Trader Talk with Bob Pisani

Bob Pisani

Bob Pisani
CNBC "On-Air Stocks" Editor

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.


  • There's several notes floating around today about Apple and how amazing it is, but there is a simpler way to look at it.

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    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.

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    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 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.

  • US Bancorp barely moves in after-hours trading, after announcing 100 million share buyback (about $3 billion) and raising its dividend 56 percent. Other banks that announced dividend increases and buybacks are also barely moving in the after hours.

  • The Federal Reserve headquarters in Washington, DC.

    The Fed story today is being told in the bond market, not in the stock market.

  • The Fed's statement contained a modest upgrade to the economy: "labor market conditions have improved further" (from "some further improvement" in the last statement). Recent increases in oil and gas prices "will push up inflation temporarily."

  • Melt up! Moan all you want about the low volume — the S&P 500 is up five days in a row. The big cap indexes are at new highs. And the laggards are starting to catch up.

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    How is the global growth story going to be resolved? We're again near new highs, but so far in March it's the defensive names that have advanced, like Coca-Cola and Procter & Gamble. The market leaders earlier in the year were largely global commodity and industrial companies such as Caterpillar, but now those names have either moved sideways or declined in March over concerns on global growth.

  • The price of gold has more than doubled in the past five years, creating considerable interest in trading the precious metal. Roughly $75 billion is traded in the London bullion market every day. Despite demand, gold is extremely scarce. By some estimates, all of the gold ever mined in the history of the world only fill two Olympic-sized swimming pools. Given the U.S. Geological Society estimates that just 51,000 tons of global gold reserves remain in the ground, gold mining remains a lucrative

    The price of gold has more than doubled in the past five years, creating considerable interest in trading the precious metal.

  • Show Me the Gold

    The gold bull run is still gaining steam, but as inflation worries persist, where should investors put their money? CNBC's Bob Pisani takes a look at how much the gold bar is worth.

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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