Drowning when the wave actually breaks options action starts now. Lets get right to it its been a rocky road the group transfers out following 3 take a look at some of this weeks worst performers, delta, ryder, norfolk southern. American airlines. Our chart master says this could be the beginning of a bigger branch out ahead just that imagine a recovery in the market transports are down 3 it says a lot about a lot of things a one decade chart doesnt tell you much, most everything is up over the past decade relative performance from the transports to the s p, we are basically, weve undone the entire thing we are back to where we were in 09. That is the issue that is the problem its this persistent and chronic slide. Even as the index, itself, has had advanced all right, take a look at one or two things another what i to look at it more immediate rather than a ratio chart is a comparative chart. So over the past five years, you see the two colors, the two lines. S p here of course, trans
Lays out plan to ride without drowning when the market breaks less. Lets get to it, a rocky road for the trrps as the group closes out a worst week of the year sitting in correction territory. Look at sonl of this weeks worst performers delta, rider, nofrls southern and American Airlines leeting the path lower. Our chart master says this could be the beginning of a bigger breakdown ahead carter, take it away. Just that imagine a recovery in the market and yet transports down 3 says a lot about about a lot of things lets look at a few charts a one decade chart doesnt tell you much most everything is up over the past decked decade but relatively performance to the s p, we are basically undown the entire thing back to where we were in 09 thats the issue, the problem. Its just this persistent and chronic slide, even as the index itself has advanced. Look at one or two things. Another way to look at it, more immediate rather than a ratio chart is a comparative chart the past five years you
Hour of trade, barry knapp back. Certainly the tone feels better. Do you think its fundamental with the trade tensions or some month end rebalancing stuff . I suspect theres a bit of month end rebalancing going on i think its too early to tell whether the Macro Economic fallout from the latest negative Business Confidence shock has what degree of effect its had next weeks ism on tuesday, payrolls on friday, will be much more important bempl marks to see whether were over the hump sort to speak on this i tend to be cautious and not chase the move today. On the big stories that we are watching today, kayla has the story. Josh lipton is tracking tariff concerns for apple kayla . The hope began when chinese officials said there was some Effective Communication of the two countries and it continued this morning when President Trump said in a radio interview theres a conversation scheduled today. I have talked scheduled theres a talk scheduled for today at a different level and yeah, they ha
Trust me, would you be hit no matter how much youre invested. Fed kicking off twoday meeting. The issue isnt whether they will cut but how much they will cut. Consensus is quarter point in Interest Rates you never know. Fbn Lauren Simonetti is with us. 25 point basis cutter is considered bake in the cake. Markets predict 76 chance is the size we get tomorrow. President trump wants more. I would like to see a large cut. I would like to see immediately the quantitative tightening stopped. See the tightening stopped. Stop the quantitate tightening and raising rates was a big mistake. He says they are doing the opposite of quantitative tightening. Theyre easing but injecting money into the economies difficult making it for the u. S. To compete. The u. S. Is with ongoing trade negotiations with china impacted both countries. Take a look at this, the impact for consumers would be marginal. Greg mcbride, bankrate. Com says a cut would reduce the minimum Monthly Payment on 5,000dollar credit c
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be