Were unusually quiet, with the average moving a fraction of a percent. Volume at yeartodate lows. Is this the ultimate bull bear showdown ahead of the jobs report tomorrow . Is this the calm before the storm . Guy . I say absolutely yes. I think weve been pretty consistent with this. I think the markets going to continue to rally. I think it rallies tomorrow regardless of whatever number comes out at 8 30. I do think theres a chance we touch 20, 25. I think were going to fail there. A couple of interesting things here. Exxon mobile down on today. Crude is now shrugging off potentially bad news going higher. I think the obx is going to have one of those days that it had a couple of weeks ago. This time opening on the lows. Closing on the highs. That coincides with the s p at 20, 25. In this showdown, the bulls are the temporary at least winner in your view. Theyve been a winner, yeah. Yeah. Definitely the winner right now. I think going forward, right now people are just tremendously fe
Ownership, its coming down to just one number. Well tell what you it is and what it means. Lets check in with sara at the nyse. High, sara. Good afternoon. Hard to believe just two more months remaining until 2015 is done. Just about 50 trading days left in the year. Are we setting up for presents under the tree or coal in our stockin stockings . Dominic chu is taking a closer look at that question. Dom . Sara, how many times have we talked about seasonality in the markets over our years together here. But lets take a look at this, everyone talks about the santa claus rally and the seasonably strong Fourth Quarter for stocks. Well, lets take a look. Our data partners at kensho crunched the numbers and for the last two months of any year over the last ten years, so november to december returns, the s p is up on average over 1. 5 . The dow the same, and theyve both been positive in 8 of the last 10 instances. A decentsized gain although some would point out because of the strong gains we
Like caterpillar, ibm and walmart. Check out gopro, twitter and 3d systems catching the bid here. Is this the dash for trash. Do you buy the trashing names into the end of the year. Guy, what do you say. This is a quick trade. Whole foods markets up huge. Abercrombie and fitch off a huge move up again today. So is there still room on the upside . Probably yeah, because the shorts are still covering and people absolutely chase. But these names have been beaten up for a reason. And the cream rises to the top and the opposite is true as well. They will come back to earth. Specifically ibm. I think abercrombie and fitch is getting toward levels you want to pull the rip cord as well. And you cant fade this. Because day like tomorrow, light volume, buyers typically have their way, they will have their way tomorrow. It was light volume today. You pointed out that, dan. Low volume. Since the day after thanksgiving. We know the market or stocks had pressure, poorly performing in this month. And
7 sell off in oil was too much and things fell apart in the afternoon. The drop improved after a few days of stabilization reignited growth concerns. The Federal Reserve begins a two day meeting tomorrow. While no Interest Rate move is expected, the feds view and tone on the economy will be key. There is also a lot of data for investors to pour over this week as well as about quarter of the s p 500 Companies Reporting their earnings. The dow fell 215 points. The nasdaq dropped 72 and the s p was off 29. Shares of caterpillar was one of the biggest drags after Goldman Sachs downgraded to sell to neutral. Shares of caterpillar were down 5 on the day. On the flip side, mcdonalds was one of the best performers after they saw global sales surge 5 and domestic sales did even better up nearly 6 . The big catalyst, all daybreak fast. Shares gave back a lot of early gains as the overall market sold off but still managed to sell higher. Jane has more. I saw a new billboard driving in this mornin
And things fell apart in the afternoon. The drop improved after a few days of stabilization reignited growth concerns. The Federal Reserve begins a two day meeting tomorrow. While no Interest Rate move is expected, the feds view and tone on the economy will be key. There is also a lot of data for investors to pour over this week as well as about quarter of the s p 500 Companies Reporting their earnings. The dow fell 215 points. The nasdaq dropped 72 and the s p was off 29. Shares of caterpillar was one of the biggest drags after Goldman Sachs downgraded to sell to neutral. Shares of caterpillar were down 5 on the day. On the flip side, mcdonalds was one of the best performers after they saw global sales surge 5 and domestic sales did even better up nearly 6 . The big catalyst, all daybreak fast. Shares gave back a lot of early gains as the overall market sold off but still managed to sell higher. Jane has more. I saw a new billboard driving in this morning that said actions speak loude