Sure, but not overly expensive. Are there some risks out there . Of course. The tenyear rate is probably reaching the threshold. Its at a 27month high today. 2. 5. Probably you now have to start worrying about it. The damage has been done so far. Its not turned off the Housing Market, which is the one worry you would have, and if it did turn off the Housing Market, you can bet that the fed would back off the peddle a little bit as far as rate hikes go. They dont want the Housing Market to crater at this point in time. Steve liesman, you got the fed meeting this week. Whats the risk in the red rick th that came out of the fed . They embrace what this market is thinking about the future when it comes to rates and when it comes to inflation. What the fed has told me in interviews leading up to this is, hey theres a risk if they do that, and then you see the fed outlook with higher rate outlook and higher inflation outlook. I feel like were getting to the point where almost everybody wants
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
Its got to give at some point. It does give. That is running out of steam. The dollar rise and the basically the bond selloff. You think thats going to run its course . I do. I think were still going to be anchored to europe, scott, and i think theyre going to be providing an awful lot of stimulus over there. Pushing on rates still. This is what draghi said. Im telling you what he said. He has put that trillion dollars where his mouth is. He will continue to put the additional 700 billion that he has potentially there. I think those are catalysts for lower rates over there. Weiss, im talking about over here, doc. You know, were anchored to that. How are we going to run from 240 up to 300 on the tenyear. We already are on their way up there. Tenyear yields up 65 basis points in a month. Are we going to continue that rise . Thats your question. Isnt it . Yeah. If its going to cause the stock market to wilt. Do you we agree or disagree . Partly. Im trying to be nice before the holiday. Go
And now were seeing the reality of that. The meeting is april 17th. So youre going to have continue positive momentum build into that. The Investment Community is underinvested in terms of Energy Equities. Think about what the mentality was in january and february and the actual trade we align with so we have many that own the high yield debt in the energy space and used Energy Equities as insurance and they were natural sellers of that. They have been buying back all along since february and march. Josh xle today is up nearly 3 as we look at it and you own it. And this is the anatomy of a bottom fishing trade that works. We continually on this show look at the stocks acting better than the commodity itself. The stocks bottom january 20th and crude oil doesnt bottom until 2 or 3 weeks later in february. Now you have it 50 off the lows. Thats the producers etf. You have the xle of 30 off its lows. Taking out its 200 Day Moving Average to the upside since september 2014. This is a monste
Dead, three others injured and at least two gunmen are out there, after a mass shooting in wilkensburg, pennsylvania. Four of the victims, three females and one male, died at the scene. A fourth female was pronounced dead at the hospital. Police say there were multiple gunmen. Theres ballistic evidence that leads us to believe theres at least two people that discharged weapons into a Backyard Party or cookout of some sort. It looks like they were ere fleeing towards the back door of the residence when the second gunman fired from the side of the yard and they all seemed to get caught on the back porch. They havent said what the motive was and are asking the public for any information on the shooters. At least three deaths are being blamed on a series of storms that have been battering the gulf coast and the south. 25 Million People could get flooded and thousands have already been evacuated. Some of the worst flooding is in louisiana. Where the governor declared a state of emergency. P