You are listening to janet yellen. Earlier today, mario draghi. Ecided to cut the deposit rate joining me now is Michael Mckee. Michael she made the same point she made yesterday, the economy you wouldo the point want to raise rates. Unemployment is close to its neutral rate. She made the same point to congress that she made to investors yesterday. The sed cannot the fed cannot afford to wait longer. Heres what she had to say. Betty we do not have that available. Michael if they wait too long, they will have to raise rates faster and perhaps farther. Away that a lot of people looked at yesterday, why they believe the fed is going to go into summer now is because she is signaling they do not want to wait longer. She did hint that the fed might be behind the curve. Michael it is much easier. They know what to do to respond to inflation breaking out. They would like to get started because they want to have ability to respond without additionalesort to qe, which they feel has lost its abil
Session highs for the markets. Three days for three. The s p 500 is at that 1 mark, trading at 2059. 1 . Dow is up by 8 10 of all of this coming off betterthanexpected data. Dive into my bloomberg terminal. I want to show you the seasonality heat map. This is your favorite function. Take a look at this christmas tree, red and green. I want you to focus on a couple red blocks here. This is for the month of december 2015. Right now we are on track for a negative of 1 . Getting closer to actually turning into the green for december, and the last time we had a loss on the order of 6 was back in 2002. We will be watching that as the day goes on and as the week goes on through the end of the year. In addition to that, i want you to take a look at the s p year to date. I want you to see look at this number, we are not in the red anymore. Now, positive for the year to date. Look at the volatility we have been going through. The s p 500 has actually flipflopped between positive and negative ter
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We are rising to the highs. Down,hich is taken a leg has not taken a bite out of stocks. That has been unusual in recent days. Its been all over the map today and trading has not had a lot of rhyme or reason. There has been a lot of talk about russias saying its going to talk with other opec producers with opec producers about cutting production. Then some holes are poked and that. That happened earlier in an oil went back up again and then it went down again. Take a look at my terminal to compare what happened intraday between stocks and oil in yellow. Stocks taking a leg up. That is really different from what we have seen of late for u. S. Markets. I want to take a look at the groups on the move. Energy is the worstperforming group. Today,ogy is really back up better than 2. 5 . It is not just tech. Notable that stocks are holding up despite that oil downturn. Scarlet we are ending the month on a strong note. In terms of january it has been pretty ugly. Julie it has. The rally we hav