and the s&p soared almost 30%, its best year since 1995. looking at the sectors of the s&p, all ten rose in the past year. consumer discretionary stocks did the best. they were up an amazing 41%. now the biggest winner on the s&p was netflix. its stock almost quadrupled, rising 297%. the biggest loser -- new mont mining. it plunged 50%. in the commodities markets, gold lost its glitter in 2013. the precious metal tumbled 28% for the year, closing at 1,201 -- $1,201 an ounce. oil prices rose 7%, closing at $98.62 a barrel. >>> now that we've closed the books on such a sensational year, what's in store as the calendar turns the page to january? as we report, wall street history shows january is usually a good month for the markets. [ bell ] >>> 2013 was a great year for stocks, and if history is any guide, 2014 could at least start off with more positive momentum. the number crunchers at the investment groumdp found over t last 100 years, the dow got 1% everian and increased two of three years. the numbers are more positive if you look at a br

so what do i think could happen in the s&p? i'm looking at 8- 10% but we could see the vix a couple of times this year approach 30%, possibly 40%. cyclically i think we're moving toward---we're gonna start seeing volatility go back into the market especially at the fed trying to taper its bond buying. >>warren buffett is making a play for a pipeline technology in north dakota that may help him move oil from that part of the region to refineries. what do you think of what he's doing? >>if warren buffett likes oil then typically his trades are bad at first and then turn into really good trades. if i had a 5 year time frame in some sort of oil play, i would be looking to piggy back warren buffett. that's usually the duration of his trades---about 5 years. if warren likes it it's probably a smart play and might bode well for keystone. >>always good to chat with you mark. mark sebastian of swan wealth advisors, thanks very much. >>thank you. the new year began with more than two million americans signed up for the affordable care act

in that tech bubble basically the s&p tripled in 5 years. k at the lows of 2009 until now, we basically again have tripled in essentially 4 and ½ years but nobody seemed to be worried about that and i think there's a good reason for that. the 1500 level in the s&p that we reached in 2000 was reached too quickly by most accounts given the volatility that we've had over the past 10-12 years. having said that, that's our level. we own that level. the market owes us that level and we got there a few months back. so now that we've gotten there i look at the market as having gone from 1500 to 1850 as opposed to having gone from 600 to 1850. that would be considered a bubble. we were here before. and if you take a chart and you scrunch it all together, essentially we've gone from about 500 in the s&p to about 1840 in about 18 years and that to me doesn't seem to be stretched any longer. >>you mentioned the s&p and i think everybody knows bob iaccino is an index guy. how are you seeing some of the other indexes? >>i think the nasdaq is really going t

i think it's true for the s&p as well. trading at eight times earnings, you get a little bit more concerned. and the pe of nike, your mid 20s, close to 30. that's pretty heavy for companies that are not growing. >> as we've been saying, the s&p is no longer cheap. probably not expensive. it's fully valued. >> i want to hone in on the idea that perhaps in a session like today people are reaching for safety. in order to do so they're liquidating some of their winners. we have seen some gains. large cap stock is where we're going. easily liquidated, right? is that what you've been noticing, mike, in terms of this rotation? >> i definitely see that. if you're going to hit the sell button, you have to hit where there's a bid. the thinner places aren't the places you're going to go. also, it's because these are the names that have been most active generally. as we rode the stock market up, these were the ones seeing the flurry of activity as well. we shouldn't so surprised when it starts to turn south. i think dan probably more t

take a gander at the weekly chart of the s&p. another technical tool which is used to measure how overbought or oversold they might be. this is the 100 day moving average of 1755 again. if it breaks down below 1755 the downside is at the bottom of the weekly trading channel around 1670. that would be hard. that would be bad. if we do sink down to the efl wills that would be a 6.8% decline and all the bears out of the wood work have been using. a matrix of what they say when they come on the air, it will go to there. okay. all that said, garner does believe the s&p is due for a short term bounce. after all the pain we have taking of late. but if we do keep rallying from where here like we did today, she expects the s&p to hit a ceiling of resistance at 1828. so we're not going to coup that -- to go up past that level. i want to bring in an altering view. let's look at what carolyn broaden has to say. she's a terrific tech nick who runs the fibonacci.com website. i did huge research for the book. i'm looking at the work. okay? on th

