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Feb 12, 2024
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mike santoli, our senior markets commentator. we'll do final trades next.his all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. ♪ ♪ ♪ ♪ an office. hi! hello! a cinema. so automated. yes, the definition of a car changes... but one thing stays the same. it's a mercedes-benz. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could hel
mike santoli, our senior markets commentator. we'll do final trades next.his all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. ♪ ♪ ♪ ♪ an office. hi! hello! a cinema. so automated. yes, the definition of a car changes... but one thing stays the same. it's a mercedes-benz. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your...
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Feb 16, 2024
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very good stuff, steve. >>> let's bring in our own mike santoli here.ts are ticking higher shaking off the ppi report perhaps after it did with the cpi report. i guess it took a session longer to did so and now we have a reiteration of raphael bostic. >> courtney, for weeks we've had this real world experiment on did the stock market need rate cuts soon and lots of them thereafter to sustain the current levels? the answer was no so far. it's interesting to hear mary daly present economic momentum as one of the upside risks. that's your explanation for why the market can say, we can wait if the economy is hanging in there. the disaster would be if the strong economic numbers are a head fake and things weaken and the fed is not ready to help. i think we're okay with that. it gives us something to work with. i'll concede that i think it's surprising the stock mark has been as tenacious as it has. it felt it could grab on a report as an excuse to back off in a more pronounced way. >> grab on one, let alone three of them mike, thank you so much. >>> up next,
very good stuff, steve. >>> let's bring in our own mike santoli here.ts are ticking higher shaking off the ppi report perhaps after it did with the cpi report. i guess it took a session longer to did so and now we have a reiteration of raphael bostic. >> courtney, for weeks we've had this real world experiment on did the stock market need rate cuts soon and lots of them thereafter to sustain the current levels? the answer was no so far. it's interesting to hear mary daly present...
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Feb 9, 2024
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>> i think mike santoli is right on. >> jason? >> caterpillar.s holding quite nicely, above 5-k. i'll see you as we take you through it on "closing bell." i'm brian in for kelly once again. here's what's ahead. it's been a big week for semiconductor stocks. there's one name that may not be getting all the attention from wall street, but it is getting lots of loves from our market guest. he'll name it and tell us why. >>> could we be in for a spring selling season surprise? yes, says real estate broker and tv star. he is here with the trends he is seeing. >>> a special three buys and a bail, super bowl style. we're talking streaming,
>> i think mike santoli is right on. >> jason? >> caterpillar.s holding quite nicely, above 5-k. i'll see you as we take you through it on "closing bell." i'm brian in for kelly once again. here's what's ahead. it's been a big week for semiconductor stocks. there's one name that may not be getting all the attention from wall street, but it is getting lots of loves from our market guest. he'll name it and tell us why. >>> could we be in for a spring selling...
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Feb 6, 2024
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mike santoli, we'll see you on "the closing bell." week including snap and uber and many more. we're back aft ts.erhi were yog would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption. you and your family are comfortable, safe, and secure. stay tuned, to get over a
mike santoli, we'll see you on "the closing bell." week including snap and uber and many more. we're back aft ts.erhi were yog would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety. when...
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Feb 13, 2024
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mike santoli. >>> coming up, the setup on more key earnings, ich whis still ahead this week.ll do it next. your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >>> we're back with earnings to set up for you. all right, josh, shake shack, thursday before the bell. book end those for me. >> that will be a fun day for me. let's go backwards. toast is a really, i think, a really interesting situation. this has been a tough stock. it got absolutely murdered the last time they reported in november. but then if you look at a chart, it fought all the way back. it got back into the 20s. so actually, it has no decline since that earnings report, which is incredible. and i think the reason is, this is small-cap tech. this is -- and it's preprofitable small cap tech. this is
mike santoli. >>> coming up, the setup on more key earnings, ich whis still ahead this week.ll do it next. your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >>>...
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Feb 15, 2024
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senior markets commentator mike santoli joins us with his "midday word."e were talking earlier. hard not to see right now small caps outperforming everybody else up almost 1.5% with rates above 4%. normally they're interest rate sensitive. >> i think at certain thresholds they would be more interest rate sensitive. would be interest ra sensitive. so we've remained most of what was lost monday, tuesday, so partly the rotation toward the majority of stocks and away from the handful of big winners has resumed on some level. so i think you can say the cpi number didn't really up-end the overall picture of economic resilience, disinflation. we're going to wait and see before deciding that game is over. the other piece is at the very top of the russell 2,000 is a stock called super micro, which is now 1.6% of a 2000 stock indecision. and microstrategy number two. so the russell 2,000, sure, it's broad and economically sensitive, a lot of financials. it's also some of the craziest momentum stocks in the world. this is going back to 2021 when game stop and amc wer
senior markets commentator mike santoli joins us with his "midday word."e were talking earlier. hard not to see right now small caps outperforming everybody else up almost 1.5% with rates above 4%. normally they're interest rate sensitive. >> i think at certain thresholds they would be more interest rate sensitive. would be interest ra sensitive. so we've remained most of what was lost monday, tuesday, so partly the rotation toward the majority of stocks and away from the...
