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we re going to see fits and starts trying to get through 20,000 when we eventually do we will pull back and try to make another assault and see if that holds, judge. i think the same pattern that we ve seen playing out until now is going to continue to play out. and that is, buying dips, any significant dip, even friday s dip. if you buy the dip you get a chance to take profits quickly. the vix is still below 12 but they have been buying a ton of vix calls. upside calls, in february though, at about this what s going to happen on friday, guys, but about where is the vix today? . 1170. 1170 we ll call it. let s call it 12. in february as you say, this is trade that we ve just sort of gotten our eyes on. investor have purchased 250,000 vix call options with the strike price of 21. yep. so they re looking at a double on the vix. they bout another 150,000 of those on friday last week. that it don t need it to double. as the vix was coming down. right. b ....
inauguration for 2009. still counselor to the president kellyanne conway stood by spicer s landbasting of the media and his false claims about crowd size. you re saying it s a falsehood and they re giving our press secretary gave alternative facts to that. alternative facts are not facts. they re falsehoods. the chief of staff tried to explain why the administration is keeping up this fight. the point is not the crowd size. the point is that the attacks and the attempt to delegitimize this president. and one day. and we re not going to sit around and take it. and despite his promises to release his tax returns after his audit, the white house says he will not make that information public. donald trump s first week in office will include a face to face with britain s prime minister. theresa may arrives on thursday in the united states. she ll be attending a republican congressional retreat. friday may meets with the president and reports say trump will wor ....
75, 52-week highs, including stocks like alphabet, which we ll hear from later in the week. and including stocks like apple, which of course is in the dow. you take a look. apple gets bad-mouthed a lot. they haven t had the best run over the last several months, but looking at the past month, it s about the fourth best performer on the dow, up better than 4%. it s doing okay today as well and just about at 52-week highs. so despite the headlines about, oh, it s over for apple, you know, whatever, peter i guess can t be right about everything every single day, at least not in terms of apple s moves in the dow. well, there s been so much focus today on materials and infrastructure, but tech is actually the second best performing sector this year, second to materials, but there s this sense in the market from traders that tech is the backbone of any infrastructure building that we could possibly get, perhaps besides roads and highway, and there is a question of which c ....
pausing phase. i do believe it does. i mrs. think 2300 in the s&p p is important. those are the targets for a lot of those on the street. getting to 23 will be good. it is nice and diversified, the rally today. i know financials are leading. it is clearly from a technical standpoint, something that is sustainable for the market. you are 6.5 points away from 20 on the s&p. do you think this is sustainable? sure, why not. we got the election, the trump rally and you kick off earning season. you have jpmorgan and bank of america knocked it out of the park. 52-week highs on virtually almost every single stock. we had a little bit of a pullback and rotation. we are seeing m&e goia going on. i think they are going to get more kicked up as we get closer to the middle part of the year. we are just at the beginning of a rally that could last. do you think that retail is coming in? do you think we have started to see anywhere near the full extent of a rotation from bonds in ....
good tuesday morning. welcome to squawk alley. jon fortt has the morning off. dow is down almost a hundred. almost all of that is gold aman and j&j. the president expected to sign an order today. he ll tour the factory in wisconsin. the order targets loopholes in rules requiring government agencies to buy american. the administration says there are too many waivers in those rules tucked inside the free trade. the move is praised as a smart step. second part of the order deals with immigration directing government agencies to root out immigration fraud and the white house also wants to move away from using a lottery to help decide who gets an h-1b visa. tech ceos have pushed back on this issue. bill gates, elon musk have been discussing this with jared kushner and the message to the president on h-1b, mend it, don t end it. back to you, carl. we ll come back to you for more. today s order will have ripple effects across the economy including some of the biggest tec ....