For this earnings season well see if she has what it takes to convince the other traders to buy but firs, we start off with the records now closing at a record high, but the real move came from an unlikely space retail yeah, you heard that right the xlt searching, more than 2 , posting its best day of the year just when we thought it was lights out, target ups guidance push iing that stock to a one month high j. C. Penny, kohls, macys, all up 4 or more. Is this a retail renaissance thats for real . Karen . It might be for real. I dont think the bounce is over it has been down, down, down for months and months and months to have one great day, i dont think that means the party is over you had parties moving a lot. Gap up 6 on the target news, thats just people saying the short trade is over for now. Some of these have just gotten redick louse there is some value there. Im long foot locker. It hasnt traded at this valuation in years is this sustain bable or just something theyre talk iin
Home, and so techs and fpgss are leading the way. Josh brown, time to be more bullish about the market despite the headwinds that are perceived to be out there . Well, i are will say this, if you are into the confirmation bias, you are getting it right now, because the tone seems to have shifted almost overnight, and we are challenging the old high going back to may and june of 2015. I dont know if this is the time that we punch through, but we have been here before several time, and this is where we continue to fail. If we were to break through at this the point, and do it with the breadth that we have right now, which is very good, you will have all of the confirmation bias that you want. And we have dow, and s, and p and russell and nasdaq above the 200 days, and the technicals lining up, but yet, you are skeptical of it, and what are you saying . Well, the market is caught on the technicals and the weak upside, and you have a dovish fed, and the dollar showing some stabilization ye
As some of you heard me say, some guest my have to depart earlier. Chairman walden is here, and rob simms. This is chairman waldens fourth visit and thank you for coming back and bringing mr. Simms with you. I will talk about representative waldens family coming by wagon train in 1845 in order to get as many questions. That is it for the biographical portion and now to the ground rules. We are on the record, no live bloging, tweeting, no filing of any kind while the breck breakfast is underway to give us time to listen to the guest. It is likely we will beending well before the 9 30 usual stop time. To help you resist the selfie urge we will email pictures to the reporters after the breakfast. If you would like to ask a question do the traditional thing and send a subtle, nonthreatening signal and i will call on one and all in the time we have available. We will start with letting the guests make opening comments and set the stage and go to questions after that. Thank you for coming. A
Its legitimate but what i tell you is we are always look in the rearview mirror. The snapshot in time shows are members in strong shape and voters in the district Hillary Clinton worse off than donald trump. What happens between now and november we are going to be watching and adjusting. Will go next to washington examiner. Mr. Chairman you touched on the rnc and the job they are doing on the ground in various swing states in different areas but there has been a lot of talk about the Trump Campaign and how they are forced to pick up the slack in many ways operationally speaking with the ground game and the Trump Campaign how would the rnc basically served in the Trump Campaign congressionally when it comes to resources and money . So again Reince Priebus has done a great job. Started early address the issues started early, addressed the that needed to be addressed at the rnc going back several years. In terms of funding compare that to the dnc. One is done really well and one is broke.
How we get there and the speed and trajectory, that is where the confusion is now. Officials are talking about the possibility of a rate hike. Richard clarida will be here to help us break it all down. After a dramatic week, the dollar index is still slightly higher but a threeweek low. Own, and nomc job one knows what they are talking about, futures negative the dax is down 6 10 of 1 . The ftse 100 down one third of 1 . The bloomberg dollar index up about one half of 1 . You are seeing this more acutely against the commodity commodities currencies. Far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. On the back of dollar strength, some crude weakness, the dollar index down by 6 10 of 1 . Yields creeping higher on the belly of the curve of treasuries , up 2 10 of 1 . A lot to discuss so far this week, a Big Conversation over the fomc pivoting forward to the speech that friday. Alix who is going to want to take big positions ahead of Janet Yellen