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A new record high for the nasdaq today. Its a violent move away from bonds and into equities. It continues to gain team. Yes, the markets, josh, are in the red right now. Bank of america was out with a note today. Michael hartnet saying theyve seen the largest equity inflows in three years and the biggest outflows in three and a half years, the biggest disparity between stock and bond flows ever. Look, nothing brings out positive inflows to the Fund Industry like new record highs, and i think its compounded by the fact that people were way, way, way too cautious going into this. When you look at either the protection trades that went on or the people that were fleeing to cash, and i think thats the big takeaway, scott. Perceived safety has a cost. When you look at the tlt down 7. 2 in a week, when you look at gld, gold in general, down 5 , the mine e e minors down a lot. Its not always safe if you are unaware of what the other vari ....
Buying stock with high yield. L. And later on, tom lee says hes buying stock with high yield. Tonight he will give us three names hes betting big on. But first, something surprising in the market since we were last on the air. Since the start of the olympics on august 5, weve seen some very big moves in several retailers. So big in fact were calling it a retail renaissance. Take a look. Nordstrom, macys, foot locker, ralph lauren and kohls seeing gains with more than 2 . Is it time to take profits . Pete, what do you say . Stick with the move . The majority of the names were beaten down and we talk about the rotation in the marketplace and you look at what is going on in retail and i think what we saw through the earnings season has been these names didnt do as poorly and so they were able to step over the bar. And you still looked at names, we talk about valuation. Valuations still remain low. In some cases youre getting a great yield. Nordstrom has rack which continues to perform for ....
We have a forecast coming up. We start with the tail end of earnings and all those predictions that we would see negative Earnings Growth. We had the report and since then the s p 5 hundred index is up about. 9 . Bob pisani is live with where we saw gains and losses and what expected from retail this week. First up the answer to this question. Did we see growth this earnings season . We are pretty close to seeing an actual Earnings Growth picture for all of this season. Lets take you to the score cart. Through this morning, we have got about 447 of the 500 companies in the s p 500 that have reported earnings. Among those, 67 beat estimates. The caveat there as always is maybe its on lower expectations. They have about one in four will say close to 23 missed estimates. We talk about the idea that we might see growth if things go on track for the remaining 10 or 11 yet to rep ....