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Hillary clinton. Got rumors of two potential deals swirling this morning. Chemicals and tobacco in the spot light. Well put a dose of reality on both. Apple mac users being targeted by hackers with ransomeware and how the company is handling that problem. The dow coming off its third consecutive week of gains closing above 17,000 for the first time in two months. S p just shy of 2,000 friday, closed at 1999. 99 as china said it would target Economic Growth between 6. 5 and 7 . Some talk in china about cpi targets around 3. We know thats more a political chan nick thing. Exactly. One thing that happens out of china, we believe everything they say. Our country can say these things. They say theyre just making stuff up. Target, 6. 5 to 7 , and we believe them. The coal stocks go up. Steel stocks go up. Iron ore. Will you give me a break . Were in an era of where a lot of the stretched names whether its valet or cliffs natural or u. ....
Oil selling at its highest level all year taking a number of organize stocks along with t. Chevron and exxon leading the dow higher while murphy oil led the s p and a huge spike in the metals and mining names, vale, rio tinto and can that be the fuel for what has been so far, at least in february, an unstoppable market rally, guy . If the Energy Market continues to go then the answer is absolutely. The materials raggi, theres a number of Different Reasons and tim can speak to some of the chatter were hearing out of china. The energy move has clearly lasted longer than i thought it would. The one interesting thing was, and dan can speak to the other side of this, but ovx was higher on a day that crude was up significantly. Now we saw this on the other side a few weeks ago when the ovx got crushed on a day that crude was lower, so maybe its pointing to at least in the short t ....
Was it enough to turn the tide with investors . A case of conscious uncoupling. Gains for oil stocks despite a second straight day of losses for oil. Are stocks pricing in a bottom for crude . What does it mean for the rally . I dont think so. Welcome. The Oil Volatility index is still above 50. Brian kelly outlined a number of times oil was headed down to 20. Its getting close. I still think the commodity is actually under pressure. Why the Stocks Holding in there . I dont have a good answer other than fact people are saying oils got to be close to a bottom. I dont think the turns coming. Theyre expensive. Exxonmobil at 22 times forward earnings doesnt make sense in this environment. Neither does schlumberger. All those stocks are going to revisit august lows. If there are bigger implications for what we are seeing in commodities versus stocks . The price of oil versus the o ....
This is typically an interesting trading week. You get some moves. The european markets were in the red last time i looked. London not open. Boxing day, right . Yes. Boxing day. Whatever that is. Thats where you give the staff money. Its called a christmas box. Thank you, that helped me. And the tenyear note yield. Crude oil which has been such a key to the markets is down thats the biggest move down in a few weeks. We rallied strongly. Rallied strong last week in wti and in brent. Brent fall beg low ing below wt. Amazon said it added 3 million prime members in just the week before christmas. Amazon had a great week what about the other brickandmortar stores . Where are all those return gift items going this year . Potentially important story moving forward, valeant ceo is taking medical leave. The stock is down 6 on that news. Well have the latest. Futures moving lower as we head into the final trading week of the year. Crude oil down 3 following last weeks rally. Overnight in china, ....
Doctors are likely to change their procedures after hearing this major news on Blood Pressure. Everybody needs to Pay Attention. A lot to do today. Well start with a check on oil trading because oil is down by 3 . One reason might be a note from Goldman Sachs that came out this morning suggesting that oil could not will, but could fall as low as 20 per barrel saying, the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near 20 a barrel is becoming greater as oil storage continues to fill. Powerful note. Just to be clear, guys, Goldman Sachs not saying this will happen. That it is going to go to 20. Just that it is a possibility. Their sixmonth price target is 40 a barrel. Thats still ver ....