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Feb 26, 2024
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senior markets commentator mike santoli here with his midday word. of the assessments of kind of where we are from messrs. diamond and buffett? >> yeah. >> did you get them within 24 hours of one another so it's good timing to discuss both. >> neither of them sounding any alarms and when it comes to jamie diamonmon, and he's almos paying the premium for the stock and he's doing the worrying for you and when it comes to buffett in terms of where the market is priced it's not surfacing a lot of, you, obvious opportunities to throw a lot of capital out right now, and i think that links up with what jamie had to say aboutceo confidence. in other words, people are recognizing that it's a pretty comfortable environment and if you look at financial conditions and everything seems like things are better than anticipated a few months ago and now people have more or less internalized that and it certainly leaves you in the moment of saying what can go wrong and where we go from here, and i don't think that there's a lot that you would necessarily say this righ
senior markets commentator mike santoli here with his midday word. of the assessments of kind of where we are from messrs. diamond and buffett? >> yeah. >> did you get them within 24 hours of one another so it's good timing to discuss both. >> neither of them sounding any alarms and when it comes to jamie diamonmon, and he's almos paying the premium for the stock and he's doing the worrying for you and when it comes to buffett in terms of where the market is priced it's not...
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Feb 29, 2024
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that's mike santoli. >>> the setup on auto desk kari is in it.l trade it next. across bipolar depression. unlike some medicines that only treat bipolar i, caplyta treats both bipolar i and ii depression. and in clinical trials, movement disorders and weight gain were not common. call your doctor about sudden mood changes, behaviors, or suicidal thoughts. antidepressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke. report fever, confusion, stiff or uncontrollable muscle movements which may be life threatening or permanent. these aren't all the serious side effects. caplyta can help you let in the lyte™. ask your doctor about caplyta. find savings and support at caplyta.com do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their
that's mike santoli. >>> the setup on auto desk kari is in it.l trade it next. across bipolar depression. unlike some medicines that only treat bipolar i, caplyta treats both bipolar i and ii depression. and in clinical trials, movement disorders and weight gain were not common. call your doctor about sudden mood changes, behaviors, or suicidal thoughts. antidepressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke. report...
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Feb 14, 2024
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mike santoli will be here with his "midday word" next.thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ >>> we're back. our senior markets commentator, mike santoli, is at the desk once again. this feels very much like a, hey, let's catch our breath kind of day and see what tomorrow holds. i'm not sure what today is going to answer for anybody. >> exactly. it's pretty noncommittal. skimmed away some of the froth, and it was aggressive in terms of how much down side skew there was to the action yesterday. you definitely got fewer stocks that were stretched to the upside, but you didn't get to the point it was truly cleansed. i do think the bond market calming down helped us get our footing under us. i want to know if the dip buyer will show up in bonds. that's arguably at the higher end of the range, about 4.25, real yields start to seem like you're getting paid again. so tha
mike santoli will be here with his "midday word" next.thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ >>> we're back. our senior markets commentator, mike santoli, is at the desk once again. this feels very much like a, hey, let's catch our breath kind of day and see what tomorrow holds. i'm...
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Feb 8, 2024
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your "midday word" with mike santoli is next. e benefits and retirement savings.help you make the right investment and benefit choices. so you can reach today's financial goals. and look forward to a more confident future. voya, well planned, well invested, well protected. [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. you know when you have those moments? that time to reflect. to be like wow! what did i do to get here? (tense music) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage, you. (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in
your "midday word" with mike santoli is next. e benefits and retirement savings.help you make the right investment and benefit choices. so you can reach today's financial goals. and look forward to a more confident future. voya, well planned, well invested, well protected. [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really...
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Feb 26, 2024
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i turn back to mike santoli.entiment, and maybe the technicals turning a little bit. chris verrone -- bank of america survey that we sent today, 70% of those suggest this could last longer than 24. even wolf which has been more negative than most for while, this could go at least till spring. >> if you defer to the trend in what the trend is telling you, then you say this market is certainly innocent until proven otherwise, and the kind of go with that and say all pulled blacks are kind of random and probably not that myth damaging at this point. sentiment has gone certainly in positioning has gone from being an asset to the bull case, i would say 56 months ago, to being neutral a best at this point. the goldman sachs positioning indicator got to the stretch level recently, that combines retail and other things. if you look at a charge of the cbo e, the stock of the options exchange, it's taken another leg vertical to the upside of this point. that's because of all the huge call option buying that's going to the
i turn back to mike santoli.entiment, and maybe the technicals turning a little bit. chris verrone -- bank of america survey that we sent today, 70% of those suggest this could last longer than 24. even wolf which has been more negative than most for while, this could go at least till spring. >> if you defer to the trend in what the trend is telling you, then you say this market is certainly innocent until proven otherwise, and the kind of go with that and say all pulled blacks are kind...
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Feb 27, 2024
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mike santoli has joined the desk for his "midday word" word.>> it teals like we're a little apprehensive. we have had these internal, you know, digestion periods over the course of this. four months since the low is today. you know, october 27th. it seems like we've gone that period of time without a 3% pullback from the s&p. the only way you do that is strong momentum in the up moves and rotation instead of broad urgent selling on the down move. can you be so lucky it stays like that for long? usually, you get several 3% to 5% pullbacks for no reason over the course of a year and we haven't had one in four months. >> josh brown making the point that don't tell me that the market is not broadening, because there are a lot of big stocks and sectors that are at or near new highs. so don't look at the russell to tell you whether the market is broad. >> sure. >> look at these other massive stocks that are doing really well. >> there's been pockets of strength throughout industrials, consumer related stuff has done well. i was just looking too. sinc
mike santoli has joined the desk for his "midday word" word.>> it teals like we're a little apprehensive. we have had these internal, you know, digestion periods over the course of this. four months since the low is today. you know, october 27th. it seems like we've gone that period of time without a 3% pullback from the s&p. the only way you do that is strong momentum in the up moves and rotation instead of broad urgent selling on the down move. can you be so lucky it stays...
