Jack welcome to barrons roundtable where we get behind the headlines ever. For the week ahead i am jack otter. Coming up key data on the resilience of u. S. Economy as investors look ahead to the fed meeting and thirdquarter earnings all asked treasury partner Richard Saperstein on what stocks he is by now. It is now the time to buy bonds, yields looked tasty, the ten year treasury hitting a 16 year high of fiv 5 earlier this year expert panel will tell you how to play it. The transition to electric cars is not going so smoothly for some of detroits biggest automakers, we began with three things investors to be thinking about right now. Stocks sank by 1 as big tech earnings failed to impress, investors are now looking toward the fed wednesday meeting where its expected to hold rates steady. The second big oil merger of october is underway, chevron announcing it all by hess less than two weeks with axons deal with pioneer natural resources, should you add more energy to your portfolio.
Jack welcome to barrons roundtable where we get behind the headlines ever. For the week ahead i am jack otter. Coming up key data on the resilience of u. S. Economy as investors look ahead to the fed meeting and thirdquarter earnings all asked treasury partner Richard Saperstein on what stocks he is by now. It is now the time to buy bonds, yields looked tasty, the ten year treasury hitting a 16 year high of f 5 earlier this year r expert panel will tell you how to play it. The transition to electric cars is not going so smoothly for some of detroits biggest automakers, we began with three things investors to be thinking about right now. Stocks sank by 1 as big tech earnings failed to impress, investors are now looking toward the fed wednesday meeting where its expected to hold rates steady. The second big oil merger of october is underway, chevron announcing it all by hess less than two weeks with axons deal with pioneer natural resources, should you add more energy to your portfolio.
We start with the equity markets which is moving higher as the fed meets to decide whether or not to begin raising rates. Lets look at the numbers with the dow, the nasdaq and the s p. The nasdaq and the s p are now tracking for their second consecutive week of gains. Something that neither has done in nearly three months. But, ty, the real action here is in the oil market this hour with oil soaring. Wti crude up by 5. 3 . It could still be the biggest daily gain since august 31st when wti jumped nearly 9 . Brent crude, and weve been talking about the spread there narrowing, havent we, ty . But its up by 4 as well. Jack Jackie Deangelis is joining us from the nymex. Lots of people bringing lots of reasons to the table as to why we took off. You tell us what youre hearing. I have three main reasons that were moving higher, a spike like this today, 5. 5 . The first is that bullish eia report. A drawdown in inventories. Cushing down nearly 2 Million Barrels. Refinery runs are going up, an
Number because this is the friday between the holidays. So you get that volatility. You should be in the heart of the santa claus rally. Maybe its going to the north pole . Maybe it is. While wall street hoverers near record highs, main street is pessimistic. Survey finding 68 of americans believe the economy is in poor shape. Whos got it right here . Wall street . Main street . Well hear from both sides. Im fascinated by that disconnect. The stock market definitely saying one thing and main street surveys telling us a very different story. Whos right or could they both be right . Right. Or what does that tell you about the world that we live in right now . Talk about that coming up. Heres how we stand right now though. The dow has been flirting with the unchanged level all afternoon. Were down five points. But its like the weather in denver. If you dont like it now just wait 30 minutes. It could change. Well see what happens here as we head toward the close. Any positive close will be
PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Free Report) announced a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.051 per share by the investment management company on Monday, July 1st. This represents a $0.61 annualized dividend and a […]