firp sit down this is encoder test 16335 withy in this is encoder test 16336 the s ordered this is encoder test 16337 the f more this is encoder test 16338 this is encoder test 16339 this is encoder test 16340 staff this is encoder test 16341 to mu that each carrying security situation this is encoder test 16342 in this is encoder test 16343 the y where this is encoder test 16344 this is encoder test 16345 fighs to rage on this is encoder test 16346 as no this is encoder test 16347 end the violence this is encoder test 16348 offiy getting this is encoder test 16349 unden neighboring this is encoder test 16350 ethia this is encoder test 16351 this this is encoder test 16352 this is encoder test 16353 friday for analysis of the ongoing situation this is encoder test 16354 and joined now this is encoder test 16355 by this is encoder test 16356 armia and my international this is encoder test 16357 this is encoder test 16358 affas at this is encoder test 16359 duske talks. it this is encoder test 16360 this is encoder test 16361 kickr this is encoder test 16362 indie decent about that already.

the dow tumbled 135 points, the s&p lost 16 points but gold rallied today after tumbling 28% in 2013, the worst annual decline in more than three decades. prices of the precious metal rose $23 an ounce today. crude prices fell ending at a five-week low at $95.44. >>> today may have been an ice patch. the 29% gain for example was 12% greater than the europe 600 index return and stocks that generated 90% of the sales here in the united states, the average gain was a whopping 33%. so will that trend continue in 2014, or should you broaden out globally? seema mody takes a look. >> reporter: they say home is where the heart is, but in 2013, home is where the money was. 1/3rd of all companies that made 90% or more sales in the u.s. beat the s&p 500 thanks to an improving economy and stronger dollar but this year investors may be wise to expand horizons. strategist advice to buy multi-nationals in 2014 because better economic data is likely to come outside the u.s. in the coming year. john says if you're going to take a global approach in investing in 2014, stick with consumer discretionary

the s-4, we could all talk about and appreciate that. at market share from of 2012 versuser the third quarter of this past -- samsung game 4/10 of one what are they doing wrong? why they not getting more? >> the market is starting to commoditize, especially in the west. it is harder for them to compete and get new users when you do not have as many new users coming into the channel. they need to start going more low-end if they want to grow numbers and go after china and other asian markets where they have strong foothold. i think software is one of the reallyngs were they are well known for android but that is a google controlled ecosystem. they need to start doing things that can differentiate themselves above and beyond. see you nodding. what are you thinking? >> the story will not be about apple. it will be about other non-apple players nothing at samsung's heels. samsung is the global leader in smart phones. they are doing a lot of things well. some people say they maybe deserve a little more love. here in the u.s.. it will be about

had in the 1960's? that is right, the equals of 1968. >> as far as worker demographics, is this geared toward getting young people employed or towards older people were fourth of 40 years old who are not participating in the labor force? this would allow them to get in. abouts is not so much creating jobs, although there is a small job creation impact. the people who will be most late 20'sre in their and 30's. the median age is in the 30's for people earning minimum wage. this is not about teenagers. it is people who need this income to survive. >> phil? >> hey, ross. the talking points are always going to be thrown out by the other side. jobs, they feel like the economic research -- if it is not 100% conclusive, there is plenty that will show that this will cost jobs. your folks do not believe that. how do you counter that argument? >> the weight of the evidence from looking at years and years of these increases at the state and federal level is that there is no job loss. that is a red herring. giving

down almost 5%, the s&p down 3% on the month. that's because individual stocks are having earnings problems. today, chevron wasn't bad, just no growth, just like exxon yesterday. chevron had earnings, dragging things down. because chevron was down, exxon is down, that's hurting the dow. mastercard had earnings and is dragging visa down. mastercard disappointed, dragging visa and american express down. there is only 30 stocks in the dow. this is a problem when you have weak earnings. there is some bright spots. i will just mention construction, most of the home building stocks are up this month. new orders were up 18%. a little disappointing but i think people were happy enough. again, mostly on the upside. 30 stocks in the dow. that's a problem. >> we are going into a weekend where the emerging markets are in a delicate condition and we have big economic stats in the u.s. next week. perhaps it's understandable. let's go uptown to sheila at the nasdaq. >> i'm going to say we are having a great comeback at the nasdaq. in fact, now

