The highs of the session. For the Third Straight day, a gain of more than 1 . Only happened 15 times. This is the 15th time that has happened since 1990, when we have had three Straight Days of 1 gains or more for the s p 500. It is quite unusual. It is happening an environment where it seems to be a rebound recovery kind of affect. There is no big macro headline for the past several days spurring the rally. We have not seen a lot of the cyclical groups leave the rally. Energy is the bestperforming group. Technology, materials, industrials have been some of the leaders. Lets look at what has led over the past few days. Finances have gained the most in financial terms over the threeday period. The only group a little lower is utilities. Brendan that is equities. Where are we with Everything Else . Julie a similar move depending on where you look, particularly the bond market. Ec see a move into stocks and out of u. S. Treasuries. Here is the 10year yield for the years to date. There has
But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yesterday on this prospect of negative rates. Do you really think that she was going to satisfy on the markets yesterday . No. Going into it she was never going to get what people fully wanted. No way. There were some people who wanted her to completely capitulate and walk back from the move in december. Not only did she not do that, she said we have no plans to cut rates again. But theres also nothing that she could have said to asewage the market. She could have said well do more qe and the market
The 11 state voting on supertuesday and alaska six days away. Jtb the fidelity account, 595 delegates in the jackpot, the biggest pride is texas, for a big chunk, 155 delegates in texas up for grabs but more importantly the senator ted cruzs home state, if ted cruz cannot win texas experts are saying he will likely have to give up his bid for the presidency. Marco rubio and john kasich face a similar three way from florida and ohio and their primaries, political panels, the gop race could be over before march madness has started. The wall street ornament is on, Dow Jones Industrials down 15 points after having been lowered by 265. It is a mix up as the markets try to beam to the green. Jawboning over the phrase ends toying with the american markets and your money as we speak. Former state department official, fox news middle east terror experts walid phares live to tell you if america is less safe for 30 oil and how iran is holding the leash right now for our market. That start the cou
Its called the stack. Thats the way the stack works. There it is. Look at that. I see whats going on. The yen is weaker. The first time in eight days. You just have to laugh. All these Central Banks trying to hard to intervene. Japan desperately every time the central bank of japan does something, their currency gets stronger, not weaker. Instead of these half measur measures, why dont they pay junk bond yields to people to borrow money . Give them 13 , 14 . How negative can rates go . Can they go to why not inject money directly into peoples accounts . Just pour it in there. I like that. Much more effective at this point. You saw germany. The average yield is now zero. On friday it was 0. 01. They lost that now. Across the board, its zero. Whats the record for now negative . I dont know. You cant get 5 negative, can you . I dont see why not. Its not working though. This is what makes me laugh. Front page, lew urges imf regulators to get tough. Give me a break. Its ironic. Arent you st
Story. When i woke up this morning, nobody was thinking about wives and other things. When you hear a hijacking story and an explosive belt, you immediately jump to the terrorism activity. This one sounds a little different. First of all, hes actually released most of the hostages. Usually dont hear its about a woman. Its about reuniting with his exwife. Thats what this is. Its, i guess, different than if he was im just saying, a very different opinion. Its not fun. He wants to reunite with his wife. I could maybe see the other situation. He wanted to leave, get me out of here. The Egyptian Ministry of Foreign Affairs told the guardian this morning hes not a terrorist, hes an idiot. Terrorists are crazy, bus they arent stupid. This guy is. Im sorry. Its not funny. No, but its so that was a quote. That was a quote. Hes not a terrorist, hes an idiot. Thats what apparently the Egyptian Ministry of foreignguas morning. Again, there are some hostages still being held. Hopefully we can recei