Unchanged and signaled two rate hikes later on this year. Now, that looks like the fed seemingly has cold feet so what are you doing with your portfolio at this point . Guy . I think you stay with the cold market. I think gold is telling you everything you need to know over the last three weeks to the last month and a half where on every rally in the s p where gold should have sold off it has not and its gone higher. Look at the move today. Obviously hey lot has to do with the weaker dollar here. Again, you have central bank policies. Everybody is in this currency race to zero by definition that supports gold and i think gdx is the way to play it. The problem is they pushed out inflation. They pushed out theres no sign of inflation. I understand theres a host of reasons to buy gold. Inflation hasnt been the main reason to be buying gold at this point but if you see gdx it looks to me like its rolling over, and i dont think you can buy gld or gdx at this point. Actually in this case i t
Now is probably benefiting around 1,000 a year, and some very detailed microdata that i have seen on Household Spending patterns suggest there may be a link, as you would expect from reduce reduced amounts that people pay at the pump to overspending like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong spending is not as strong as it could be given the decline. And, of course on the other sigh we are it may be that it will take a while and its something that will slowly strengthen over time if Oil Prices Stay low. On the other side, of course, we have seen a marked decline in drilling, which is depressed investment spending, and, of course, very substantial layoffs in the energy sector. With respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements of oil prices, whether they were on the up side or on the down side, viewing it as a factor that shoul
Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c
Stocks ready to blast off and send your portfolio to new heights. Well give you those names. First, we start off with the markets moment of truth as we head into whats setting up to be a very crucial earnings season. Is the worst baked in, or are we going to see a very tumultuous week . Guy, we hi. We ask the question because it seems like its a foregone conclusion, that people say earnings are going to be terrible. Earnings are going to be terrible and, therefore, stocks reflect that. Therefore, everybody should know that and stocks reflect that. I think tim would probably agree with that. I would. I dont know. The Bank Earnings to me would be the most interesting thick because i dont think anybody has a clue with what some of the Bank Earnings are going to come out with. Ill say this. Today was an interesting for me, one reason. The huge move in oyl which was outstanding. Sxwligt but the Oil Volatility index was up a percent and a half as well. Something doesnt sort of jive there. On
Energy actually is the Leadership Group with oil touching that fiveyear low and then getting a little bit of a bounce and energy names with it. Lets talk about the markets. Joining us now is dani hughes and kenny pulcari, diane gartnick and our own rick santelli. Dani, what do you make of todays move . It occurred to me months now we have one story of the stock market. Its great. Commodity and bond market tells us theres manager to worry about. What does today tell you about where we come down on the question . We dont know. We have seen the market fall off dramatically today and come back dramatically, as well. The underlying issue of oil and oil prices is big one and you see the dichotomy, as well. Consumers are benefitting and you see housing prices rising, as well, so they have a lot of juice in that and then the job recovery, as well. But then you see Oil Producers getting hit very hard and the concern about the price of oil and domestic Oil Producers and how to make money going f