liz: why is the s&p target so chinssy? i'm seeing 1845. gher than where we are now? >> it is. the reason for that i think maybe the first half of the year the market can move higher. liz: okay. >> as a result i would be invested but i think there is a correction coming out there somewhere. i've been of the mind set it will be triggered by anticipation of the fed continuing to extract liquidity from the market. i would have thought it would have happened by now. but the fed did a great job when they announced taper of saying look we'll not doing anything well past the 6.5% unemployment rate. so to me that means maybe a correction somewhere around middle of the year as a guess. i think for right now anyway, stocks look good. liz: what is your favorite sector? if stocks look good, i know you liked technology. now today, we got an upgrade on intel because at least one analyst i believe, it was over at jpmorgan said, you know what? don't count out pcs. positive on pcs. intel was moving higher. microsoft. applebee began to move higher. is it hard

doubling easily the s&p 500. i don't know whether that's seasonal or whether it's just peculiarity of the individual company. >> with a lot of these gambling stocks, you have to look at whether or not it's domestic or one that has exposure. mccow is the world's biggest. you look at wynn, las vegas sands, the huge with huge presences, you've got to look at global and not necessarily ones around january and the new year, that could be a big reason why. chinese new year, remember, comes up later on in the new year. >> great point. >> vice over virtue is what i'm saying here. >> let's be a little naughty. >> sorry. all right, sue, down to you. >> thank you very much. >>> skype, the internet video communication service, and snapchat, that's the send it and have it self-destruct service, they were both hacked. millions of user names and partial phone numbers of millions of users have all been revealed. julia boorstin's on the story for us live from los angeles. hi, julia. >> sue, it was anything but a happy new year's d

low 70's and pull back in the evening in the low-to-mid 50's. that is the day planner. now the traffic with leyla gulen. >> well look at the altamont pass but this area of construction headed through eastbound highway 84 at 101 through redwood city the lanes blocked off until 5:00 this morning. here is a look at the altamont pass, at top speed, nothing but green. that is nice. it will be a quick drive if you hop on the roads from tracy to dublin and at look at drive time traffic this is owe long it will take from tracy to dublin, highway 4, in the clear at 14 minutes from antioch, 16 minutes to get from san francisco, and this is the san mateo bridge from hayward to foster city, a big gap with no cars and a quick 12 minute commute. >> it is 4:38. a case involving a bay area senior care home sparks action in sacramento with new regulations that can protect thousands of vulnerable people in california that cannot protect themselves. >> new development in the disappearance of a three-year-old girl that drew international attention. >> investigations

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the whole kit and caboodle will slide north. 40's tomorrow, close to 50 on saturday, in the 50's on sunday as the pressure moves offshore with the sustained southwesterly and southerly wind. lateually, that will end sunday night with the cold front, rain, then a return of winter weather conditions by early next week. short-term, the temperatures tomorrow morning about 20 in the city. some areas of snow cover. down to 9, 10 degrees in spots, but not as cold as last night. a nice recovery through the day. the average high is 44 and that is the range we will be in with partly sunny skies in the afternoon. partly sunny skies again on saturday. it's like saturday's temperatures will make it into the upper 40's. then sunday morning, punxsutawney phil is removed from his cage by the handlers and top hats. they lift him out of his cage, hold his poor little face, and read the proclamation. what will it mean? we have to find out, but we know what will be mild. a chance of snow monday, colder air in the pattern. it will be unsettled through tuesday and wednesday. and now the toyota sports desk, brou

the s&p 500 also to the down side by 1.7%.th crohn's disease or ulcerative colitis is a daily game of "what if's". what if my abdominal pain and cramps end our night before it even starts? what if i eat the wrong thing? what if? what if i suddenly have to go? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your symptoms is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisadvocates.com to connect with a patient advocate from abbvie for one-to-one support and education. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. [ tires screech ] [ car alarm chirps ] ♪

after starting in the 40's. s showing the change. also, records less likely inhappened as we are in the mid-to-upper 60's in the eastbound hours after being 60 at noon and we will backtrack and frozen spots but not so many as yesterday as

