We were seeing a bounce. A few trade and tariff exclusions will now apply on chinese goods. We are closer to reopening, and oil rallying. Some permian drillers are cutting output even as the Texas Railroad commissioner ryan sitton told us yesterday that quotas were down on arrival. We are seeing diamondback,s diamondback,seeing centennial, and others cutting output today. Guy that is feeding through into the china story, and also into what is happening here in europe. Oil and gas the best performing sector. Brent is up 11 . Higher the00 gapped first thing this morning. Eurodollar taking a knock earlier on, that big hit coming through from the German Constitutional Court calling into question the ecb qe program. That also had a fairly significant effect on btp yields. Currentlying higher in italy. The combination of the positive and the negative coming together here in europe today. Stocks higher, but we are seeing the currency coming under a little bit of pressure. Coming up, we are go
S p 500 also at a new ale time high of 1781, up 14. 25 points. The dow and s p closing at alltime highs. Bob, this meltup keeps happening. Dow jones industrial average, we were weak throughout the morning. Frankly going into european close around noon it started lifting. Not a lot of big macro news out there but Janet Yellens testimony tomorrow creating considerable question. May be more dovish than some anticipated. We dont have that testimony yet, but that was a source of a lot of speculation today. A lot of groups that have beaten up, moved to the upside. Good news on the fundamentals on retailers, macys had a terrific day. 3. 5 same comp sales moves. Nordstrom reporting tomorrow. Walmart also reporting as well as kohls tomorrow. Internet stock, high beta names moved up but emerging markets down again. Seven, eight, nine days in a row they are been to the downside. Many down double dijs over the last two weeks. A rare ipo disappointment. Its been a great ipo run. Not today for chegg
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