Summertime. You have the lowest end of year target of the big firms on the street. Why . I do. Yeah. We have been pretty bullish for the last several years now since 2012, we have been pretty positive on the market. This is the first year where we are really seeing signs of things to worry about. Heres the framework. I feel like every time i look at updated charts theres a lot of signals that are at levels that have only happened prior to big market selloffs. For example, if you look at the distress ratio, a credit indicator we track, its at levels we havent seen without significant downside to stocks coming. When you look at percentage of companies forecasting negative earnings, thats at a level again thats never been seen without a bear market accompanying it. So lots of signals make me worry. Then on top of that, we are heading into a seasonally weak period, may to october is generally the weakest period for equity market returns and then you take that seasonal weakness, add on the
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
Closer to 31. Parts of south jersey, near Burlington County, also the southern parts of camden, Gloucester County temperatures dropping down to freezing for indian mills, also down to 32 degrees in hammenton and millville. So again, frost will be likely into monday morning, so this is going to affect us saturday night and sunday night. So a cold weekend ahead. We have a freeze watch thats going to be in effect for all the areas here highlighted in purple. We also have frost possible for philadelphia, although theres not a frost advisory just yet. And again, this freeze watch is going to affect the Lehigh Valley, the poconos, into parts of south jersey. Thats going to go into effect overnight saturday and sunday. Our temperatures tonight are still pretty mild right now in the 60s. As we head into this evening, well drop down into the mid 40s for philadelphia, overnight lows into the 30s to the north and west. Currently mainly in the 50s and 60s, 63 degrees in philadelphia, 64 in Atlanti
Did rise 28,000 and europe remains in another tight premarket range today. Our road map with another tough day in retail. Challenges continue at sears and best buy. Both brands declare a bare market Consumer Electronics. Apple the new weather. And internet ipo jd. Com pr e prices in the range. What it means for alibaba, the market, feature of ecommerce. Can we maintain yesterdays rally. Positive data from china but claims elevated. And one very steamed darden investor, starboard, launches a fight for the entire board of directors at darden, all of it or much boiling down to the sale of re red lobster announced last week. Best buy first up reporting better than expected operating profits of 33 cents a share in the First Quarter. Revenue and comp sales did miss. The company says it expects to see ongoing industrywide sales declines in many Consumer Electronics categories. Sears posting weaker sales, First Quarter losses came in wider than expected. The best buy story, though, is marginal
Was when we have the last gas prices this high. Lots of snow, but also lots of profits. Talking about the Weather Channel and direct tv and what happens if you decide not to watch the Weather Channel when the weather is the super bowl. Does this winter storm have a name . Janis. Janis . I heard that by watching the Weather Channel. I think we should let our guest host name it. We will do that, but first i want to get to the earnings, here. We have a fresh batch of earnings this morning from Corporate America and julie hyman. A big movementg in the shares this morning after a disappointing earnings report. Ofexpected to see a lot disappointments in retail. This is not a huge surprise here. Coaches one of those retailers who gave fewer discounts. Those were the big themes of the holiday season, so it did take a toll. Dropping, people basically shopping other places where they could get better deals. Seemed like that happened at north american comparablestore sales. A huge drop. We will d