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let's go back to larry shover in the pits of cme. larry, what are you seeing for friday. >> i sound like a broken record. the market seems quite content to remain between 1840 and 1880 with a couple of exceptions. right now non-farm payroll number tomorrow doesn't appear to be a big deal. we'll see either below 150 or above 250 to change the narrative. what is worried traders is yield curve. 10-year is very cheap, somewhere in the 2.60 range. if we continue rally we need growth an inflation and 10-year yield, 2.57, 2.80. that is not happening. that is very discon gettering to -- disconcerting to traders behind me. david: you don't want to see the yield curve invert. thank you, larry. cheryl: we brought you linkedin earnings a few moments ago. david: we have the robert from suntrust robinson, has a $260 price target on linkedin. robert, our eyes popped when we saw that. that is close to its all-time high. it is trading -- cheryl: 160 and change. it is about 1 off. so it has come up a little bit. it fell down after earnings came out. w
let's go back to larry shover in the pits of cme. larry, what are you seeing for friday. >> i sound like a broken record. the market seems quite content to remain between 1840 and 1880 with a couple of exceptions. right now non-farm payroll number tomorrow doesn't appear to be a big deal. we'll see either below 150 or above 250 to change the narrative. what is worried traders is yield curve. 10-year is very cheap, somewhere in the 2.60 range. if we continue rally we need growth an...
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May 13, 2014
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larry shover from the pits of cme. larry, i want to start with you. when i talk to nicole, think about what is happening with rates. rates are going down on five-year, 10-year, 30-year, they're going down. is that a problem for treasurys? are traders worried that money is moving into treasurys? >> i mean there is something that traders are worried about that there might be something lurking underneath the surface of why rates continue to to lower. however, we do have to keep in mind that rates in europe are going lower as well. so really, more of an arbitrage trade than anything else. consider the fact that ireland's 10-year yield is about equal to ours. you look at spain, their 10-year yield is only 30 basis points higher than ours. who would have ever thought that a few years ago, in 2011, when the rates were up 7% plus? that said, it does seem like arbitrage trade but traders are worried about it on the backburner, knowing it could be growth or something else. liz: traders are always worried. they're always worried about something rightly so. >> ye
larry shover from the pits of cme. larry, i want to start with you. when i talk to nicole, think about what is happening with rates. rates are going down on five-year, 10-year, 30-year, they're going down. is that a problem for treasurys? are traders worried that money is moving into treasurys? >> i mean there is something that traders are worried about that there might be something lurking underneath the surface of why rates continue to to lower. however, we do have to keep in mind that...
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let's head back to larry shover in the pitts of cme. larry? >> right now the market is experiencing a mild adjustment but nothing right now. it seeps to get worried about. i'm worried but traders don't seem worried. seems convinced earnings season has been good. china is stable and growing from a high base. europe is improving. despite our bad gdp number, trade number, u.s. is improving as well. that said we're stuck in 1840, 180 range. my mind, seems like traders mind, once that bond conundrum question gets answered we'll know the next leg in the market. cheryl: larry, thank you. david: thanks, larry. electronic arts reporting fourth quarter earnings. cheryl: let's go back to nicole petallides on floor of the new york stock exchange. nicole. >> exciting to look at electronic arts which is soaring in after-hours. beat on top and bottom lines and giving a great forecast as well. let's break it down for you. earnings per share coming in at 48 cents, beating analyst estimates of 11 cents. that was clearly a beat there. revenue of 914 million vers
let's head back to larry shover in the pitts of cme. larry? >> right now the market is experiencing a mild adjustment but nothing right now. it seeps to get worried about. i'm worried but traders don't seem worried. seems convinced earnings season has been good. china is stable and growing from a high base. europe is improving. despite our bad gdp number, trade number, u.s. is improving as well. that said we're stuck in 1840, 180 range. my mind, seems like traders mind, once that bond...
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May 27, 2014
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larry shover, alternative chief investment officer at the cme, larry, before we start with stocks, i want to talk about gold because that is way down today. why? >> well, think of it this way, gold rallied 70% between 2008, 2011 and for the exact opposite reason, it's going down. economic data around the global is getting better, but today we to though the ukraine, that whole tension area is getting less tense -- bad way to put it. but really the big reason is that the normalization of u.s. monetary policy will continue to be a cross over gold's head. i'm not surprised to see gold continue to dwindle lower. i still think it's going to be $1200 by the end of the year. lori: chris, do you think that the selloff is indicative of investors having a heavier appetite for risk and that's partly why we saw an equities rally today? >> i think people are getting excited because there's really no other place to invest, we believe. fixed income yields have come down in the big part of the year. we think equities are the place to be. we're looking at new opportunities. we think that the second ha
larry shover, alternative chief investment officer at the cme, larry, before we start with stocks, i want to talk about gold because that is way down today. why? >> well, think of it this way, gold rallied 70% between 2008, 2011 and for the exact opposite reason, it's going down. economic data around the global is getting better, but today we to though the ukraine, that whole tension area is getting less tense -- bad way to put it. but really the big reason is that the normalization of...
