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Doing cartwheels behind the scenes at how well the market has taken the Balance SheetReduction Plan and announcement. To be likewants this watching paint dry for us. This will be very boring. It is all preannounced. It was all very transparent. There was no surprise in the announcement yesterday. And so, i think we will be watching quantitative tightening in slow motion. I think she is trying to do as little as possible. She introduced tightening in monetary policy, and she was trying to do as little as possible with the dots to keep them as unchanged as they could be in the next 12 months so beyond that they can make the policy changes. The crisis is over. We still have policy levers largely at their emergency crisis determined settings. So lets return on a methodical basis the policy levers to normal so we have the ability to control our economies. Jonathan joining me aroun ....
Abigail doolittle is here to tell us how it is going. We have another round of alltime highs. Gains may be relatively modest but it does show us that the bulls are in charge. Last week was the fifth up week for the 500. Kitty started bti g says that even though the technicals are overbought, stay with the rally. Bloomberg and the have a look at this. Is also atst in blue record highs. They are telling us that only other shorts there in spades, but we have lots of open interest on that. Vix, bullish for stocks investors out there. Lets look at the movers for the s p 500. Resource stocks have had this commodity rally. The sixth dayor in a row. The best sixday rally for copper in the year. Newfield exploration, some of the worst. Nordstrom down 6. 9 . The company says they have temporarily suspended theyre going explorations. Summon that started in july. It looks like something that started in july. The holiday could have had an effect. One with a more than 10 job friday drop on friday. P ....
On cnbc. Im kayla tausche. Earlier today, Charlie Evans tosantoli. Speaking said the fed should prepare for the next crisis now. Said its worth considering things like price level worldwide tour landed you here targeting. In other words, say were going to hit this level and well glad both of our alarms went stick with it. Well keep policy low until we hit that target. Off this morning lets check the stocks this saying the fed should prepare morning, see where we are in the public for unconventional trade. Roughly flat look at where the dow is policies in unconventional an implied open of up 7. Times. These are four central bankers on the podium with different policies take a quick look at their the s p down 2 the nasdaq down 3. Balance sheets relative to their roughly unchanged. Gdp. A bit of the air coming out of japan has done much more in the the rally, at least in the u. S. Way of quantitative easing early in the futures tradin ....