, even the 1960's. ere's the famous ," the title of an article of a friend of mine wrote called never intended to apply to the white population which is a statement made by a judge in south carolina about a series of gun-control laws in south carolina. there was a white fellow who was being prosecuted. the judge says, dismissing it. and of these laws. these laws were never intended to apply to the white population it is emblematic of the things that also were occurring and the black codes, jim crow, and even in places where the statue was not explicitly discriminatory. will we find is that there was course quite discriminatory administration. so even more licking in the country in the 19 -- probably 1956 after there was a bomb that would of thinking so, black men in the neighborhood tomorrow with their guns to sort of defendant pieces the mall. the next day he and one of the other reference from the surrounding area go down and apply for permits to carry pistols. king spermine is denied because he did no

. >> temperatures will be stuck in the 60's after starting in the 40's. you can see the bay is showing the change. also, records less likely inhappened as we are in the mid-to-upper 60's in the eastbound hours after being 60 at noon and we will backtrack and frozen spots but not so many as yesterday as we head out the door, now, through 7:00. it will be about 52 if you headed out at 7:00 this evening. the day planner the next 12 hours at the coast is cloudy and milder, and we are in the mid-40's with decreasing clouds in the afternoon and we will top out in the low-to-mid 60's by 4:00 and in the mid-50's by 7:00. enjoy. >> leyla gulen? >> we have 48 bart trains on time and as we go back to san hand tremendous we have more chase on the accident involving a big rig which was trying to get on the southbound 880 freeway and it tipped over on the westbound marina boulevard onrank so we have that portion of the on-ramp shut down and we have an eastbound on-ramp to get to southbound 880 and traffic is going to have to be detoured. we still have an accident 580 at

technology a 18% weighting in the s&p 500 right now. what happens after the bell and as we get more tech earnings this week it could be a big driver behind this market. what is the forecast heading into these earnings? >> i think technology is going to surprise to the upside. maybe not ibm but balance in aggregate they will. do it is all about execution. it is about the environment whether it be china or russia, et cetera. also for earnings. some of these technology stocks like ibm offered a pretty good dividend. can they maintain the framework, or is there this headwind, secular headwind that is changing the company forever? so i think the s&p 500 behind me is being built up right now with the expectation that is technology is going to do well. not nearly as well as big banks. david: larry i have to break in. we have earnings coming out on several companies including ibm. jo ling kent, those numbers are in. how do they look? >> dave, we have pretty good

inland we have temperatures from the 20's to the 50's and we will be in the low 60 at noon and near 60 with records possible at 4:00 and 53 with a clear sky at 7:00. at the coast, we are running in the 40's to 60's this morning and most of us in the mid-to-upper 60's the better part of the afternoon and mild here at 56 in the evening hours. now the morning commute. leyla gulen? >>> we have a two car collision in san jose northbound highway 87 withstand still traffic because one lane is blocked. it is causing quite the backup as you continue, though, toward julian secret you are still looking at slow conditions. at the altamont pass, bumper-to-bumper conditions making the commute through the pass and to livermore and 19 miles per hour is the top speed as you come away from 205 and it eases up choseer to isabel. you can see traffic is looking heavy. >>> develop news in milpitas, a hotel on lockdown after a map was shot and killed in the parking lot at the executive inn hotel on --cy -- on dempsey road. the victim is described as a unanimous in his early to mid-20's and is dead. his are n

