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Seesaw this morning and now here session highs. Still in the red but for the dow, it had been in positive territory for a brief and hot second there. 53 to 47 shows favor the brexit. That reflected in the Dow Jones Industrial average. We can see popping into the green and going above the flat line for an hour or so, just under the flat line. We did see the dow down as much as 168 points. I want to show you whats happening with the s ps 10 sectors. Negative territory with Energy Leading the declines. Up the most,tions utilities had been the biggest leader. Usually as it stands with lower Interest Rates, that does help utilities because of their load. Lets look at what is happening with oil with Energy Falling as the biggest sector laggard. This is its lowest in ....
Doc, you are on the island and you are saying that they wont go at all. Well, no, i said that once this year, and i think it is december, and we will see whether or not they go, judge, because it is closer, and closer to the coin toss as to what janet yellen says tomorrow, and that is going to influence the markets. Today a trade in the vix, and the reason i bring it up is that a lot of people were voting that the vix goes down lower and one of the reasons is that if ms. Yellin is dovish tomorrow, and they bought a ton of the i think the 13 and the 14 puts with the vix right around the 15 level. Let me stop you. The risk is that she is more hawkish tomorrow. Well, i disagree. For some. Well, i disagree, they dont move and tell the market that they are not datadependent, and not serious about normalizing and lose the credibility of going than not going which is what happened last september frankly, so is they have gone out of their way with the latest barrage of 900 speeches to tell peo ....
All right, michelle, welcome bark. By the way, everybody. Can you guess the price of this house game coming up. Hi. Im brian sullivan, happy monday. It is a happy monday if you own stocks because a new week and new record highs, dow up about 76 points right now. 12 dow stocks now up more than 10 this year. Four up more than 20 just so far in 2016. Caterpillar and United Health the best two performers so far this year. If youre wondering, only six dow names are down this year led by nike, which has lost 9 . Melissa. Speaking of nike we have a great interview with the ceo of under armour coming up. Im melissa lee, heres what else is happening at this hour. 4 billion real estate deal to kick off the new week. Mid America Apartment Communities buying post properties in a stock swap deal specializing apartments in sun belt states. Weather conditions are improving sli ....
The last few years, as you know. Is value back . Its hard to say whether its back yet. I mean, its been probably three weeks where the value has started to reassert itself. But after five years of underperformance of value versus growth, the spreads in valuation are at provocative levels. Cheap stocks are as cheap as they get. Expensive stocks are reasonably expensive. And that spread has widened to the point where in the past, if you tried to capitalize on it, you would have been really wellregarded. Josh, yeartodate, value outperforming growth from the february 11th bottom, which, by the way, we mark the onemonth anniversary of today. Energy is up 12 , industrials up 10 . Financials are up up 13 . Is this the start of a broader trend . Well, i think if it if the trend of growth substantially outperforming value continues for much longer than it already has, it would be an almost unprecedented length of time through history. So to some extent, just on a mean reversion basis, you think ....