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Feb 28, 2024
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. >>> we'll take a break and come back with mike santoli and his "midday word."really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪ my name is sister monica claire. because of tiktok, i've created a community where people can feel safe asking questions about spirituality. i try to provide a really accessible way of them learning about religion and spirituality, that's not intimidating. somebody in the comments said, i have no idea how i got on nun talk, but i'm not mad about it. i'm going to teach you how to pray. i'm going to teach you how to meditate, how to connect with a higher power, because we need that. we need strength and comfort. >>> welcome back. mike santoli is with us now for h
. >>> we'll take a break and come back with mike santoli and his "midday word."really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to...
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Feb 8, 2024
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we begin with the markets, and mike santoli, that big milestone potentially for the s&p 500, obviously pushing against the ceiling, mike. >> we are, tyler. just hesitating a little bit, not too unusual when you get to a big widely watched row number index level. though the 4000 level which is first crossed in 2021 i think really just blasted off from their. but other thousand point thresholds in this index have created a bit of a u overshoot and then come back to test it. right now what's interesting to me and slightly ironically the reason that we have not crossed above 5000 is because a lot of them make a cap stocks that have gone us to this precipice are not really doing a whole lot today, so the s&p is outperforming, there's so much scrutiny over whether this rally has been too narrow. the average stock is just been going sideways after a great run last year. it hasn't really done anything wrong, just suspect the next pullback will be the big, one we're embracing positive economic news earnings season seems like it's good enough to ratify first quarter forecasts. things seem attack
we begin with the markets, and mike santoli, that big milestone potentially for the s&p 500, obviously pushing against the ceiling, mike. >> we are, tyler. just hesitating a little bit, not too unusual when you get to a big widely watched row number index level. though the 4000 level which is first crossed in 2021 i think really just blasted off from their. but other thousand point thresholds in this index have created a bit of a u overshoot and then come back to test it. right now...
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Feb 7, 2024
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request a free quote today. >>> senior markets commentator mike santoli joins us with his "midday wordlad you're here to continue the conversation, which mr. belski says of the two top heavy market overhyped, overblown, overstated, and has historical data to back up his argument, too. >> i agree, first of all, there's no textbook historically rigorous way to say this is how markets that show these divergences dissolve you've had period where it's gone on for a little while it's been noise. i keep pointing out today is another day when you have, like, 150 new two-week highs against 40 new week lows it's not six stocks versus nothing. the other interesting part, though, of this market here is the way the market plays defense actually feeds the highest momentum names if you go back almost a year ago -- >> that's fair >> -- the way we had the divergences really start to take hold was the silicon valley bank crisis everyone braced for conditions tightening up. banks crashed. small caps had some trouble. and the market just migrated toward quality and this is what it is the top-heavy market
request a free quote today. >>> senior markets commentator mike santoli joins us with his "midday wordlad you're here to continue the conversation, which mr. belski says of the two top heavy market overhyped, overblown, overstated, and has historical data to back up his argument, too. >> i agree, first of all, there's no textbook historically rigorous way to say this is how markets that show these divergences dissolve you've had period where it's gone on for a little while...
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Feb 16, 2024
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i'm sara eisen with mike santoli.ith us on set making the case for why the fed should be holding of
i'm sara eisen with mike santoli.ith us on set making the case for why the fed should be holding of
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Feb 6, 2024
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i turned back to mike santoli . were adding a little bit as we speak. tao is 38,500. >> as the market does this see something were some stocks work on a given day. volatility has gotten just strangled. that is what is happening here. people were tensed up and you got the vicks above 14 into 15. see a lot of people scrutinizing exactly what the market expects interns of jumpiness because it seems as if there has been a ton of bets on continued stability. a lot of selling of options, a lot of people saying nothing can seem to knock this market off course. that works for as long as it works and you don't want to fight it. it is a bull market. you should treat it as such. that being said, the market is reacting to itself. it didn't find a lot of macro to chew on today. the two day spike in yields has cooled off. that is keeping socks kind of calm. i have the antenna raised for this idea that there could be some instability waiting for us. maybe it is going into nvidia earnings or after in a couple of weeks. we have cpi in one week as well. >> you mentioned the market ripe
i turned back to mike santoli . were adding a little bit as we speak. tao is 38,500. >> as the market does this see something were some stocks work on a given day. volatility has gotten just strangled. that is what is happening here. people were tensed up and you got the vicks above 14 into 15. see a lot of people scrutinizing exactly what the market expects interns of jumpiness because it seems as if there has been a ton of bets on continued stability. a lot of selling of options, a lot...
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Feb 12, 2024
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see -- mike santoli is here to break down the crucial moments of the trading day.huge rally in arms sales. and julia -- what's beyond the snaps? michael, we will begin with you. we are going to see if we can get another record close for the s&p 500. it looks like we are going to get one for the dow. the russell is the standout, about 2%. >> that is the story in terms of the relative strength of pictured here. i think that you saw some things today that looked like possible short term crescendo's in the most overheated parts of the market. we touched best -- bitcoin 50 k after s&p five k. you have nasdaq 5000, 118,000. nvidia almost got 17, 50 15 points off the high. so you had this kind of extreme of short term action. that is reversing. now it's being insulated by the russell up 2%, banks up 2%, consumer cyclicals upped 7% at half. for now, it is a rotation. it is not -- we used up all the fuel, now we're going to coast on to the shoulder. >> that has been a critical question. if you have pull backs in those areas, is it cushioned? is there evidence that suggests
see -- mike santoli is here to break down the crucial moments of the trading day.huge rally in arms sales. and julia -- what's beyond the snaps? michael, we will begin with you. we are going to see if we can get another record close for the s&p 500. it looks like we are going to get one for the dow. the russell is the standout, about 2%. >> that is the story in terms of the relative strength of pictured here. i think that you saw some things today that looked like possible short term...
