Equities, a little push back. Morgan stanley saying we will see maybe 1 in the First Quarter of next year for the 10 year yield. Some selling in stocks today. The money flowing to some extent into treasuries. The dow had been holding up relatively well. Still down the least. Back into the red. Pulling back from the record close yesterday for the dow and s p 500. The magnitude of the drop is not big, only one third of 1 for the s p 500 but the brett of the decline pretty broad. All of the s p 500 lower today led by energy and materials as we see a commodity led selloff. A lot of individual movers, netflix out with its earnings, the subscriber growth, or lack thereof drawing attention. Adding 1. 6 8 million subscribers in the Second Quarter, falling shorts short of estimates blaming price increases. Johnson from johnson and Lockheed Martin, they had winners, though Lockheed Martin now lower after that Companies Earnings beat estimates, Johnson Johnson with earnings that beat in the Secon
Global stock market after the fed held back on rate and really, it seems, bought investors more time. The expectation is that the fed will raise rates. A lot of the commentary we are seeing this morning. Their major averages remain higher. Down to some degree at the moment, but we want to mention we are seeing strength in tech. Amazon and out for that are trading at records today and apple is resuming its recent rally we have been seeing on expectations for sales of the iphone seven. Roleology is playing a here and has been playing more of a role. We have not been talking about the stocks. We were earlier in the year. A breakdown of the Industry Groups in the s p 500, the votest post exit low on june 27. You see since then technology is the best performing group, a 18 followed by financials, 11. 5 . Is playing a big part of the recent rally we have seen. Looking at the stock and the other assets here, we have got the 10 year yield at the lows of the day, down fours four points. Alan gr
That was an unexpected decline. Yearoveryear, sales advances. 7. 3 . Yearoveryear, 5. 1 . 240,200. Is this having an effect on the market . Not yet. Gains after the Federal Reserve held study on and indications that december is more likely than not in terms of what we could see for the future pace of Interest Rates. In terms of what we have been watching on the fixed income side, take a look at bloomberg for the 10year over the past three days. What we have seen is a decline in yields, perhaps not surprising giving the message from the fed. Not a sharp decline in yields. Adrift lower over the past a drift lower over the past several days. We have a few months to go , asre the time and the fed always, is a datadependent. If you look at oil prices combat is the other asset you want to watch. The dollar has been trending lower. Down by 5 . We have been actually, that is five points. We have seen it coming lower over the past couple of days in line with what we have been seeing on rates. O