A bearish cycle for the Worlds Largest cryptocurrency weve got a lot to get to on a very busy day so lets get started. And we begin with fears that in fact there will be no phase one trade agreement between the u. S. And china at least not this year and those fears are translating into lower economic forecasts for not just the u. S. And china but really for Global Economic growth the organization for Economic Cooperation and development said on thursday that the Global Economy is now at risk of settling into a quote low growth rut the o. E. C. D. Has now lowered its forecast for Global Economic growth in 2020 to 2. 9 percent from the 3 percent expected in september meanwhile the c. E. O. Said thursday that members of the g 20 continue to impose restrictions on imports in the 6 months through october with new measures affecting 460400000000. 00 in goods kristie as we do each day lets talk about this because 1st of all as we mentioned on wednesday right there is talk to. This phase one d
Somehow we didnt get with some tit title wave of selling including me i thought it would be bad the sure of congress or trumps tweets, that often seem out of step with folks like washington, jefferson, lincoln today three of our more president ial president s. Here we are after one more whole hum day after we hit multi entry level highs. Nasdaq tacking on, its worth noting we did make it out of here unscaved. Why . Why was i so concerned because historically septembers the worst year for the market. Since 1928 the s p had climbed to 1. 14 since september this year up 1. 1 . Septembers different, its a month i feared every since i got in the business, thats because of the not because of the big picture in history but from my personal history when you run a Hedge Fund Like i do, discipline says you should sell everything, lock in your performance, lock in the term and only day trade for the rest of the year. I did it many times in my hedge fund that always breeds automatic selling. If yo
Today. An accounting issues. Well have the latest details and what it means for the future coming up. Also, etna following uniteds lead and announcing plans to pull out of most of the Obamacare Exchanges this its involved in next year. And will that lead to big price increases now that theres less price competition at those exchanges . Well hear from the ceo of a major insurer whos doing pretty well in obamacare. Thats coming up here. And financials have really missed out on the recent record rally but is now the time to bet on the banks . With more hints the fed may raise rates again. Oh, by the way, a big move by an investor into one of the banks. Well hear from both sides of the debate coming up. A lot to get to. Lets begin with the markets pulling back from yesterdays trifectas. We put it. Closing the Closing Bell Exchange today, Michael Robinson of money morning. Com, ben willis of princeton securities and rick santelli, if its tuesday ric t rickster is back again. Hey, ben, so bi
Higher and how many, a lot, are lower now. At least theres some green there you take a look across the dow, pretty much everything in the red. A look across all the indexes, with that russell 2,000 thrown in as well, having another day, off more than 1 . The nasdaq, the underperformer, apple today could be playing into that, down 3 1 2 as some concerns about the new phones, the new operating system continue to swirl. Lets figure out why its all happening. By the way, the 10year note, there it is down to 251. Yes. Key levels here, got levels on the equities, also got levels on the ten year to watch carefully. You see there, Closing Bell Exchange under way, peter anderson, doug kote, heather hughes, peter costa and rick santelli. Peter costa whats the bounz the florida . Why the selloff, whats going on . Theres a list or a plethora of bad news. This is more like a bowl ya base of bad news. This is a possibility of having the Interest Rates go up earlier than expected. Up . Yeah i have be