how about up 97%, versus a 47% gain for the s&p. the company is still in the midst of a wholesale revamp, that includes fireplaces and televisions in its nicely refigured stores. those are the two most vocal and i would say visible peltz initiatives, but take a look at the great industrial company, ingersoll rand, ir, with its heating, ventilation, air-conditioning, and industrial technology solutions. since peltz got involved, the stock has gone from $35 to $62, 77% gain versus a 31% run for the s&p over the same period. or how about leg mason, the venerable financial firm that had fallen on hard times. prevented peltz from adding more shares expired in late 2012, the stock has rallied 75%, 15% gain for the s&p 500 during that same period. both ingersoll rand and mason advanced in part because of constructive input from peltz. we also know that dupont has advanced substantially since peltz acknowledged his involvement with dupont shares at cnbc's delivery alpha conference last summer, in part because the company agreed with a sugge

the ribbon cutting day. thank you for this. i is enjoy g s a it's like my agency you know my history the university that u purchaser and the city administrator you know i love g s a and to hear pittsburgh it's role it refers to our clients as customers. i went through those years trying to recreate those agencies given the opportunity and the high privilege of re13wi7b9 government and making us not only relevant but at the value for everything we must accomplish. i will add to the appreciation of president obama and his stimulus packet. i was here years ago i broke this ground with the architect and we were happy to before a break ground with leader pelosi and we looked at across market street and we saw market street as thirty percent vacancy rate a darkness to it people hurried and look what's happening 3 years later. i'll also reference this is one of our stimulus lettuce projects that's the purpose of that act. we want to demonstrate when you give us a little bit of stimulus we take it all the way in san francisco (laughter) this is so ap

like in the 80's? y divers have recovered the body of a navy pilot who is a chopper crashed offer virginias southern coast. 39 year-old tenet sean christopher snyder from san diego was removed from the cockpit. the helicopter, with a crew of five, went down january 8th about 20 mi. off the virginia coast. the cause of the crash is under investigation >> and in washington this morning, it's the beginning of the end of a bitter battle in congress. today the house is set to trillion bi-partisan spending bill. the bill contains both victories and setbacks for both parties. the senate also expected to the week. >> no forty-niners of billboard zone. the area around seattle's century link field will be void for any 49ers on billboards. there will be a seahawks' only billboard zone within a two-hour radius of the stadium. 20 billboards will display a s to the best fans in the nfl. this comes nearly a month after a group of san francisco 49er fans raised funds to put up a billboard near the stadium taunting seat

and in the north bay low-to-mid 70's and san rafael and sausalito and the coast mid-to-upper 60's andrecord high and 69 this brentwood, and otherwise, 70 to 62 in the east bay hills. tonight, the valleys below the winds are in the 30's again and south bay upper 36 and low-to-mid 40's. three areas of high pressure dominating our forecast and with that low pressure passing to the east it will chip away at our temperatures on thursday and friday and this adds to the fire danger and away from the cost we are in the 70 again on saturday through tuesday but no chance of rain. have a good day. >> the problem in marin county, still, a big one. it is a jam coming southbound along 101 right through lucas valley and it looks like c.h.p. is reporting that the accident is at lucas valley parkway where a car hit a power pole and 150 pg&e customers are without power and a five mile backup away from highway 37. to get from novato to the golden gate bridge it will take in excess of 30 minutes. 680, that is a busy commute at 15 minutes from highway 4 to walnut creek. this is across the san mateo bridge

futures closed on the upside after netflix. s here, around 8:30, that's the later in the evening, we drop. that's when the chinese pmi came out showing contraction. that caused a lot of problems in the global markets. you want to watch the dollar/yen here. hedge funds very leveraged now. they use the yen to finance what they want to do here in the united states. the yen started strengthening. this is a two-day chart. that moving down means the yen is strengthening. they have to sell stocks and that's what causes some of the problems. you see the emerging markets here. the etfs associated with them. china, turkey, you see the knock down on them, 3%, 4%, even 5%. also currency problems out there. look at the argentinean stocks. the peso is hitting record low. default westeconcerns over in argentina. some of the big bank stocks. brazilian real is getting hit. capitol flight issues. brazilian stocks are down 3% to 5%. you see a lot of knock on currency effects from the chinese weakness. the sectors here in the united states, what we