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May 28, 2014
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trader larry shover of sfg alternatives joins us on this wednesday morning. happy wednesday to you, larry. > > good morning. > > it's a good morning for investors-- another record run in the stock market. how long can this go? > > well as long as we continue to have good economic data like we've had last week and even yesterday and stable housing data which we saw last week and yesterday and continued good central bank commentary around the world, we can continue to ratchet higher-- it won't be linear, but we can continue to grind higher because we are healing. > > what is putting the fear into the oil market? russia came out and said that those gas deliveries likely to continue through europe at least into june, but here we are at $104 per barrel. > > a lot of that was the ukraine. people were worried about what was going on there so we've had easing in geopolitical tensions yesterday's at least perceived, and also we realize that we have a little more stockpiled that we thought last week. it's amazing what can happen in seven days of trading. > > well apple
trader larry shover of sfg alternatives joins us on this wednesday morning. happy wednesday to you, larry. > > good morning. > > it's a good morning for investors-- another record run in the stock market. how long can this go? > > well as long as we continue to have good economic data like we've had last week and even yesterday and stable housing data which we saw last week and yesterday and continued good central bank commentary around the world, we can continue to ratchet...
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May 20, 2014
05/14
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larry shover, mike sorrentino. thank you very much. >> thank you very much. liz: speculation swirled as to when the fed would start to raise rates, coming up, peter barnes goes straight to the source asking new york fed president william dudley when he believes rates should rise and when they will rise. it's a fox business exclusive. david: the latest filings, meanwhile, showing leading hedge funds getting a bit riskier. guess where they are betting? they're betting big on russia, you heard me right. should you ignore the political headlines and follow the big money? one strattist says yes. he will tell us exactly how to play it. liz: biking legend erik buell launching a brand new line of street motorcycles. david: i want one. liz: the growing popularity of sport bikes. we'll show you how the new hot rides are look and we'll talk to him in. david: austin, you want one of those? let's buy one. back to the fed talk. we want to hear from you. how are stocks going to hold up as the fed unwind its four plus trillion dollar portfolio? will they do well or will they
larry shover, mike sorrentino. thank you very much. >> thank you very much. liz: speculation swirled as to when the fed would start to raise rates, coming up, peter barnes goes straight to the source asking new york fed president william dudley when he believes rates should rise and when they will rise. it's a fox business exclusive. david: the latest filings, meanwhile, showing leading hedge funds getting a bit riskier. guess where they are betting? they're betting big on russia, you...
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May 21, 2014
05/14
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trader larry shover of sfg alternatives joins us on this wednesday morning. larry we've already heard from some of those fed presidents that moved the market yesterday. today the fed minutes... what do traders want to hear-- what's going to move the market? > > i think what could move the market is any narrative related to the housing industry because they are going to talk about or they could talk about the fact that we are stuck in the mud and will there be any that, nobody's expecting many fireworks from the fed. > > the treasury did see some fireworks yesterday. tell us what happened there, and what to anticipate for today. > > yesterday yields got down to 251 let's keep in mind a lot of this is arbitrage opportunity. our yields are looking very attractive when you consider ireland's at 2.6 and italy's at 3% our country's in better health, our rates are just a better deal. so with that said june the fifth when the ecb speaks people are waiting for them to take action that might be the end of the bond rally. > > we do have some housing economic data coming
trader larry shover of sfg alternatives joins us on this wednesday morning. larry we've already heard from some of those fed presidents that moved the market yesterday. today the fed minutes... what do traders want to hear-- what's going to move the market? > > i think what could move the market is any narrative related to the housing industry because they are going to talk about or they could talk about the fact that we are stuck in the mud and will there be any that, nobody's expecting...
