With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Feet up kind of sit back say all right, whos really doing well . Whos really doing badly . Were having this relentless daytoday analysis. Were still the thick of it. Which is why we need to stay rigorous. This is made more difficult by the shear number of new companies that have had the guts to come public. Lets start with next monday when we get results from clorox. The quintessential consumer goods Package Company that was run so well for so long. Ive studied this company long much to know that its in capable hands and i bet that tradition to good solid numbers that tae how will clorox to become a good Portfolio Holding for so many of you satisfied viewers; i expect good things. After the close, we hear two from two radically Different Companies with stocks, dennys and bio morin. Dennys report drad mat i can upside supplies but the market yawned because Rising Oil Prices turned investors sour on the restaurant group. Then the ceo told a great store pri. Gasoline has fallen since and
Today with oil down quite a lot. In fact, its currently down by nearly 3 sitting below 42 bucks a barrel. Over the last year oil has lost 45 of its value. Who do the numbers stay . Coming from the transport sector the numbers may be signaling a possible recession. Well tell you what those numbers are and why you might want to take note. As we can see, stocks are sliding at this hour. Get down to the floor with bob pisani. How much of this is due to oil, bob . A very large part of it. Lets look at the s p 500. We got down right at the open, 12, 14 points on the s p and nefer looked bac ee eed back. Mandy is right, its the commodity complex, particularly Energy Stocks thats having a problem and this has been going on for days. Big moves down in some of these names, and sop me of them are dn double digits, anadarko, murphy, down double digits. Weve been talking about this all week. We know the lowest level since august, a lot of warm weather. There was some disappointment we didnt get a d
Because historys on my side. Marty zweig,thats why. He was among the great titans of our industry. He knew more about the stock market than anyone ive ever known. I devourur anything he ever said. He was an inspiririon to me and millions of others. And he counselled me and others to try to make money in the central to his thesis of investing was, and i quote, dont fight the fed. When the fed was raising rates, you have to be cognizant that back to your face. A tail wind has become a head wind. Federal reserve e licies were dominant factors in determining the overall direction of the market. When it cut rates, bullish. You can say he was right then. What the heck, game over, turn the lights out. Nothing more could be done to make money. Not true. He also said to be flexibility and nondogmatic. So now, you know what . Im a little more skeptical. Marty made too much money with at philosophy and he made too much money for me with that philosophy and i cant go against it. As he wrote in win
1. 35 . Why am i so certain we need to be more skeptical Going Forward . Because historys on my side. Martrtzweig,thats why. He was amonghe great titans of our industry. He knew more about the stock market than anyone ive ever known. I devoured anything he ever said. He was an inspiration to me and millions of others. And he counselled me and otherer to try to make money in the stock market. Central to his thesis of investing was, and i quote, dont fight the fed. When the fed was raising rates, you have to be cognizant that the wind was going from your back to your face. A tail wind has become a head wind. Federal reserve policies were the overall direction of the market. It was bearish for stocks. When it cut rates, bullish. You can say he was right then. What the heck, game over, turn the lights out. Nothing more could be done to make money. Not true. He also said to be flexibility and nondogmatic. So now, you know what . Im a little more skeptical. Marty made too much money with muc