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Feb 13, 2024
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let's begin with mike santoli and the bigger picture.s today's drop an appropriate reaction to the cpi, a needed pullback, something as we heard just a moment ago a pullback would be a welcome thing here. >> yeah, i think all of that is in play, tyler. the setup wasat a pretty extended market. it was getting a bit overheated. everybody was saying this for a while on that stretch to 5,000. in fact, we haven't had a 3% pullback in the s&p 500 since october. that's an unusually long stretch of time without having at least a decent dip. we're not there yet. you have to go down another percent to get to that 3%. i think that makes sense just tactically to say that, you know, we've got an lot of profits built up that you can take. now, also, the cpi report it did sort of disturb the happy picture of a glide path toward 2% inflation rate and the soft landing that had been largely assumed and priced in for now. i think that whether, in fact, it changes materially what the fed does, i'm kind of less interested in that. i don't think stocks are re
let's begin with mike santoli and the bigger picture.s today's drop an appropriate reaction to the cpi, a needed pullback, something as we heard just a moment ago a pullback would be a welcome thing here. >> yeah, i think all of that is in play, tyler. the setup wasat a pretty extended market. it was getting a bit overheated. everybody was saying this for a while on that stretch to 5,000. in fact, we haven't had a 3% pullback in the s&p 500 since october. that's an unusually long...
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Feb 9, 2024
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mike santoli, you first. when the bell was written yesterday, were like oh there it is.o kind of commemorated twice, but only twice, ideally. you know, you don't want to have it necessarily dragged on. we provided no clear genuine resistance, that's probably all a good thing. i think a -- beyond 5000 as a figure, the fact that it has doubled in more than, less than four years really from the low in 2020, is that we are up in the last 15 weeks, 22%. that is a 100% annualized total return, that is how much we have been compounding. so, it is among the best 15- week stretches in the entire history of the market, there's like four other fear -- in the last 80 years. >> incredible stat. >> now, that being said, the next question is, is it too much, in a hurry? and, you might be getting that, or were kind of at that point where it seems like enough for now, just because of the heavy skew towards the highest momentum stalks -- shorts have been finally starting to get squeezed and run. but that doesn't mean the overall trend is in jeopardy, i don't think. 50 50, and thereabouts,
mike santoli, you first. when the bell was written yesterday, were like oh there it is.o kind of commemorated twice, but only twice, ideally. you know, you don't want to have it necessarily dragged on. we provided no clear genuine resistance, that's probably all a good thing. i think a -- beyond 5000 as a figure, the fact that it has doubled in more than, less than four years really from the low in 2020, is that we are up in the last 15 weeks, 22%. that is a 100% annualized total return, that...
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Feb 5, 2024
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mike santoli at the new york stock exchange. good morning. >> good morning. yeah.happened through a gauntlet. market continues to be tested on some of the major premises that got us here. which is one, can good economic news be treated good news by markets? have a bit of rethink on the initiation of potential fed rate cuts by powell and by the data. then, of course, you had some of the choppier big cap tech earnings causing a gut check. uneven. get to a new record. gotten the market to a bit of the upper end of this trend line. kind of pointing this out for a while. you want to take that as a trend since the fall, always projected a little over 5,000. a bit of a maybe culmination moment or stock re-assess it. be mindful. one year ago february 2nd right after a flukey seeming very strong january jobs report, sound familiar? you did have rates go higher and you had the market have a pullback. like 3% to 5% then svb. a correction, doesn't look like a lot on this one-year chart. what it was in february and it can be choppy. throw that in the mix. ten year treasury. ano
mike santoli at the new york stock exchange. good morning. >> good morning. yeah.happened through a gauntlet. market continues to be tested on some of the major premises that got us here. which is one, can good economic news be treated good news by markets? have a bit of rethink on the initiation of potential fed rate cuts by powell and by the data. then, of course, you had some of the choppier big cap tech earnings causing a gut check. uneven. get to a new record. gotten the market to a...
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Feb 1, 2024
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santoli. let's show you where things stand after the comments from jay powell nasdaq is up 117 points. this follows the selloff after jay powell signalled a march rate cut was unlikely. >> 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 the march meeting to identify march as the time to do that. that's to be seen. i wouldn't call -- when you ask me about in the near term, i'm hearing that as march. i would say i don't think it's the likely case or base case >> comments during the conference sparking a selloff. dow losing 300 points breaking the four-day winning streak. the index up 1% for the month of january. gentlema nasdaq sliding down 2% for the worst day since october. the s&p 500 posting the worst day since last september down 1.6% treasury yields with the ten-year yield at 3.946. the two-year yield at 4.240. we will talk a lot about the path for interest rates with former fed vice chairman roger
santoli. let's show you where things stand after the comments from jay powell nasdaq is up 117 points. this follows the selloff after jay powell signalled a march rate cut was unlikely. >> 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 the march meeting to identify march as the time to do that. that's to be seen. i wouldn't call -- when you ask me about in the near term, i'm hearing that as march....