the s&p continues below 1800. 36 points. >> we'll watch and see whether we can hold, climb, try to make some ground back as we head into the final moments of trade, but again, it looks like there's a lot of pressure on markets for this hour, and we want your feedback on how you are playing these markets. tweet us @cnbcclosingbell. your thoughts on air at the close of the program and we're back with much more market analysis after a short break. we know we're not the center of your life, but we'll do our best to help you connect to what is. >>> eight minutes left in the trading session. the dow is down 1.75%. the s&p below a key support level of 1800. we've been quoting art cashin through all of this. let's bring the man in himself from ubs financial services for his take. you made the case to both kelly and me a little over an hour ago why we could see an ugly close here today. why? >> well ordinarily friday is the best day of the week. shorts tend to cover going into a weekend, but this is different because today

the s&p,mentioned, that was a pretty significant selloff. buying in the mix options this morning. there was some concern that this market was going to start to feed on itself. we saw that happen throughout the morning. the market was able to come back in the afternoon. nonetheless, we did see a shift as far as the expectations. >> ethically when we have a big down day in the s&p, what is the corresponding pattern with the vix? >> typically, the vix will see that spike and taper back down into -- we have seen that a couple of times in the past. as we rolled into february, it feels like we are seeing the s&p area,n that 18.10, 18.50 having a difficult time getting above 1850. we see some requests -- weakness rolling into february. there is more concern about the debt ceiling. i think you will see the vix stay a little sticky here. you definitely sound a little more on the bearish side. i know a lot of traders are looking at 1812, the medium-term average on the s&p. is that going to be a catalyst to the upside for the vix? >> you would think so

the s&p 500 is down and this dispersion between the dow and the s&p 500 has been a theme of this short year. what do you do? do you think that because the components have changed the dow is becoming less reflective of the broader trend? >> well again, in your opening remarks you're saying this is a market searching for a narrative and we're at the first chapter of a long story that's going to unfold throughout the year. that story is going to have a section about janet yellin. a market that's going to have a section about how tapering will or will not transpire. a lot of variables will come about. i think where investors should be poised to look at again, we're seeing a positive growth in earnings the economy is growing modestly, inflation has been checked. the issue is whether it's a revision come this month for december's jobs numbers. so all in all, i think the bias is positive for equities going forward. >> all of those questions, that's what keeps us employed. >> i just -- something has changed. >> absolutely. when the ball dropped on december 31st the sentiment definitely changed

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the dow fell a point the nasdaq up 18 and the s&p by 4. gold showed some strength up $17 dollars and oil gained $1.03. bank of america is changing its work rules.following the death of an intern--reuters reports the rules involving days off for employees. and, united airlines suffers a computer complication that left 1,500 flight grounded. sources says it has to do with the airline's merger with continental. phillip streible of rjo futures joins us now with what to expect from this trading day on this monday morning. good morning to you phillip. >>good morning to you. >>the market had a rather muted reaction to the jobs number on friday. will we get any kind of reaction today? >>i think we're gonna see the market start to move higher. i think that news is digested. a lot of people were scratching their heads all weekend. thinking about how that number could come in at 74 thousand when most analysts were expecting 200 thousand. i think we're gonna start to see a lot of improved economic data as the week goes on and because of that i think th

already two the temperature is going to climb into the 60's by the weekend. sunshine, cold temperatures, beautiful start. as a time lapse, damascus maryland. you continue through the rest of the day to day without sunshine, we will continue to see the snow melt. with cold out there, but each day, we are starting to climb a little bit in the temperature department. right now, 25 degrees. , two degreesprings with the windchill. seven degrees this morning and laurel. temperatures at this noon hour in the middle 20's. it was 16 degrees downtown. i want to show you in the suburbs how much colder it was. .our times colder in dulles on the eastern shore of record-breaking low temperatures. ocean city down to negative nine degrees. 29 in ocean city as well as reagan national. 28 in culpepper. wendy six degrees in quantico. temperatures will climb a little bit as we start to see the jets free and left towards the north. 32 right now in atlanta. 33 in omaha. you're going to see the temperatures rebound at least a little bit. clear skies now. this will shift off to our