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May 2, 2014
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joining us now is larry shover of sfg alternatives to break down this market action for us. good morning larry. >>good morning. >>we have the jobs number coming out today but there are lots of mixed signals in the market coming from treasuries, equities and even oil. what are you watching? >>i'm watching all 3 actually. especially when you look at the yield curve. right now the 10 year yield 2 spot 61. the yield curve is flattening . that means the difference between the 2 year and 10 year is compressing. that means either there is a lack of inflation or lack of growth in the market. it's disconcerting to me for the stock market. when it comes to the equity markets, i do believe the headlines have been good but there tends to be this continued rotation from value to momentum then momentum back to value. nobody knows what end is up. with oil we've seen wti blow $100 a barrel. again, that's great for the economy however how far is that going to continue? all these things are driving the market right now. >>with that battle between momentum and valuewhich way are you going? >>i
joining us now is larry shover of sfg alternatives to break down this market action for us. good morning larry. >>good morning. >>we have the jobs number coming out today but there are lots of mixed signals in the market coming from treasuries, equities and even oil. what are you watching? >>i'm watching all 3 actually. especially when you look at the yield curve. right now the 10 year yield 2 spot 61. the yield curve is flattening . that means the difference between the 2...
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May 14, 2014
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trader larry shover of sfg alternatives joins us now to talk about the record levels in the market. good morning to you. what are you eyeing? > > right now i just continue to look at the broad market and you look at the differences of what's going on underneath the surface. we see yesterday the s&p kept bumping up against 1900 and right now people are just wondering what's the next move? what industry's going to take us to the next step? it's really hard to figure out. > > oil is on the run, what's prompting the oil run? > > yeah yesterday we saw 1 percent up movement in wti. i think from today people are looking for the inventory report to come out for another draw down like we saw last month. so right now it's people getting ahead of what they thinks going to be true today. > > we have earnings coming out for macy's and nordstrom j.c. penney kohl's this week. will you put on any retail plays? it looks like the options market is mostly bearish on all of those stocks except for j.c. penney. > > yeah it's funny the one stock i really do like is macy's. i think their cash position is
trader larry shover of sfg alternatives joins us now to talk about the record levels in the market. good morning to you. what are you eyeing? > > right now i just continue to look at the broad market and you look at the differences of what's going on underneath the surface. we see yesterday the s&p kept bumping up against 1900 and right now people are just wondering what's the next move? what industry's going to take us to the next step? it's really hard to figure out. > > oil...
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May 7, 2014
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larry shover of sfg alternatives joins us on this wednesday morning. what do you think? will janet yellen, the fed chair be a market mover today? >>i don't think she'll be a mover today. she's got two days to speak today. thursdayi do believe she understands that the market is just depending on her to stabilize the marketand i think that's what she'll do. i don't think she'll reiterate anything other than we're data dependent, we continue to watch the inflation and jobs reports. >>disney had earnings report last night that topped expectations. will that move the dow? >>i think it will. that was really nice to see them beat on both ends. the market was really looking forward to that. talk about a company with it's finger on the pulse of the consumer and something so hard to quantify or qualify. a lot of good thingsi think the only downside with disney is the volatility and ratings with abc. but definitely could move the dow today. >>we had a rough go of it on tuesday with the stock market. what are some of the biggest losers of this market? >>right now it seems to be soci
larry shover of sfg alternatives joins us on this wednesday morning. what do you think? will janet yellen, the fed chair be a market mover today? >>i don't think she'll be a mover today. she's got two days to speak today. thursdayi do believe she understands that the market is just depending on her to stabilize the marketand i think that's what she'll do. i don't think she'll reiterate anything other than we're data dependent, we continue to watch the inflation and jobs reports....
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mark newton and larry shover, mark, what's sucking the life out of the market? >> the market hasn't been arable to hold the gains -- hasn't been able to hold the gains, it's all about the russell. the russell started down about two hours ago, and the rest of the market followed suit, so now we're down about 1%. set april lows on a closing basis, so that's interesting. and, you know, it continues to be a very defensive trade. the only two sectors that are in the green, telecom and financials. telecom showing great strength and, obviously, some additional strength from at&t and verizon. and, you know, utilities and energy which have been the best performers really over the last few months are today's laggards. melissa: yeah. larry, i mean, we're going to the flat line on the dow here. i'm watching it fade away. feels like we're going to go negative. what do you think has taken the life out of the market today? >> i think it's just a lot of rotation consolidation, but people are also growing weary, that little utterance about the council is comfortable in acting ne
mark newton and larry shover, mark, what's sucking the life out of the market? >> the market hasn't been arable to hold the gains -- hasn't been able to hold the gains, it's all about the russell. the russell started down about two hours ago, and the rest of the market followed suit, so now we're down about 1%. set april lows on a closing basis, so that's interesting. and, you know, it continues to be a very defensive trade. the only two sectors that are in the green, telecom and...