If brian were here, hed know that song i do not im Tyler Mathisen major averages in the green in this next, really, three hours left on this final trading day of the quarter and of the first half of the year the dow getting a boost from nikes rally on the backof its earnings beat out last evening check out whats moving right now. The dow industrials up a little bit. As you look at humana, Becton Dickinson all hitting new 52week highs. Its also the last trading day of the first half. Investors, so far this year, have seen some solid gains bob fisani is on the nyse floor. D dominic chu. Thanks, tyler take a look at the sectors here. The key point is were continuing to see mild resistance in technology for example, semiconductors are lagging a bit. Biotech, which is another Market Leader lagging a bit a lot of talk about this rotation going on. Look at the leaders in june. The big leaders have been tech, particularly Semiconductor Stocks utilities have done well as Interest Rates have sta
Front of us. We have talked before about Monetary Policy and i havent been a fan as a banker before i was in congress of going beyond the feds initial Interest Rate policies i felt like qe 1, 2 and 3 didnt produce the gdp effects or job increases that perhaps fed policy makers at the time thought. I have also been concerned that as we go back and look backwards now since 2008 that fed officials really have always been a little reluctant to talk about some of the unintended consequences of that, such as distorting the price mechanism in our economy, depressing cap rates for commercial real estate or running up equity prices which i think are a result when you have that, we have flooded from qe 2 into our economy, affecting price earnings, multiples, et cetera today i havent heard any discussion, we talked about the Balance Sheet, we talked about setting Interest Rates but i want to talk a little bit about the money multiplier aspect in your toolbox we flooded the system with reserves bu
Dictionary. Com data base. To the markets at this hour the futures are looking better than yesterday yesterday. Theres green arrows across the board. S p futures are up by 6. 5. Yesterday the dow fell by 142 points dropping back below 18,000. S p down by 25 points yesterday but things are looking better. Nasdaq also up by 7. 5 points. Lets talk about the big stories were also watching this morning. Jobs the april adp employment report, the major focus for the market will be released at 8 15 eastern time. Forecasters say the economy added 205,000 private sector jobs last month. The ecb is meeting in frankfurt and greece likely to be discussed. There wonltt be a decision until the next meeting and they will appear together on a panel in washington. The discussion topic as you would imagine, finance in society. And yesterday we talked a lot about the dow has a couple of rough days. Its down for the year. Were having trouble making headway and yesterday i was watching apple and not as appl