Original thinkers. That is quite a promise. Lets head to the markets desk with julie hyman has the latest on this rebound of the markets. Julie i went to a fundraiser for my son school. A pair of hamilton tickets in the auction went for four thousand dollars. Cause, they are a hot commodity here in the city. Its good to markets. It looks likes cap markets are very hot. We are seen a bounce back from yesterdays decline, and, we are really seen a switch flip day by day here in the markets. ,ot just here in the u. S. Globally, risk on, risk off. Thise seeing a breaking of week in the japanese yen as well. Is rising versus the japanese yen the first time in six sessions. Among other things, japanese officials making indications that the bank of japan of a government would be willing to intervene with a currency intervention. It was very vague. Nonetheless, they are hoping to trigger that reversal. U. S. Stocks every commodity driven. Energy materials are the two bestperforming groups. It d
Expectations usually equals a good earnings reaction. Could this be a recipe for stocks to hit new highs . A hundred percent it could. Think about the resilience. Im not going to pretend ive been a raging bull, i absolutely have not. Think about the resilience of the market. Thursday night you heard from microsoft, starbucks, google, disastrous outcomes in terms of what the stock did. Yet the s p was flat on friday and down a few handles today. Actually rallied back from being down double gij its. Im not the steadfast bull, but i think the fact that its here leads me to believe theres another leg higher in the s p. The diminished expectations probably lead to higher prices. On a day when the vix is at twoweek high sgls look where it is compared to the 200 day. Barely at 14. Vix is very low. Volatility in the marketplace is low. Look at volumes, guys talking about where we are in the s p. Everybody says, theres low volumes. In the options world, were about 18 million per day per average
Business, microsoft going into the cloud. This week we are looking at more of the retail channel which is apple, which expectations are so low, could very well turn and stock is dirt, dirt cheap. Im looking at buy for the first time in a long time. Linkedin is also more on the retail channel, jobs and so forth. They are two different worlds of tech. That wont matter. Tech as an umbrella has been bad. You look at the performance last week, alphabet down six, ibm three, amazon three, Hp Enterprise down three as well. Does this turn this week or get wor worse . What we are seeing, we talk about rotations all the time. Maybe this is what we are seeing, rotation within tech. Microsoft up 24 in the last year, google up over 30 . When you look at intels numbers, this stock was trading in the very low, towards 30, actually right after earnings, then flipped around by the time we opened the following day after earnings. Stocks moving into positive territory and holding on to some of the gains.
Im sara eisen. And im wilfred frost. Good morning to you from me as well. And happy friday. Lets have a look at u. S. Futures. Sharp declines. Over 1 in the dow. Expected to open slightly positively. Essentially we are flat in the pre market but called higher by 4 points. And the s p by 1 and the nasdaq by about 17 points. Lets look at the 10 year treasure note. Yields ranging around 1. 7 and 1. 9 over the last three weeks. Chinas central bank fixing its currency t yuan higher. In fact at the sharpest pace since 2005 when china removed its peg to the u. S. Dollar. There have been huge swings in currency all week long led by yesterdays massive jump in the yen. How did i miss that . A 3 move in the yen. Bank of japans surprise decision to do nothing and leave the Monetary Policy unchanged. And of course the big importance is the chinese currencys depreciation in the beginning of the year that was spooking markets and its gone the other way and that is calming. The dollar index, dollar br
Vonnie russias president Vladimir Putin says he is trying to prevent the spread of terrorism. U. S. Officials say russian airstrikes in syria are not aimed at Islamic State, they are targeting opposition groups fighting serious president bashar alassad. Asidehas vowed to keep and power. Attacks hit one group of rebels trained by the cia. Secretary of state john kerry called for a political solution. He appeared with his russian counterpart. Even as we do not have yet a resolution with respect to some critical choices in the political solution, we think we have some specific steps that may be able to help lead in the right direction. U. S. Is concerned there could be incidents between russian planes and u. S. Warplanes in the same area. That government stimulus may be having an impact on manufacturing. Chinas measure of factory activity stabilized around a threeyear low. The report signals Government Spending on infrastructure gaining traction. Governmentrom forecasters, they cannot rul