk about the future of america. In overwhelming numbers, we are winning the support of people 45 years of able or younger. Will sanders continue to rock the road to clintons path to the white house . Ford, i have got to tell you, Bernie Sander