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santoli.r the comments from jay powell nasdaq is up 117 points. this follows the selloff after jay powell signalled a march rate cut was unlikely. >> based on the meeting today, i
santoli.r the comments from jay powell nasdaq is up 117 points. this follows the selloff after jay powell signalled a march rate cut was unlikely. >> based on the meeting today, i
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Feb 2, 2024
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. >>> we're back with our senior markets commentator, mike santoli, at the desk yes, this is a meta markett this is a good news, it's okay to be good news market with the jobs report. >> we're getting tested on it a little bit the average stock is backing off slightly the small caps are struggling a little bit but it's interesting that the bond market is not grabbing hold of a 353,000 net new jobs number and running with it as if it's the trend. one year ago tomorrow january jobs numbers, over 500,000, the estimate was under 200,000 something about january. but remember what happened last year, the narrative was overheating market, the fed has to go to 6%. so there was this narrative scramble after that. we're not doing that right now we're not taking that and saying this is the new trend, but take away, economic resilience, plus inflation mostly going the right way, enables us to wait for the fed to have the data go its direction and, yes, it's okay. it's still an uneven market, let's be honest, but not fatally so >> we got through the week the fed meeting and all these mega caps will com
. >>> we're back with our senior markets commentator, mike santoli, at the desk yes, this is a meta markett this is a good news, it's okay to be good news market with the jobs report. >> we're getting tested on it a little bit the average stock is backing off slightly the small caps are struggling a little bit but it's interesting that the bond market is not grabbing hold of a 353,000 net new jobs number and running with it as if it's the trend. one year ago tomorrow january jobs...
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Feb 5, 2024
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. >> up next, mike santoli, with his midday word. we're back after this.ere made to act spontaneously. we were made to help plan accordingly. ♪ [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates your monthl
. >> up next, mike santoli, with his midday word. we're back after this.ere made to act spontaneously. we were made to help plan accordingly. ♪ [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. - "best thing i've ever done." that's what...
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mike santoli is here at the desk for his "midday word."arket, a snapback from yesterday's powell-induced selloff, i suppose >> yes, for sure >> what do you think here? >> we talked about it in the other close. often, a little bit of a rethink. but i have to say it's not the cleanest story line all around you have the bond markets saying we have to wait longer for the fed to ease. we'll ease on our own, we're buying the heck out of the ten-year treasury yield, bringing it below 4% the rest of the market can live with that. on the same day, first cut -- first quarter from gdp atlanta is 4.2%, or something nutty like that and labor a little soft you know, i said coming into the week, quality is kind of expensive. the cheap cyclicals seem hard to trust. you net it all together, and it feels like the market probably needs a little bit of a reset or a rest, but it's coming in this benign way so far, which is chopping around, churning, rotating side waist. it is february, you might have to expect a little bit more turbulence i am glad and encoura
mike santoli is here at the desk for his "midday word."arket, a snapback from yesterday's powell-induced selloff, i suppose >> yes, for sure >> what do you think here? >> we talked about it in the other close. often, a little bit of a rethink. but i have to say it's not the cleanest story line all around you have the bond markets saying we have to wait longer for the fed to ease. we'll ease on our own, we're buying the heck out of the ten-year treasury yield,...
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Feb 26, 2024
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mike santoli. >>> when we come back walmart splitting its stock.ans for the mpy'inuee t d coans flncinheow in a couple minutes. ♪ upbeat music ♪ upbeat music how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> welcome back to "squawk on the street." walmart's three for one goes into effect this morning. our dom chu is looking at the ripple effects of that split. >> good morning, carl. will it make it more accessible for employees, get people more involved in the stock? that's what reducing the price per share does. it doesn't change the value of walmart. if you take a look at overall the picture for walmart and how it's performed since going public in 19
mike santoli. >>> when we come back walmart splitting its stock.ans for the mpy'inuee t d coans flncinheow in a couple minutes. ♪ upbeat music ♪ upbeat music how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the...
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seems to be having on nvidia we mentioned earlier, mike santoli joined us, $1.6 trillion, shares up another down 7% amazon operating leverage there as well. and does seem to be certainly striking some chords of optimism amongst the investor base there, given the belief those investments they made previously are going to be a tailwind to march. don't miss the ceo of crowdstrike next hour along with what the white house's reaction is to that very strong jobs number live market coverage continues after this (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. >>> good friday morning. welcome to "money movers." i'm carl quintanilla with sara eisen live o
seems to be having on nvidia we mentioned earlier, mike santoli joined us, $1.6 trillion, shares up another down 7% amazon operating leverage there as well. and does seem to be certainly striking some chords of optimism amongst the investor base there, given the belief those investments they made previously are going to be a tailwind to march. don't miss the ceo of crowdstrike next hour along with what the white house's reaction is to that very strong jobs number live market coverage continues...
