Friday, an incredibly strong job market and an economy. Maria bingo. Dagen i want to point out, there was a Consumer Sentiment report that came out from the university of michigan on friday, seven month high on Consumer Sentiment. Virtually none of the respondents, zero, or 1 of the respondents mentioned impeachment. You have wages that are growing in the november report for production and nonsupervisory workers, the growth in wages was near a post recession high, up 3. 7 . Thats higher than the overall growth rate of 3 . What does that mean . It means that income inequality is shrinking in this country. Thats what people feel. Thats what if anybody you talk to, theyre not talking about impeachment, theyre not talking about oh, what did trump say and wringing their hands about that. They know they can get a better job, they know they can get higher wages. Maria thats absolutely right. Dagen theres safety and security in their finances. Thats what matters. Maria incomeen equality, ive b
The big week for the bulls technique up 2 . Transports up more than that the semis, soaring the stocks to snap up right now. Time to take on. Why investors are checking into delta and American Airlines. Its our call of the day. The Investment Committee is ready to go, the Halftime Report starts right now and it certainly is good to have you with us on this friday. Our investment comphoot is steven rice, jon neg jarron, Jim Lebenthal and megan. Thank you we begin with the markets, all 11 sectors, 100 there in the green for the week four of them including technology up about 2 transports and some of the chip names, guys, soaring and doing very, very well. Joe terranova, we talked about it yesterday are you surprised by how strong the market has been this week . Where did this market scum after an august to forget . I wouldnt characterize it as an incredibly strong market. I think its a market that finally has broken out of a consolidation range when youre talking about equity postPreside
Where the stock goes from here the Investment Committee is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this thursday our Investment Committee at the table, joe terranova, steve weiss, the najarian is here, megan chu with Wilmington Trust and also with us our senior economics reporter steve liesman. We begin, where else, where the story is stocks following the worst day of the year. Big concerns that the trade war is threatening to push the u. S. Economy over the edge so weve got 60 of the s p, a little more than that in correction territory. Thats 306 out of 505. What should you do in the market today . Today you should do nothing. What are you doing . Im looking to sell further on strength, and heres why. I think the situation continues to worsen and the goal line continues to be pushed out a lot of people took comfort in monday when the president tweeted about delaying some of the traffics some of the tear i was until december i actually tho
Hour look at these large megacap Communication Services and tech stocks for where Shopping List items might be for any buys on the dips with that well send things out to see j man thats going to be a harder objective to achieve, if anything a stronger dollar will become a bigger pain for multinationals sectors like technology, industrials and Consumer Staples that derive in some cases 40 to 50 of their sales overseas. If the dollar continues to strengthen it will make American Products less attractive to customers outside the u. S. , especially in emerging markets where the consumer tends to be more price sensitive it also impacts profitability for these companies when they convert foreign sales back to dollars. Now, a handful of companies in the Consumer Staples space that make everything from shampoo to cereal have outperformed the Broader Market because of the dividend yield they offer. Kimberlyclark with a yield of 3 , General Mills at 3. 6 , but with Central Banks around the world
The lowest since october of 16. Stocks are going to continue to have a tough time as long as yields keep falling the way they are. And it doesnt seem like where are we stopping is the next question . We talked about this up over the 3s started getting toward 3. 25. Now looking at the down side its amazing to see how much pressure that were seeing right now in terms of the yield and how much thats moving to the down side. Volatilities have been spiking we know that we had that pullback but stayed above 20 still trading around the 22. 5 area the markets remain very, very volatile for all the right relationships. When you look at the mix of whats going on. Whether its the tenyear, the trade wars or you talk about any different issue thats going on, the president and some of the commentary, what people think about what larry kudlow might have said yesterday. All of that combined, there is a lot of unease out there right now. No doubt about it. And the only safe places that i can find right