Meeting with, and of course better known as the new nafta. And the s and p and the nasdaq hitting new highs. Lets bring in our investment committee. Joe, stephanie and john, marg reet reed, union bank private bank, and rob of ubs private wealth management. So stocks, joe, pushing to new highs. Youve got the president who is probably going to tout a strong economy, high gdp, low unemployment is he going to give the market another leg up i think you and i used the phrase coiled spring here we are, we are springing higher, with very good reason. I think when youre looking at the steepening of the yield curve, the uninversion, if i could create a word, the uninversion of the yield curve, theres been a significant rebound in yields. And then earnings, and steph talks about earnings all the time eps gross was expected to be negative, 3 to 4 we came in down only 1 . So i think there is a lot to present a very fertile environment for the capital markets. Every asset class is higher. Where is t
Continues to rationalize the data in absence of positive inflation what is seen as good news but there really has been an avalanche of bad news but ambrosia for market bulls. It seems contradict at this. Well get right to it with alli mccartney and Adam Kobeissi on deck. Forget about earnings season, folks, if you want to see stocks take off, Pay Attention to conferences that calendar is filling up. Well talk about the ones that might move the most. Wall street legend jim grant on the path of fed moving forward, why he says the chance of rise in Interest Rates the next 12 months is higher than the market is expected. My take on the replacement theory that no one seems to be concerned about. All that and so much more on making money. So, the floodgates have opened, right. You know the story, open sesame, the door opens, closest is a me, what did he see . There it was all around a heaps of sparkling jewels and piles of gold. You know i thought about alibaba in that line when i was thinki
Made on thursday. Welcome to daybreak asia. Im paul allen. Im betty liu in new york. Story in thejor markets. In the very early morning, leading up to the meeting and digesting everything janet yellen was saying. He bump up in growth. This forecast and Economic Growth here. The job market is still continuing to kind of slug along percenting that three forecast for 2018. A lot of scratching the heads as well. We have strong broad jobs growth. And theres Janet Yellens legacy to think about as well. I have a wonderful piece of trivia for you here. Finalll have the lowest Unemployment Rate of any fed chair since William Martin of 1970. We can have a newfound knowledge of said history. Fed history. I found that out from someone else, by the way. Weve been trading for a couple hours now. Slightly weaker, up. 2 , the kiwi dollar breaking above . 70. Trading in australia just getting underway. It is difficult to get a gauge on how the asx is performing because we have the staggered open here.