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. -- comes it right next to me on post 9, me and mike santoli and confirm it. right, mike?ial, and they were ready, yes. okay, -- >> up next, and activists is setting his sights on, or setting their sights on mattel. we have those detailans d much more, when we take you inside the market zone. ount fee and earn a competitive apy. sofi can help you fund all your ambitions, no matter how big... or small. ready break! like investing in the athletes of tomorrow. [♪♪] awkward question... is there going to be anything... leftover? oh, absolutely. [inner monologue] my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named... giancarlo! and i didn't live in that shoebox for years not just... with empower, we get all of our financial questions answered. so you don't have to worry. i guess i'll get the caviar... just kidding. join 18 million americans and take control of your financial future with the real-time dashboard and real-live conversations. empower what's next. (ella) fashion moves fast. and real-live conversati
. -- comes it right next to me on post 9, me and mike santoli and confirm it. right, mike?ial, and they were ready, yes. okay, -- >> up next, and activists is setting his sights on, or setting their sights on mattel. we have those detailans d much more, when we take you inside the market zone. ount fee and earn a competitive apy. sofi can help you fund all your ambitions, no matter how big... or small. ready break! like investing in the athletes of tomorrow. [♪♪] awkward question......
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Feb 12, 2024
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. >> mike santoli, thank you. >>> both the dow and s&p are fresh records.y next guest thinks that the rally led by a handful of big tech companies is to narrow in favor sectors with macro tailwinds and he brings us some of his top names. david, chief market strategist at turtle creek wealth advisers. good to see you. are you concerned that the market has too much fraud in it or is something else bothering you? >> the last conversation you had was instructed. if you asked me six months ago, i would have said that it feels like 99, but as we move further through the cycle, it feels like 1995. this immaculate disinflation that is coming about without a recession and it doesn't look like we will have one now. clearly, it is going the market. broadening out would be nice and in recovery, you have small caps and we are not saying that yet. turn back the clock a year and let me tell my clients to load up and look like a genius. today, it is really hard to bet against the market and i think you have to be investing. >> you have to be invested. steer clear of the ma
. >> mike santoli, thank you. >>> both the dow and s&p are fresh records.y next guest thinks that the rally led by a handful of big tech companies is to narrow in favor sectors with macro tailwinds and he brings us some of his top names. david, chief market strategist at turtle creek wealth advisers. good to see you. are you concerned that the market has too much fraud in it or is something else bothering you? >> the last conversation you had was instructed. if you...
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Feb 8, 2024
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mike santoli has done a phenomenal job talking about these companies and their qualitative nature and almost defensive in a sense, and the skepticism that remains in the market wants to own that defensive element in the market. i just think the financial condition of these companies is different than it was a 97, 98. >> stephanie, are we on the cusp of a mini mouth down? is it at danger levels? are you worried about that or not? >> while, i am worried about -- we are a little bit over bought and we have a really big inflation number next week. i wouldn't be surprised to see volatility, but here is the thing. the economy is stronger and why that is important is because earnings have been stronger than people thought. we are running at about 5% growth for this past quarter. we are going to do upper single digits, maybe even double digits from 2024. it's not just topline, it's also margins. procter & gamble is the best example of this story of what i said. 4% organic growth is fine. they had 520 basis point year-over- year increase in gross margins tied to productivity, pricing, and lowe
mike santoli has done a phenomenal job talking about these companies and their qualitative nature and almost defensive in a sense, and the skepticism that remains in the market wants to own that defensive element in the market. i just think the financial condition of these companies is different than it was a 97, 98. >> stephanie, are we on the cusp of a mini mouth down? is it at danger levels? are you worried about that or not? >> while, i am worried about -- we are a little bit...
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Feb 9, 2024
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>> i think mike santoli is right on. >> jason? >> caterpillar. margins are improving drastically. >> s&p 500 is holding quite nicely, above 5-k. i'll see you as we take you through it on "closing bell." i'm brian in for kelly once again. here's what's ahead. it's been a big week for semiconductor stocks. there's one name that may not be getting all the attention from wall street, but it is getting lots of loves from our market guest. he'll name it and tell us why. >>> could we be in for a spring selling season surprise? yes, says real estate broker and tv star. he is here with the trends he is seeing. >>> a special three buys and a bail, super bowl style. we're talking streaming, snacking, and of course, boozing, because we're counting down to the big game. all of that is ahead. as always, let's begin with the markets and dominic chu and how we're looking. >> a record high in the s&p 500. stop me if you have heard this before. we're sitting at 5,018. up one half of 1%, and let me put a little star over here. record highs for the s&p 500, the dow
>> i think mike santoli is right on. >> jason? >> caterpillar. margins are improving drastically. >> s&p 500 is holding quite nicely, above 5-k. i'll see you as we take you through it on "closing bell." i'm brian in for kelly once again. here's what's ahead. it's been a big week for semiconductor stocks. there's one name that may not be getting all the attention from wall street, but it is getting lots of loves from our market guest. he'll name it and tell...
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Feb 16, 2024
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. >>> welcome to closing bell, i'm mike santoli in first got wapner.y unflappable our. coming off the sell-off but wavering in the last hour. it does s&p 500 finn reach of another record high. any positive close on it would be a new record. and weekly gain out of the past 16. this despite higher than expected ppe and placing this morning. upside surprise to cpi on tuesday, soft retail sales report for january along the way. as well as some uncharacteristic weakness in the magnificent
. >>> welcome to closing bell, i'm mike santoli in first got wapner.y unflappable our. coming off the sell-off but wavering in the last hour. it does s&p 500 finn reach of another record high. any positive close on it would be a new record. and weekly gain out of the past 16. this despite higher than expected ppe and placing this morning. upside surprise to cpi on tuesday, soft retail sales report for january along the way. as well as some uncharacteristic weakness in the...
