Usually, but i had to take one i kept reminding you that good things can still happen. Sure enough today we got a confluence of great news that made people want to buy hand over fist. Buy, buy, buy, buy, buy, buy. S p up 1. 3 and the nasdaq pulled 1. 75 hallelujah. What happened what happened . Remember the consensus on wall street we were headed for recession, right well, then we learned that the white house has restarted trade talks with china we got some strong Economic Data terrific jobless claims number wrap it up i should have gotten a bow, wrap up a box and you have all the ingredients for a spectacular rally. So where do we go from here . Isnt that what matters . That was history before i break down my current world view let me give you some anecdotal evidence about where we are or at least where we thought we were until today. Im walking down the street going over to my small mexican place san miguel, you know what im talking about. A very nice neighbor stopped me and said, wi
Good evening, everyone, and welcome. Sue herera is off on this very chilly night in new york. But it was not dramatic and overly stressful. There were record highs along the way but when the bell was rung today and books were closed, winning streaks were snapped on wall street. The dow and s p 500 had their first weekly losses in two months. And the nasdaq posted its first weekly loss in a month and a half. As for today, the dow lost 39 points to fish at 23,422. Nasdaq actually eked out the slimmest of gains and s p dropped two. Dom chu tells what happened this week and what may be next. Stocks can go in value though its been such a long time since weve seen any kind of downside move that many have forgotten that. To be fair, it wasnt like it was a massive panicstricken selloff in stocks. Dow did hit a record high just on tuesday. But its been a slower drift lower since. The dow and s p 500 broke an eightweek winning stream and nasdaq a six week of gains. Meanwhile, financial and Telec
Marketsen futures in the red. Fallout from the Swiss Central Bank move continues with sharp moves in the oil market. Earnings from Goldman Sachs, intel. Goldmans down 2 in premarket. Favorable and selective treatment in luxembourg. Eu lays out its case. Stocks in the midst of a fivesession losing streak. Markets continuing to absorb the surprise move by the Swiss Central Bank. Oil prices on the rise after iea slashes growth forecast for nonopec oil supply by 350,000 barrel as day, adding signs are mounting the tide will turn when it comes to price recovery. Jim, seems like currency brokers will get the lions share of the attention early on. Yeah fxcm the outfit everyones talking about, david, when i was getting made up, have you looks at fxcm i steal your thunder. Yes. You move fast in 25 minutes. When you tell me to look at something, i look at it. Downgraded to underperform. Capital raise critical for solvency. A major focus. What happened with fxcm, well get into it this hour goes o
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