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Feb 1, 2024
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the action in the pre-market is after the fed's january surprise yesterday where jay powell and the fmochot down any hopes for an interest rate cut this march. >> based on the meeting today, i would tell you that i don't think it's likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that that's to be seen. >> jay powell's comments triggering a selloff yesterday which ended with the averages closing down sharply the s&p logging the worst day since late september the nasdaq down 2% the worst session since october. saving grace for the dow is boeing closing up 5% after pulling the full full-year guidance the nasdaq dragged down by alphabet closing down more than 7% also, we are looking at regional banks. risk has returned adding risks to equities overall. shares of new york community bank with the worst day since 1993 the product eribroader index coe worst day since march of last year the community bank had a fourth quarter loss and slashed dividend to shore up capital it is setting aside millions for the commercial
the action in the pre-market is after the fed's january surprise yesterday where jay powell and the fmochot down any hopes for an interest rate cut this march. >> based on the meeting today, i would tell you that i don't think it's likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that that's to be seen. >> jay powell's comments triggering a selloff yesterday which ended with the averages closing down...
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Feb 22, 2024
02/24
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did see a three-month high for the long end in yesterday's training session this was related to the fmoct out yesterday let's stay with those minutes. those minutes from the federal reserve policy meeting show most officials are concerned about inflation turning hotter and fear cutting interest rates too soon most participants saw risks to moving too quickly and a couple committee members expressed caution over restrictive rates the chance of the may rate cut now stands at 32%, the lowest probability so far this year, with more people confident that rate cuts will begin in june and july it's got a guest with me to review the numbers here. thank you so much for taking the time the really fascinating thing about the market right now is market expectations for cuts this year from the fed are fully in line with what the fed is forecasting. do you get the sense that once we see more data coming through over the next couple months, whether it is cpi or ppi orp eor even the deflator, do you think reaction is more muted if we see a big miss >> i think if you look to where we started the year or
did see a three-month high for the long end in yesterday's training session this was related to the fmoct out yesterday let's stay with those minutes. those minutes from the federal reserve policy meeting show most officials are concerned about inflation turning hotter and fear cutting interest rates too soon most participants saw risks to moving too quickly and a couple committee members expressed caution over restrictive rates the chance of the may rate cut now stands at 32%, the lowest...
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Feb 5, 2024
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after the fmoc and powell pushed the probability of the first cut to june now where a week ago theres of march. higher for longer is going to be a headwind for equities. the other side of it is what's spending with the consumer holding up. >> with all that in mind and we are coming off that jay powell comment on "60 minutes." what is your word? >> my word today is connections. that is especially important for investors to be making those connections between the catalysts and market players and economies and markets. whether we are talking higher for longer or the middle east challenges with the market and economic, you have to connect the dots. that's what leads me to be cautious on smaller and regional banks in the united states. higher for longer regulations and exposure to office and commercial real estate are going to make a rebound for that sector less likely short term. we have $117 billion in office commercial real estate which has to be retired or refinanced. >> you mention some of the regional banks. jay powell said he is working with the regional banks. he said some may hav
after the fmoc and powell pushed the probability of the first cut to june now where a week ago theres of march. higher for longer is going to be a headwind for equities. the other side of it is what's spending with the consumer holding up. >> with all that in mind and we are coming off that jay powell comment on "60 minutes." what is your word? >> my word today is connections. that is especially important for investors to be making those connections between the catalysts...
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Feb 2, 2024
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.50% we are checking the bond market ahead of the jobs report you see yields moving lower since the fmocecision. the benchmark below 4%. that is the morning set up. >>> investors are getting set for the january jobs report which is due out at 8:30 a.m. eastern time with the economists expecting a modest slowdown in non-farm hiring. 180,000 net new jobs are expected this month. the unemployment rate is expected to tick up to 3.8%. today's report comes on the wake of the layoffs so far in 2024 and the tech sector and beyond with u.p.s. and citi, shell and macy's joining me now is veronica clark. great to have you here. >> thanks for having me. >> what is your expectation for the jobs report and we talked about the layoffs. tech layoffs over 30,000 and the big number from u.p.s. at 12,000 and citi at 12,000. what do these numbers show up in the reports? >> i don't think we will siee evidence of that in the january reading. it could be an interesting one where we expect stronger pa payrolls we have 240. that is a strong increase in employment in january. some details could be interesting. we
.50% we are checking the bond market ahead of the jobs report you see yields moving lower since the fmocecision. the benchmark below 4%. that is the morning set up. >>> investors are getting set for the january jobs report which is due out at 8:30 a.m. eastern time with the economists expecting a modest slowdown in non-farm hiring. 180,000 net new jobs are expected this month. the unemployment rate is expected to tick up to 3.8%. today's report comes on the wake of the layoffs so far...