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Feb 16, 2024
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. >>> welcome to closing bell, i'm mike santoli in first got wapner. this make or break hour begins with a pretty unflappable our. coming off the sell-off but wavering in the last hour. it does s&p 500 finn reach of another record high. any positive close on it would be a new record. and weekly gain out of the past 16. this despite higher than expected ppe and placing this morning. upside surprise to cpi on tuesday, soft retail sales report for january along the way. as well as some uncharacteristic weakness in the magnificent 7 and nasdaq- 100. it's like 100 down almost 1% on the week to date basis. but industrials, health care grabbing the baton of leadership for the week. small blue chips such as berkshire hathaway, walmart rushing to all-time highs. this takes us to our top of the take. what to make of the market that has been so far tough to rattle, even with the bumpy stretcher economic data and some signs of froth surfacing and it's more speculative corners. let's have camera, doesn't you reach well officer and courtney garcia, he invented the s
. >>> welcome to closing bell, i'm mike santoli in first got wapner. this make or break hour begins with a pretty unflappable our. coming off the sell-off but wavering in the last hour. it does s&p 500 finn reach of another record high. any positive close on it would be a new record. and weekly gain out of the past 16. this despite higher than expected ppe and placing this morning. upside surprise to cpi on tuesday, soft retail sales report for january along the way. as well as...
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. >>> over to mike santoli.portant number that e were have going. five-week winning streaks on the averages, either way? >> yeah. five-week winning streak. this would be the sixth. also up this week, the 15th out of the last 16 weeks. nine-week win streak, one down and five. see what happens this week. this persistence in the rally is usually a sign of underlying strength. here's a chart of the s&p going back to middle of 2022. you can't see, tuesday's little air pocket. 1.4%. one of the reasons, again, keep pointing it out. everyone was looking for this area right above 50/50. just say, okay. what's the trend since the bear market low in october? this is at the upper edge of it. pressing, pressing, pressing on that. definitely a little bit of speculative action going on, but we've proven the market can absorb a little lift in bond yields we've had recently. also the taking out of several projected rate cuts from what we thought a month ago. seems as if things working together pretty well. people complaining sti
. >>> over to mike santoli.portant number that e were have going. five-week winning streaks on the averages, either way? >> yeah. five-week winning streak. this would be the sixth. also up this week, the 15th out of the last 16 weeks. nine-week win streak, one down and five. see what happens this week. this persistence in the rally is usually a sign of underlying strength. here's a chart of the s&p going back to middle of 2022. you can't see, tuesday's little air pocket....
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Feb 28, 2024
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thank you, mike santoli. and savita is here with us. i know interested, too. mike?d economy. new gdp data due out 8:30 eastern time. big surprising could be better growth numbers. here with us, savita subramanian. always good to see you. >> hi. great to be here. >> so discretionary? >> yeah. >> retail? >> yep. >> travel? >> well -- yeah. travel i think maybe a little less, though, but my sense is that the world is not -- investors, professional investors, are not preepared fo a positive growth surpriser. prepared for almost every other tail risk. in meetings i hear talk about the most dire scenarios. u.s. debt defaulting, civil war in the u.s. nobody talk answer the fact we keep revising gdp higher and earnings are still surprising. that's the crux of it. that we're still in this wall of negativity, wall of worry, and folks are hiding out in certain scenes like a.i. obviously has been a great story, but i think there's more to go in terms of gdp-sensitive companies actually coming back to life. >> we've seen a little, glimmers of home ringe retail. despite commentar
thank you, mike santoli. and savita is here with us. i know interested, too. mike?d economy. new gdp data due out 8:30 eastern time. big surprising could be better growth numbers. here with us, savita subramanian. always good to see you. >> hi. great to be here. >> so discretionary? >> yeah. >> retail? >> yep. >> travel? >> well -- yeah. travel i think maybe a little less, though, but my sense is that the world is not -- investors, professional...
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Feb 28, 2024
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i'm sara eisen with mike santoli live today on the floor of the new york stock exchange.ding to the ftc on the agency's block of its albertson's merger. >> plus, the ceo of bny mellen ahead of pce inflation report tomorrow and what he expects from the fed. >> the ceo of cava on a huge earnings beat and same-store sales surge for the quarter, a lot higher than the market was expecting. >> for sure. >> major indices right now are still under some pressure, but rising towards the flat line. the s&p 500 is almost back to
i'm sara eisen with mike santoli live today on the floor of the new york stock exchange.ding to the ftc on the agency's block of its albertson's merger. >> plus, the ceo of bny mellen ahead of pce inflation report tomorrow and what he expects from the fed. >> the ceo of cava on a huge earnings beat and same-store sales surge for the quarter, a lot higher than the market was expecting. >> for sure. >> major indices right now are still under some pressure, but rising...
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Feb 5, 2024
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mike santoli is here to break down the action and talk about this battle tested bull that we're in. > i would say you can look at a 20% gain over 3 months, not even a 3% pullback and say it's been smooth sailing, and it hasn't. it's been through an obstacle course exactly on the fronts that we're encountering today, which is, can the market embrace good economic news as it comes? the second year in a row the first friday in february, we got a huge strong employment report. last year, february 2nd, over half a million jobs, and it caused a rethink in terms of how the economy was moving. and did we have to raise our expectations for where rates would go. 6% terminal rate. that was the talk back then. i don't think we're there. we're going to have to see more data. it is something that tells us how much did the market depend on and so and deep fed rate cuts. we're not going to get the soon part at least not in march. all that together with the market that is uneven. we have to acknowledge the earnings growth is coming from a relatively contained group of stocks and the rest are suffering
mike santoli is here to break down the action and talk about this battle tested bull that we're in. > i would say you can look at a 20% gain over 3 months, not even a 3% pullback and say it's been smooth sailing, and it hasn't. it's been through an obstacle course exactly on the fronts that we're encountering today, which is, can the market embrace good economic news as it comes? the second year in a row the first friday in february, we got a huge strong employment report. last year,...