the low 50's. now the sig-alert update from sue. >> situation in daly city with all lanes blocked southbound 280 with an accident in the northbound lane with pedestrian jumping the median and was hit in the southbound lane. c.h.p. is trying to get the crews through and running a traffic break right now southbound 280 to get the ambulance there on the scene. expect major delays southbound if you are trying to get to sfo, southbound 280, go 101 the best alternate and, also, bart is a good way to get around this northbound and southbound affected by the accident. the shot of the bay bridge as traffic is starting to stack up a little bit on the right-hand side with no word of metering lights as of yet. >>> breaking news, firefighters are were watching a marsh this morning after a tire there forced the evacuation of a homeless encampment. we are joined by amy hollyfield. >>> firefighters are not letting down their guard. they have their hoses drawn. they say it is too dry. there is too much vegetation. t

inland we have temperatures from the 20's to the 50's and we will be in the low 60 at noon and near 60:00. at the coast, we

, moore b to the s&p. -- beat the rest of the funds. they did not come in above the s&p. set backed strategies came out on top and this is according to the bloomberg rating. heavily invested stocks did well. one of the worst performed strategies was macro, falling in average to .2% last year. of 2.2 %ing an average last year. it was a struggle for many of these funds. >> any surprises? you follow this sector closely. any names that stuck out to you because they were there or ones that should have been there? , there were a few. most funds failed to beat the s&p. john paulson was clearly a standout. he took a beating with golden and some other investments early in the year. but finished .13 with a 63% gain for his recovery fund. stocks doubled, clearly playing a role here. lags thege hedge fund s&p by 23% this year. >> thank you very much. sue joining us with some of the standouts from last year in the hedge fund industry. we bring in bob rice, managing power -- managing partner at tangent capital partners i knew you were going to cringe when we compared a basket of hedge f

s and back in the low-to-mid 50's during the evening. , could be our tenth consecutive day with report highs and cooler and breezy thursday and friday mid-60's to 70. how is the commute? >> we have a lane closing because of the we brushfire that is burning 50 of 680 in fremont. one lane is going to be closed down at the parkway and mission boulevard south and what we are seeing is delays on mission boulevard headed in the westbound direction. you may see slow downs on 80 and the file department can put that out. drive time traffic 580 tracy to dublin is 40 minutes so the track is the up. antioch to concord is quiet at 16 minutes with if accidents, no reports of stalled vehicles, and 101 through marin county, southbound side headed from san rafael to san francisco, we are under 20 minutes, still, and as we look outside there is the drive coming through pleasant hill to walnut creek with a few extra tail lights pushing to highway 24 junction and at the junction headed in the westbound direction through lafayette and orinda it is nice and cl

s. if only it could last. feast your eyes on this. daytime high temperatures probably after midnight on monday will tumble from the 30's into the 20's. single digits in the district waking up tuesday morning. the coldest temperatures we have seen in 20 years. 18 for the high on tuesday. back to the 40's by the end of the week. >> ok. >> abc world news coming up next. captioned by the national captioning institute --www.ncicap.org-- >> have a

we finally found some stability in the s&p after a couple days of weakness. we saw the market actually firm up pretty significantly and with that we also saw the vix under pressure. >>what are your volatility expectations going into this new year? you mentioned the vix. >>right now you'd have to say that the market was able to find its footing. it didn't give up much ground. the s&p was less than 1% below its all time closing high. so you're seeing vol under pressure. in the short term it appears that the volatility expectations continue to be subdued. we saw in 2013, basically an average of 14 for the vix which is historically a very low average. it looks like it's going to play out in the first couple of weeks this year. but if you look at february and beyond i think it tells a different story where you're seeing the futures a little firmer. >>i know you're watching a lot of different sectors as we start this new year. which one is starting the strongest in your mind? >>right now the one thing that i'm keeping a close eye on is the xlf. it looks like the fin