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Feb 5, 2024
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. >> money markets are overwhelmingly predicting the fmoc will hold rates at the next meeting.he expectation of the hold of 50%- higher than a month ago. traders were expecting six cuts, but pulled back sharply after the strong jobs report on friday. the ten-year yield spiking overnight as we just spoke about. this after the nfp surged past expectations adding 350,000 jobs in january with unemployment holding at 3.7%. new job creation is at 686,000 in last two months after the number was revised in december. we have fed speak and economic data head and services pmi around the world today and comments from chicago fed president austan goolsbee and atlanta's fed raphael bostic. today and tomorrow, we have numbers from bp and air france. we will have fed talk from cleveland and boston and richmond fed presidents. not yet finished. hermes and pepsi will wrap up the earnings week. we will see u.s. cpi revisions which are recalculated from 2023. if that has been a mouthful for me, it is setting the tone for a busy week which is coming up on the trading calendar. >>> european corporat
. >> money markets are overwhelmingly predicting the fmoc will hold rates at the next meeting.he expectation of the hold of 50%- higher than a month ago. traders were expecting six cuts, but pulled back sharply after the strong jobs report on friday. the ten-year yield spiking overnight as we just spoke about. this after the nfp surged past expectations adding 350,000 jobs in january with unemployment holding at 3.7%. new job creation is at 686,000 in last two months after the number was...
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Feb 2, 2024
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record high wiping out losses from the prior day as you remember the deep dip that we got after the fmoceeting on wednesday. it has been reversed now as for the individual boards, this is the breakdown. every major is trading in the green up .50% across the board dax up .60%. we see a good bounce in retail today. autos are also putting in a good session. both with the german carmakers and french carmakers this morning at the top of the cac 40 ftse 100 is up .60% in trading as well. of course, we continue to keep a close eye on how the market is reacting to that bank of england monetary policy decision yesterday. no change in interest rates. they definitely have set the tone for the potential to start thinking about rate cuts in the coming months and perhaps that is enough for the market participants we'll talk more about the bank of england and steve's interview with andrew bailey later on in the show as for asian markets, a whipsaw session. the shanghai composite is down 1.5% at one point, we were down 3.6% in trading we recovered rapidly toward the close in the chinese session up 2% qu
record high wiping out losses from the prior day as you remember the deep dip that we got after the fmoceeting on wednesday. it has been reversed now as for the individual boards, this is the breakdown. every major is trading in the green up .50% across the board dax up .60%. we see a good bounce in retail today. autos are also putting in a good session. both with the german carmakers and french carmakers this morning at the top of the cac 40 ftse 100 is up .60% in trading as well. of course,...
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Feb 15, 2024
02/24
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i don't expect us to make record highs until after the fmoc speaks in march.n is healthy. >> what is better for the markets if the economy continues to stay on track like it is now? come in better than expected or the economy slows a little and the rate cuts come back on the table? >> it seems like we're in a good spot. the stock market is reaching all-time highs. the fed can stay back and stay higher for longer. not that they are supposed to follow the stock market or anything like that. the numbers are coming down. we didn't meet expectations. they are trending the right way. earnings are trending higher. it is a lower bar as you mentioned. things are progressing slowly. if we get a cut unexpectedly, that would be a danger of why we are cutting. it would be nice to see the cut before we makes the election. >> a quarter point? we were going to get six. >> i don't know where that number came from. i was always in the three or four camp. six was priced into the market. the market is holding on. >> you don't see the labor market and wage gains? you saw the senat
i don't expect us to make record highs until after the fmoc speaks in march.n is healthy. >> what is better for the markets if the economy continues to stay on track like it is now? come in better than expected or the economy slows a little and the rate cuts come back on the table? >> it seems like we're in a good spot. the stock market is reaching all-time highs. the fed can stay back and stay higher for longer. not that they are supposed to follow the stock market or anything like...