We did not get the turnaround in rates. It seems banks do lose. Taylor, what are you watching . Pmi. Ese services , it chart, the white line continues to fall into contraction territory. Manufacturing still looking. Etter the equity market is turning around a little bit. Real estate and white, utilities and yellow, 20 going back over a year. There remains some skittishness in the market. Taylor . Ishareswatching the msci momentum etf. Straight daysur of outflows, the worst week of the year. You have to take into account that much of this number comes from that large spike lower the came on tuesday, and outflow worth more than 300 million, the largest outflow of the year. If you dont include the rebalance, you might be tempted to say this goes to that rotation we sought last month, momentum and value, people leaving momentum. If you look at the holdings of fit into it does not that category of momentum, those saying momentum had become utilities, real estate, staples. If you look at the
Globally and the prospect of her weakness overseas coming a drag on the us economy. Doesnt work that way . It certainly does. At the world is catching the ammonia, at best we are going to catch the sniffles if something not a little bit worse. The fact remains gdp growth will still be positive next year, probably in the ballpark of 1. 3 or 1. 4 . Assuming we get a trade deal i think youll see acceleration earnings to mid single digits. A lot of Business Owners we talked to say their decisions have been put on hold until he understand where the goal posts are, which keep on moving. Once a understand exactly what theyre dealing with with respect to trade, i think they loosen their purse strings. I think we can extend the Economic Cycle longer. What you make about the dollar move today, we saw treasury selling, we saw stock trailing, risk and day. But really substantial gains for the bloomberg dollar index. Its pretty weird. If you look at s p 500, biggest game biggest gain since march. I
Both sides claiming progress joining us for the entire hour, Karen Finerman, ceo of metropolitan capital welcome. Thanks for having me. This looks like a strong way to end what has been a strong week for stocks. What stood out to you in the rally . To me its the volatility that stands out to me. Volatility both up and down. Im always long bias, no matter what, which is a blessing and a curse. To me this is a scary time i think im a little more in cash than i would be and desk y definitely more protected. I want to be more hedged. So youve been buying puts . Yes over the last week i think the volatility i think it doesnt fully reflect the volatility that is out there, the tweet that could come at any moment. Why do you say its a scary time to me trade is really the issue here, not the fed. I think what keeps cfos up at night is not are we going to get 25, are we going to get 50 its what does our supply chain need to look like, how much can we pass on, how much do we need to absorb. Thos
Listening to chris hogan and yak is so mart so thats momma mcdowell summary of the panel. Futures are pointing higher this morning as earning season really pix up steam. Dow components United Technology travelers cocacola and visa all report Quarterly Results today along with Lockheed Martin and snapchat. 17 of the s p 500 have reported Second Quarter results 77 beating their earnings per share. Jackie what are you watching this morning in terms of the big movers here . Well overall were seeing good fir for earnings and thats when investors cared about going into this earning season. Youre seeing companies that are beating on ets and not hearing commentary oh we have problems in china thats what everyone was looking for. And youre also not seeing anybody really give any cuts on guidance Going Forward as well. And this was really important to support the rally that were seeing in the markets so thats investors know it is not all fed driven, of course, this week is going to be a really b
Ever so slightly, he can see the dow up 12, the s p downtown, the nasdaq down two tenths, Global Growth underway as chinas property evergreen files bankruptcy protection in a manhattan courtroom, shares of chinese cavities are feeling the heat seen declines across the board ecommerce giant ali baba njd. Com among those moving much slower today as well as ev maker nio, kneel down down 7 , at this hour next friday we will get a better sense of what the fed is thinking as fed chair jay powell will be speaking at the jackson hole central bankers conference a week from today. Many are hoping to glean more information on the fed forward and whether or not they will keep the rates higher for longer. That is the fear. In a rare move Cybersecurity Firm Palo Alto Networks is reporting after the close of markets today, the stock is up 1 , could a friday afternoon Earnings Report be an omnibus sign for palo alto yet market, there has been a lot of speculation we will find out soon enough lets get