Nasdaq is going for its second day in a row josh, we got within a point. Same narrative here. What now we figure were going to hit new high for the s p those stocks are really all you need to get it done like a nominal new high its been 122 days since the last time the s p 500 had an all time closing high. If you think about the media number of days between making those closing new all time highs its about 90 from one year to the next i guess i would say this is pretty average year all Things Considered i would not be surprised to see an all time record close for the s p very soon. What you need to get there is all working. One other thing i would grow into the mix is put to call ratios have collapsed. Its a historic collapse i think its indicative of sentiment out there. People are just no longer afraid of a resurgence in the virus or a spate of negative headlines that will send this lower. The evidence of that is if you look at a 50day moving average you have to go back 15 years to f
Whatsoever theyre pure slight of hand. Do i have more pencil . Stocks are also exactly what we need to help keep this market moving higher like we did today with the dow gaining 290, s p jumping and the nasdaq 2. 13 because apple and tesla gave you fantastic news about what it should be a 4 for 1 and 5 for 1 stock split respectively again, no new value but boy, do people love it theres a reason we have to feed the bull with more nourishing stock blitz and ill tell you why. Years ago individual investors deserted the stock market with the implosion of 2000, 2001 and financial crisis of 2007, 2009 they gave up on the asset class and started tiptoeing back, looked enticing and something would go wrong 2015 mini crashes. But in the past few years, beaten down individual investors, a lot of younger investors intrigued by low to no commissions. Finally started buying stocks again. Despite all the gray beards telling you its impossible to beat the market, despite the supposedly brilliant Mone
A little bit of movement when it comes to the stoxx 600. Its gaining 0. 8 . A lot of investors are trying to figure out if the encouraging Economic Growth from last week will continue. We are exposing data out of the eurozone. For the first time in a long time i have decided to look at the korean won. This is after the central bank said they could intervene. You could see, currently at 1066. We will talk fed and risks to the global economy. Plus, we talk geopolitics with daniel tenenbaum. And we have the exclusive interview throughout the program. We bring you our conversation ermotti. Io reporter after a year marked by a disaster and snap election, theresa may is looking to enter 2018 on a stronger footing. The british from minister ended months of speculation and concern for the Cabinet Reshuffle. It is no surprise. Damien greens departure means some changes have to be made in i will be making some changes. Reporter the u. S. Federal reserve will need to pick up the medce as the slam
Seventh. Some strong pmis on the continent. Our road map begins with the week to watch for 2014. The market is looking to turn around a twoweek losing streak ahead of the final fed meeting of the year that could set the tone for the taper insurance giant, aig, announcing the sale of their last business, Aircraft Leasing for 5. 4 billion in stock. Avago picking up lsi, 6. 6 billion and more rumors that sprint is mulling a move for e tmobile. With the dow and the s p coming off of two consecutive weeks of losses, investors are turning their attention to the final fed meeting of the year. Set to kick off tomorrow. The watch is on to see if they will scale back their bondbuying program. A new Associated Press poll finds that most americans see the market flat or lower by the end of next year. Only 14 believe the market will rise. 5 think it will crash. The poll suggests the general public is less optimistic than investment professionals. A lot of the targets we have seen, 2015, 2000 on the
And that was enough for the dow, the s p 500 and the dow transports to close at fresh alltime highs once again. Investors got a lift of another round of major mergers and the spin enough of a batch of some household magazine titles from one of the nations oldest and biggest media companies. Heres how stocks ended the day. The dow up sl points. Nasdaq added 14. And the s p ended one point higher. One of the biggest deals announced today was the drug giant merck. Agreeing to buy specialty drugmaker identix. Shares of dow component merck ended fractionally higher today. So what does identix have that made merck pay all that money for it . Reporter mercks purchase today for more than three times the friday Closing Price continues a frenzy of deal making around drugs for hepatitis c. There was a purchase to give it the drug now priced at 84,000 for a 12week course of treatment. Bristol mier with a deal that unwound due to safety issues with the drug. Bristol myers is still working on hype t