Lets talk to the investment pros. Chris. Core portfolio. Regina is back with us. Nice to have you back. Susan our Small Business expert. Hilary kramer a g capital. And matt mccaul. Lets do it. Lets dig into this market. Now, maybe just maybe it looks like again the market may have dodged a bullet. Heres the question one of the old axioms, sell in may and go away. Matt every time the market subpoena steve is not on. Charles hes been sick. Matt im not buying into the old adage. Its too easy to sell in may. If you look back 100 years, it does make sense. Recently, it doesnt work well. Were in the tightest trading range so far. The economic numbers this morning, i dont see anything that will break us big to the upside and downside. Manufacturing was absolutely terrible. Consumer confidence was second best weve seen in nine years. Were going back and forth that continues for short period of time. Charles it feels almost like a coiled spring. Were not used to sideways markets. It feels like
Strong rally today. We punched through the previous high on the s p, as you mentioned, up 1850, and we continue to make gains. Bob pisani is with me. This is health care, energy and then some. Thats right. Its really across the board rally. People keep writing in, why are we up 200 points. The answer is theres no fundamental reason why we would be up 200 points. Its a technical rally. Put up the s p 500. We started hitting intraday historic highs on the dow right after the open about 9 45. 1848 was the old closing high. You got to 1850. You see the move jump up right after the open. Thats a technical move as we hit new highs, people started covering, volume picked up. You look at certain groups by the spdr, where a lot of activity is. Thats the way it is. Heres the midcap. Across the board, we are at new highs. Lets not quibble at a few points. Even the russell 2,000 just shy of a new high. I think 1182 is probably the closing high on the russell. Were close enough. You mentioned the s
We have a lot to talk about. As we wrap up this week. We had so many days apart that we lost our group. We need to get our synchronization back. We will start with the news feed. This is the top is the stories around the world. Eddie lambert is spinning off lands end. He has been selling off sears shares. End has been called the jewel in their crown. It does not make much money. They made 1. 6 billion last year. Another struggling retailer, j. C. Penney says the sec has asked for information about its finances. Septemberrk sales in and is attempting to turn around shareholders. By 30 eighthares percent. And it is the latest escalation and holiday shopping. Kohls Department Stores will keep their stores open for 100 hours straight from december 20 until christmas eve. They operate almost 1200 stores nationwide. I hope you are not there. Hopefully you will be wrapped up by then. We have a report on jobs. According to the jobs report out a few minutes ago, unemployment dropped to a fiveye
Reporter its packed inside the east room and everyone is here. Weve seep some people already take their seats but most of them are going to make the procession in just a few minutes and we are talking about superstars. You cant believe the number of press and people and guests the excitement is palpable. S Ellen Degeneres is being honored. She couldnt make it into the white house because she didnt have her i. D. So she tweeted out a photo waiting until somebody gotten a i. D. And she was able to come in. But security as you can imagine is pretty tight, it always is here at the white house. But then she went back to the Reception Room and did a mannequin challenge with all the other honorees and they posted that on twitter so you can imagine theres a lot of fun people are having. But weve philanthropists bill and melinda gaits, sici ze cecily tyson, Kareem Abduljabbar, Michael Jordan. Then we saw snl creator Lorne Michaels who was here. Well try to get a question to see how hes feeling
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