Rebound we had off of the lows and how magnificent it was. You have to put that in context with how fast we sunk into a bear market. That bear market drill down we 500, s p p p 500, that was the quickest drawdown we had on record here to see a bounce like this i guess is not completely out of the realm of expectations given how far and how quickly we fell. Taylor we were member that day clearly. It was march 23. Just at the pace and rate at which you talked about the fall and the rebound. In the middle of this, we talk about a 50 rebound. You are still giving incredible superlatives when you talk about it really has been a risk on. It is Consumer Discretionary materials, tech, they are up 60 since the lows on march. Really interesting that even though the fed has been so involved, the rate sensitive sectors have not been the all performers. Romaine i would like to get amys perspective on the rates market. Treasuries have been the lowflow shower of Financial Markets for the last few mon
Its weakness too. Alicia i want to point out the dollar has been moving lower the last eight weeks, telling you it is on its way down to a softening, making emerging markets actually kind of interesting. The fed has blasted it today. Romaine lets dive deeper into all the action right now with our markets reporters. Abigail, what are you watching . Abigail i have my eye on volatility once again. The vix and speculative vix sports. Might not have stocks moving much. But some who have been selling volatility this year are starting to change their mind. In white, speculative vix shorts. In blue is the fear index. When the whole theme that you was complacency, the vix shorts, superhigh. The beginning of 2018, the vix spiked at the beginning of the year as the trade war kicked off. Into the Fourth Quarter after climbing, the vix shorts came back off. This year vix shorts have been climbing all year as many investors and speculative investors have been selling. But right now it is starting to
Heres abc 7 news meteorologist lisa argen. Good morning. He scale anlookg at srs moving acro closer towards north beach, i80 through berkeley, wet streets. Over into walnut creek, danville 680, the showers extend out eastward and further to the south over in the hills, at hayward a few areas of rain and then a little bit heavier south of woodside in the santa cruz mountains. Still quite a bit of activity across the state winding down throughout the day today. It is 53 in vallejo, 56 oakland, cooler than yesterday the strong south winds, starting out slightly cooler with a little bit of fog in hayward and napa. Three mile visibility. Scattered showers this morning and looking at a quieter afternoon. Well talk about the week ahead in a few minutes. Thank you. Water really was everywhere. This is the van ness muni metro station where rain water cascading down an escalator. Rain service was shut down from vanness to the west portal station to deal with this. Reporter luz pena has more on h
Scale. You can see much of the north bay is dry. Were going to zero in on the east bay and show you where that rain is. You can see far lake county, walnut crk, t discovery bay, it is wet with a few showers and down through danville, san ramon the 680 corridor and along the coast here from john mere drive, south city, and through hayward, around mission peek, fremont boulevard, wet weather in the santa cruz mountains. Where some of the showers will linger throughout the day today as we look at the system winding down. Were in the low to mid 50s with some patchy fog and looking live outside, from our exploratorium camera, a few scattered showers around the bay today and they will be diminishing. Temperatures if the uppers 50s to near 60. Mxture of clouds and sun late in the day with the level one winding down for a dry evening tonight. Thank you. Water really was everywhere. This is the vanness muni station where rain water cascading down an escalator. Rail service was shut down from va
Points. Russell, the underperformers. Lets dive deeper into the action with our reporters. What were you watching . Abigail small moves for stocks, record highs, bigger moves for bonds. The 10 year yield down five basis points, the biggest move down, the biggest rally for treasuries. Lets into the context of a paul. By he said if the 10 year yield breaches the downtrend in yellow, that he would turn bearish. Could see the 10 year yield go up to 2. 15 . Mike in the Corporate Bond market, all eyes have been on this monster offering from add ve to purchase its to fund its purchase of allergan. It is the fourth biggest deal of all time. The biggest. Of the deer of the year the biggest of the year. If you look at the spread of investmentgrade bond, fell to a 20 month low of 104 basis points yesterday. That is according to the Bloomberg Barclays u. S. Aggregate corporate index. This obviously bodes well for what the bond market is really gearing up for. And that is what could be the biggest