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Doesnt it . How long can stocks and bonds continue to go up together sh. Id say several more basis points out of the bond, judge. We have got low volatility, low inflation. Those are both helping stocks and bonds. The bonds of course are just running like crazy. There must be more shorts in this than in tesla, but down at 214, 212, where ever the ten year is, you could see it push to two. Perhaps under two. K is to bes are going to continue to go up. If its because of low volatility, then where he, and china saying they can see themselves buying more of the bonds again instead of stepping away from them like they allegedly has been doing over the past several months. Thats another thing thats you know, working against the bears on that trade. I dont know what it is. Rick, i mean, i dont know, is it worry about the agenda . Is it i dont know, ahead of comey . The economy . What is it. Why do bond yields continue to go lower. I think we can safely say it isnt comey. Running a memo b abou ....
About 0. 6 hang seng down almost as much. The shanghai turned in a positive day up by 0. 1 and in europe, in the early trading, at least at this hour, you will see that the markets are weaker as well the cac is the big loser down about 1. 4 . You can see declines of over 0. 7 for the dax, similar decline for the ftse alltime low on the fix yesterd vix yesterday. We kept saying complacency we cant go down suddenly the nasdaq is up. Midday reversal. Everybody told us yesterday that for some reason the vix wasnt the indicator it used to be for volatility or for complacency. If its an alltime low, dont you think people are not worried about anything doesnt that usually set things up for a rise in volatility. My god these things can move around vix up 6 yesterday. We want to get to washington we have breaking news overnight. That could add a bit to the vix. Senate republicans failing to repeal obamacare in a dramatic latenight vote on capitol hill. Kayla tausche has more reporter it was a l ....
Lunch starts right now welcome to power lunch. Stocks are lower at this hour. The dow getting another record intro day before the pull back health care attacked the best performing sectors S P Health Care 40 almost flat. Consumer staples off more than 1 good year tire, starbucks and mattel, the biggest drags on the s and a. Exxon, ge and dupont buying on the dow at this hour michelle, thank you very much welcome everybody. Tyler mathisen here. The fda announcing a plan to cut nicotine levels in cigarettes. Commissioner talking about this new proposal at a News Conference a short time ago. The nicotine in cigarettes is not directly responsible for the cancer, the lung disease, the Heart Disease that kill hundreds of thousands of americans every year yes, it got them all dignitied and it kept them addicted for the long te ....
The president broke the news in his favorite way, over twitter. Writing, quote, i am pleased to inform you that i have just named generalsecretary john f. Kelly as white house chief of staff. He is a great american, and a great leader. John has also done a spectacular job at homeland security. Hes been a true star of my administration. Mr. Priebus is the former Republican Party chairman, and he clashed with other officials in the white house, including the new director of communications, anthony scaramucci. John harwood joins us tonight on the phone from washington. John, welcome, good to be with you. How big a surprise, john, is priebus departure . And how big a surprise is the appointment of kelly as chief of staff . Well, i think the departure of Reince Priebus wasnt a surprise. The timing was a s i had been talking to people during the day who were saying, you know, som ....
Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing propos ....