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mike santoli. >> for more on the markets and all the record-highs we've been seeing, i want to bring longtime bull, but the truth is there have been moments where you've pulled back or told folks hesitate. where are you now, professor? >> well, i still think the momentum is there. make the trend your friend. go with the flow. i mean, we're selling it 20 times forward earning, which i think is quite reasonable. the tech stocks are 30 or plus. the rest of the market is 16. so, you know, there's a lot of stocks that are quite reasonable if you don't think the tech will continue itself movement upward. overall the momentum is still positive, and i'm still positive on the market. >> the segaleing -- see seeing segel family is doing what? >> certainly i wish i put everything in nvidia. you said warren buffett said nothing much could move the needle. if he had nvidia, he could have moved the needle. certainly the momentum in some of those stocks might be beginning. i look back at the '99, '98, 2000. the first was cisco. it was supposed to be the first billion dlarl stock. cisco was selling
mike santoli. >> for more on the markets and all the record-highs we've been seeing, i want to bring longtime bull, but the truth is there have been moments where you've pulled back or told folks hesitate. where are you now, professor? >> well, i still think the momentum is there. make the trend your friend. go with the flow. i mean, we're selling it 20 times forward earning, which i think is quite reasonable. the tech stocks are 30 or plus. the rest of the market is 16. so, you...
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Feb 9, 2024
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over to our senior market commentator mike santoli. i've been underestimating the uae i think mike.ney market assets now. maybe cover the majority, if we get agreement on that. we'll see. look, in terms of the s&p 500 talking about big numbers. yeah 5,000 interesting. maybe not technically, fundamentally significant. the number is. up 22% from intraday low late october. it's just a bit over three months ago. it has gotten just a little stretched relative to 200-day average. in july a similar percentage above trend. the thing is, when you get overbought, this is just a statistical reading of it being a little overbought, it means the underlying trend is strong eve n if you cool off. doesn't mean an absolute top. that cooloff flatten out a little. see if that does happen at some point. looks like open above 5,000 today. look, though, at equal weighted version of the s&p. complaining top-heavy move. narrow leadership. just a trillion dollar plus market cap companies. not really the case. equal weight s&p not as impressive a surge. a one year. unlike the previous times when you've got t
over to our senior market commentator mike santoli. i've been underestimating the uae i think mike.ney market assets now. maybe cover the majority, if we get agreement on that. we'll see. look, in terms of the s&p 500 talking about big numbers. yeah 5,000 interesting. maybe not technically, fundamentally significant. the number is. up 22% from intraday low late october. it's just a bit over three months ago. it has gotten just a little stretched relative to 200-day average. in july a...
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Feb 12, 2024
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mike santoli joins us now to tell us why the bull/bear debate is trapped in the '90s?erun of soft landing of 1995. bears last week drawing parallels to '99 and overheated tech-led market. some parallels. one-year s&p 500 actually has taken on a pretty steep angle of this. you can see here. remember, above 4,800, a breakout from a basically two-year range. 4,800 previous high back two years. not like we piled on gains in a big way over multiple years, but definitely getting just a little overheated. is some of the trend lines back to october '22 low would say maybe time for a rest. somewhere between 5,000, 5,100. 1999 talk, completely overstated. we haven't had the same velocity or magnitude of gains in the nasdaq. look at momentum etf. stocks within the s&p 500 demonstrating highest momentum. people are focused on there. a almost vertical claim you can imagine, ind nvi nvidia other t stocks like that. other moves previous in the cycle. a five-year chart. overdone. comes back a little. not even as high as we were back a couple years ago with the late 2021, let's say pop
mike santoli joins us now to tell us why the bull/bear debate is trapped in the '90s?erun of soft landing of 1995. bears last week drawing parallels to '99 and overheated tech-led market. some parallels. one-year s&p 500 actually has taken on a pretty steep angle of this. you can see here. remember, above 4,800, a breakout from a basically two-year range. 4,800 previous high back two years. not like we piled on gains in a big way over multiple years, but definitely getting just a little...
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Feb 5, 2024
02/24
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CNBC
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let's bring in michael santoli for more.what are you watching, mike? >> tessa, i would argue we are in the latest phase of the bull market premise on the economy being resulted in the fed pivoting towards easier policy. we have had some applications along the front. maybe it's not as soft a landing as people thought. the first test -- it was very evident on friday as well as today -- can this market embrace good economic news? the economy is strong than expected and means that the fed is going to be slower for a first-rate hike and maybe shallower in terms of the rate hike campaign. can we deal with that? i would argue, you can if this current data is not a complete had fake this is the question. earnings is another piece of this. can earnings come through and by the very largest gross stocks, mostly, and support what are already acknowledged to be a very full valuation for this market? i would say, a tentative yes so far, but more remains to be seen. by no means an extensive market and also an uneven one. one of the ways this market has been passing t
let's bring in michael santoli for more.what are you watching, mike? >> tessa, i would argue we are in the latest phase of the bull market premise on the economy being resulted in the fed pivoting towards easier policy. we have had some applications along the front. maybe it's not as soft a landing as people thought. the first test -- it was very evident on friday as well as today -- can this market embrace good economic news? the economy is strong than expected and means that the fed is...