A CNBC reporter since 1990, Bob Pisani has covered Wall Street and the stock market for nearly 20 years. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before becoming Stocks Correspondent in 1997.
In addition to covering the global stock market, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC.
In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."
In 2014, Pisani was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."
Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
Follow Bob Pisani on Twitter @BobPisani.
The Street is enamored with the old "sell in May and go away" philosophy; everyone seems poised for a sell-off, or at least a consolidation. Never mind that many of those spouting these clichés have lost a ton keeping their short positions on for the last couple months: The economy is just not improving the way everyone keeps saying, they insist, and dammit I am going to be right — at some point.
Tamer inflation (somewhat): The dollar dropped, stocks futures rose a point or so, as February Consumer Price Index came in at 0.4 percent, in line with expectations, with core at 0.1 percent, slightly below expectations. Yields on the 10-year Treasury moved up to 2.33 percent. This has been a big week for bonds: The 10-year closed last Friday at 2.029 percent, it's up 15 percent in five days.
Treasurys remain the big story: The yield on the U.S. 10-year note hit 2.3479 percent, the highest level since Oct. 28. The U.S. 30-year bond yield hit 3.4902 percent, the highest level since Sept. 2. The dollar finally appears to be taking a break; gold down fractionally and European stocks are trading mostly higher.
This is a rare year: with the exception of one notable down day (last Tuesday) it's been almost straight up in 2012. The S&P is now up 11.1 percent for the year; this is the best quarterly performance since Q4 2011 (when it was also up 11.1 percent) and the best first quarter since 1991.
Treasury yields are again rising this morning, with the 10-year at 2.188 percent, the highest since October. The dollar is at the highest level in over six weeks. This, of course, is the Fed's worst nightmare...an improving economy...with a little inflation from gasoline...igniting a dramatic move out of bonds and into...stocks and, possibly, corporate bonds. Remember: the Fed has said they would keep rates low until 2014.
Here's what traders are watching as we get closer to the first presidential debate on Monday.
There's more than meets the eye to today's rally.
Fed leaves rates unchanged, traders wonder what's really keeping rates on hold.
After many false starts, we're finally starting to see the IPO market gain ground.
Clinton appears to have edged out Trump in the presidential debate, based on analysts' take on the market reaction.
Donald Trump got sidetracked too often in the first debate and missed two opportunities to score major debate points, says Jake Novak.
The Mexican peso reversed losses against the U.S. dollar amid the presidential debate.