to low 60's and the afternoon and low 50's by 7:00. leyla gulen is back with the traffic. >> good morning, everyone, happen new year: traffic is starting to get more active because we do have a couple of new crashes. c.h.p. is reporting this in the northbound direction along 680 involving an s.u.v. that rolled over on the wheels now and on the shoulder but c.h.p. activity could cause slowing and 101 also is at a standstill and 29 miles per hour approaching the san jose airport. southbound 680 at washington boulevard a truck versus a tour bus and that is on the shoulder, as well, but expect to see possible slowing. katie and eric? >> we have breaking news in san francisco, police are investigating a fatal stabbing inside an apartment building on market street. police responded to the building near the central freeway after 3:15 this morning. a man in his 20 was found dead in the lobby. >>> a picture from the scene, police say they are questioning three suspects in the case. the building is on lockdown and no one is being allowed in or ou

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temperatures tonight are in the 30's in the sheltered valleys and the rest of us in the 40's. g as they have been all winter pushing the secret stream into the arctic circle bringing us the dry winds creating the high fire danger through thursday morning and, also, the record high temperatures. look at this, our average high in san jose is at and we will be in the low 70's through saturday and upper 60's this weekend. the seven-day forecast shows poor air quality with the record highs tomorrow thursday and friday and a sight cooling trend takes the poor air quality away we have a report of an accident on the bay bridge but we have had a couple of car fires including east palo alto and another one in castro valley, two miles north of 580, and that is a car fire and we now have a report of a possible car fire westbound 580 at north flynn road so with the tinder dry conditions hopefully nothing gets sparked. >> back to the bay bridge, before treasure island, we have three-car crash and one car spun out and it affected a couple of other vehicles. if you need to make it out of san j

we will spike in the low 60's but mostly in the low 50's. by 7:00 in the mid-40's. tomorrow we are between systems. we warm up and a chance of rain. sunday is looking nicer. >> look at what is happening in oakland we have a crash involving two vehicles which is on the shoulder. 680 subfrom walnut creek to dublin is 14 minutes and 101 southbound from santa rosa to san francisco is 50 minutes. through the santa cruz mountains, northbound 17 from one to los gatos is 24-minute commute. in oak, we have a two-car crash on the shoulder and it will not slow down the lanes northbound 880 when you get on to 80 and you head to the bay bridge toll it is wide open. we have the issue in the lanes, a car hood northbound 101 as you can see plenty of movement so vehicles are moving at top speed. >> >> fast food restaurants are cooking up money saving deals in the money report ahead. >> a campaign to urge those in california to sign up for health insurance. >> >> shocking video of a toddler being ordered to swear goes viral and a police union is underfire and where the child is with

the s&p adding 19. ack to 1838. >> they bought the dip today. >> yes, they did. >>> if you want to own michael jordan's college diploma or a dream team jersey, now you can. up next, we'll hear from the man auctions them off and you won't believe how he got his hands on them in the first place. it was an abandoned storage space. stick around for that amazing story. >>> also, tesla sales shifting into high gear last quarter and ceo elon musk takes a victory lap with us. stay tuned for that. it's always entertaining, coming up later on "the closing bell." up later on "the closing bell." >>> michael jordan may be long retired, but certainly his name and his brand are everywhere. recently his shoe and clothing line, air jordan, announced its going to open its own first store retail outlet in new york city. it will be called new york flight 23 after his number, of course, and in another story, some very rare and unique jordan memorabilia have also just gone up for auction. items that amazingly were acquired fr

the auto market in the u-s continues to cruise in the fast lane... but used car prices are dipping a bit... according to jack nerad of kelly blue book. this summer-- u-s factories increased production... pushed by a sharp rise in new orders. "we're seeing the car market get a lot stronger. the car market is a lot stronger than the overall economy by a considerable margin. and there's a few reasons for that, one of which is the fact interest rates are low." now that we're coming out of that... and the supply of used cars is more plentiful...nerad adds it's more important than ever to find a vehicle with solid resale value. expectations are high for the tech sector. companies are already racing to create the best in wearable tech. qualcomm and samsung have released smartwatches, and glasses are on the way from google.some tech watchers suspect new devices will pop up from apple or microsoft. also, one author predicts more websites will follow the lead of social site pinterest. "so as we kind of become so immersed in content, and information...things tha