The way up into these numbers. I think well start to see some of the numbers actually come back into these financials theyve lagged, they havent performed. They had that great run after the president was elected and theyve basically poaused. I think its ready to finally start to break to the upside weve seen the kind of option activity that tells us right now, its not just the individual names, the entire xlf. People come in there and buying huge numbers there, looking for more upside. And it doesnt headquarter that yield curve have been cooperating so far this week in just the past week, were up about 0. 1 on the tenyear yield curve. But its not even just about where rates are going with the financial names that were in. Theres so many other reasons to own these big banks, and especially with ccar coming later on today, its a situation where youre going to start to see some of those buybacks potentially coming back. You already heard yellen talk about the strength of the banks already
Level since july, and on some levels the british pound falling to its lowest level against the dollar in decades. Could this Dollar Strength ultimately be bad for u. S. Stocks . Kate moore, what do you think . One of the things we were excited about in the second half of 2016 was the lack of the headwind from a much stronger dollar, and here we are getting a little bit of appreciation. I would note that the trade weighted dollar, not just the dxy index, actually still significantly weaker than at the beginning of this year. I think speculators got turned the wrong way. From a positioning standpoint, i think everyone is getting back to what their thesis was. I do think ultimately it could be problematic. It could be problematic in a couple of areas. You would like to see a cheaper dollar. The rate of the increase is also problematic. Then lastly, whats the impact on emerging market currencies which well see outflows and well not well have a deappreciative affect on their currency. Dont
Below expectations. Investors betting it will keep the fed on the sidelines a bit longer. Doc what do you do with this jobs report and day and what could or not happen in a few week sit is important what happens in a few weeks. Not important until today and what happens in a few weeks. Get more data, sales and that that could be something that could cause again, data point after data point after data parton rather than just a single point. You dont think theyre going in september . No. I think they should but signs theyre not going to go based on what youve seen in the past. A buyer of stocks . Buyers of stocks today. Well talk about them. Yeah a modest jobs report. Not the catalyst for something that drives the fed at all. If it would have been 200 it wouldnt have been either. What do you make of this year . The financials have been one of the trades to be on in hopes, thoughts, expectations, that rates were going to rise subpoena that trade derailed . It doesnt appear so. The reversa
And flue from the border. My heart just sunk and i felt like someone ripped it apart. Suspended u. S. Olympics swimmer ryan lock tee runs into drama on the dance floor during his debut on dancing with the stars. Nichole a lot has happened since you went to bed. Were following it for you this morning. Im Nichole Vrsansky in for brian duffy this morning. Tia im tia ewing. Some crisp morning air, but not as bad as yesterday. By this afternoon it will warm up quite a bit. Meteorologist Samantha Roberts has been monitoring the forecast and has a look for you this morning. Hey, sam. Samantha good morning, and good morning it youre just rolling out of bed. Its 6 01 and 56 degrees in cleveland. It feels awesome outside, but notice we have that southsoutheast wind, so that 58 akron canton. I hope your day is off to a great start as well. In the world of weather we have absolutely no problems today. This is one of those great fall days. I moved here about a year ago. I think last week was my yea