Really waiting for tomorrow and the ecbs latest decision. In the meantime, the dow little changed, just up 1 10 of 1 . Energy and technology are the two groups leading gains, as you will see from the bloomberg. In telecoms. A little change in Consumer Discretionary. Energy amtech are the two groups that have consistently been doing energy and tech are the two groups that have consistently been doing well today. Financials thats a group weve been talking a lot about, this seven Year Anniversary of the bull market. Its worth mentioning what has happened to the financials, not just during the bull market, but even before the bull market. Take a look at this chart that compares the financials performance with the broader s p 500 going all the way back to 2007. We have seen the s p 500 make new records. That happened last year. The financials have had trouble sort of getting there. They have lagged. They have helped lead during this bull market, if you date it to below 2009. But if you go b
Inflation revised upwards. That makes the jobs of Central Banks around the world a little bit easier. We also have the iaea saying that the oil markets are rebalancing. The and across to atlanta, same idea as what you saw with eurozone inflation. A better feel moving from a lousy 0. 1 up to 0. 3 . A a lot of things, a sigh of relief. You could even dovetail back to Jpmorgan Earnings yesterday. Francine you can. Its crazy. Were of plotting 0 inflation. Better than we have had, right . Thats the brave new world. Lets get straight to the bloomberg first world nesws. Nejra ukraines speaker has been approved as the next prime minister. Poroshenko petro will take charge amid a volatile environment. Key Administration Officials have quit and the imf has halted a 17. 5 billion bailout. In south korea, the ruling party in yesterdays parliamentary election. It derail the economic reform plan. Preelection polls showed it extending its hold. Censors removed and anonymous posting on the chinese new
Money trade as it relates to energy, and the oil bottoming, and the u. S. Dollar, and that has ended. I would take the chips that one might have and a materials, energy, lower dow type of trades and move them elsewhere. Myself, i bought some puts in the xle, and the xlb in the last couple of days. You sold all of the holdings on friday . Yes, and i told friends that i had in energy names to do the same. And i truly believe it is the dynamic as it relates to the currency, and steve has often talked about what has changed fundamentally as it relates to oil, and not very much. It is a currency story, and the reversal to dday is power nfl t u. S. Tlar where it was this morning and where it is right now, and that trade is now past for 2016. You sis the other side of it . No, i tend to be with joe. And we have been talk about the dollar for how long on the desk, and talking about this, and the energy and how we have been correlated with the market and that has not broken. People have come on
Leader of the Worlds Largest economy and the second largest emitter to say that the United States of america not only recognizes our role in creating this problem, we embrace our responsibility to do something about it. Reporter obama prefer as strategy that will allow all countries to reduce the burden. Progress paves the way for regularly updated targets. Targets that are not set for each of us but by each of us. Taking into account the differences each nation faces. Here in paris, lets agree to a strong system of transparency that gives each of us the confidence that all of us are meeting our commitments. The leader of the worlds second largest emitter of Greenhouse Gasses was not the only one to adopt an ambitious stance. Reporter we have confidence and resolve our commitment. The philippines, bangladesh and costa rica held talks on the sidelines of the conference. They say their countries are already affected by extreme weather such as powerful typhoons. And theyre urging the rest
Leader of the Worlds Largest economy and the second largest emitter to say that the United States of america not only recognizes our role in creating this problem, we embrace our responsibility to do something about it. Reporter obama prefer as strategy that will allow all countries to reduce the burden. Progress paves the way for regularly updated targets. Targets that are not set for each of us but by each of us. Taking into account the differences each nation faces. Here in paris, lets agree to a strong system of transparency that gives each of us the confidence that all of us are meeting our commitments. The leader of the worlds second largest emitter of Greenhouse Gasses was not the only one to adopt an ambitious stance. Reporter we have confidence and resolve our commitment. The philippines, bangladesh and costa rica held talks on the sidelines of the conference. They say their countries are already affected by extreme weather such as powerful typhoons. And theyre urging the rest