The markets continue to flow with new highs. Anthony are investors ignoring a buzz saw on the horizon . We are joined by Gabriela Santos and dan shaffer. August was a soso month for stocks and september the worst month since 1928. Should investors be more cautious than they are right now . This has been a good few months and its justified by better Economic Data earnings going forward. As we approach september and talk more about an upcoming fed rate hike. We are telling our clients we dont have to be scared of a rate hike. A rate hike would and good thing because it means the economy is solid enough to justify raising rates. Gary anthony mentioned september and august. Can we look back at history where a market is so controlled by the fed, when we think about looking back and thinking ahead . I go back hundreds of years in markets. Put this into 1928. Thats where the Federal Reserve is now. They manipulated the markets during the 20s and it got out of control. In late 1928 and 29 lot
The markets continue to flow with new highs. Anthony are investors ignoring a buzz saw on the horizon . We are joined by Gabriela Santos and dan shaffer. August was a soso month for stocks and september the worst month since 1928. Should investors be more cautious than they are right now . This has been a good few months and its justified by better Economic Data earnings going forward. As we approach september and talk more about an upcoming fed rate hike. We are telling our clients we dont have to be scared of a rate hike. A rate hike would and good thing because it means the economy is solid enough to justify raising rates. Gary anthony mentioned september and august. Can we look back at history where a market is so controlled by the fed, when we think about looking back and thinking ahead . I go back hundreds of years in markets. Put this into 1928. Thats where the Federal Reserve is now. They manipulated the markets during the 20s and it got out of control. In late 1928 and 29 lot
The markets continue to flow with new highs. Anthony are investors ignoring a buzz saw on the horizon . We are joined by Gabriela Santos and dan shaffer. August was a soso month for stocks and september the worst month since 1928. Should investors be more cautious than they are right now . This has been a good few months and its justified by better Economic Data earnings going forward. As we approach september and talk more about an upcoming fed rate hike. We are telling our clients we dont have to be scared of a rate hike. A rate hike would and good thing because it means the economy is solid enough to justify raising rates. Gary anthony mentioned september and august. Can we look back at history where a market is so controlled by the fed, when we think about looking back and thinking ahead . I go back hundreds of years in markets. Put this into 1928. Thats where the Federal Reserve is now. They manipulated the markets during the 20s and it got out of control. In late 1928 and 29 lot
We had estimated a decline of 0. 1 . When you look at Central Banks, it is the specter of disinflation and it looks like mario draghi may have to address this. Euro area economy, we also get gdp figures. It was a little better than estimated. Gdp better than expected in the First Quarter. Vonnie we are not getting much of a Market Reaction yet. Stocks were lower in the first few hours of trading. The cac 40 down about 1. 4 . The euro also not seeing a huge reaction. People haveguess been led to believe that mario draghi will address this, so this would explain the circumstances in the markets. Lets get to the bloomberg first word news. Heres nejra cehic. And opponentsers of british membership in the European Union squared off here in london today. They gathered for the Bloomberg Brexit eight posted by Francine Lacqua. The value is not just in the eu, but around the world through trade deals. It is valuable for jobs, for investment, for the future roster of our country. What they tell u
Options actions begins now. Lets get to it. Stocks were not the only thing up today. The dollar, serging after the bank of japan checked the currency under the bus, but thats bad were a hot group of stock in the u. S. Dan, the strong dollar is a head wind. Think about when the dollar rallied. Started to rally the second half of 2014 when the fed indicated they were going to end qe, and the group hit was Consumer Staples because largely 5060 of the biggest names in the group have exposure overseas. We know that Global Growth is weak, and a lot of emerging markets so think about what happened in the end of qe, we had a huge dollar move, and, you know, Consumer Staples first hit last year, and Procter Gamble traded at 90 at the beginning of the year and down 30 , but something happened last year. Staples caught a bit largely because of the yield that a lot of them have. You know, coke, proctor, have 3. 25 dividend yield and deemed defensive. To me, what happened this week means the dollar