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.

More

  • Lack of progress on the debt ceiling, and the consequences of a credit downgrade, are continuing to weigh on stocks, but it's more complicated than that.

  • Traders noting that Moody's announced they were placing select public finance credits of 162 local governments, 31 states, 14 housing finance programs and 1 university (whew!) on review for a possible downgrade of their AAA ratings.

  • earnings_central_badge.jpg

    It's not so much the company...it's the sector and a desperate grab for alpha (outperformance). I've been asked why a tea company, which yesterday was pricing 7.14 million shares at $13-$15, priced at $17, and opened at $28.95 (!). Here's the answer...

  • Traders tell me this indicates the Treasury believes the debt ceiling issue will be resolved soon.

  • S&P futures popped about 6 points when initial jobless claims for the week, at 398,000, were lighter than expected. Stocks are oversold—some agreement on the debt ceiling should lead to a gap up.

  • Stocks weaken late day...the immediate cause appears to be the piercing of the 50-day moving average for the S&P 500 (1310)...and yes technicals can matter in an uncertain environment.

  • The reputation of the U.S. is declining overseas. During my recent trip to Turkey, I got smacked in the face by a rotating cast of international fund managers, Turkish businessmen...even tour guide operators...all furious that the U.S. appeared to be dropping the ball and shirking its responsibility to make sure the U.S. Treasury bond was the gold standard (read: "risk-free standard") for the world.

  • earnings_central_badge.jpg

    Just back from ten days in Turkey, a country with one of the strongest growth rates in the world — over 9 percent, on a par with China. I was accosted by several European money managers furious about the U.S.'s inability to deal with the debt ceiling extension.

  • Bob Pisani is away on vacation. He will be back Wednesday, July 27.

  • Stocks came off their highs right after 10:30am ET, when traders threw a hissy fit and sold the market after Mr. Bernanke threw cold water on QE3 during his congressional testimony. Shortly after, I ran into an old trader friend on the NYSE floor I hadn't seen in some time.

  • 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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