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.

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  • Stocks reverse after strong September. Volume picked up a bit in the S&P 500 ETF (SPY) a short while ago as the S&P dropped below 1140, which was the lows of yesterday (this is called an outside reversal day). What's going on? Several issues...

  • Stocks inched up after the open Thursday, as the third estimate for Q2 GDP came in at 1.7 percent, slightly higher than consensus. Initial jobless claims for the week were also slightly better than expected. September: stocks and commodities rose, dollar hits lows for the year.

  • IPO desks, which have had a miserable year, are salivating over the success of the Petrobras deal, which raised $67 billion in the largest secondary offering ever. Not so fast, skeptics have been telling me.

  • Tepper is bullish on stocks and feel the risk reward is on the upside. Why? Because the Fed is your friend. Quantitative easing (QE) is going to trigger a move out of bonds and into stocks. But a number of traders say this is exactly the problem.

  • The S&P futures had moved a bit higher at 8:30am ET, as durable goods ex-transportation came in higher than expected (up 2 percent vs. 0.6 percent expected); headline durable goods was also a tad better than expected. Also, the prior month's 0.3% gain was revised, upward, now showing a 0.7% increase.

  • Based on the "body language" of government officials, traders assembled for the Securities Traders Association annual meeting in Washington are concluding that the Flash Crash Report is unlikely to include a long list of items that need to be changed immediately.

  • The major indices stage a rally into positive territory, because the Fed has opened the door to quantitative easing. The key is the sentence that was not in the last statement...

  • Will the Fed acknowledge the summer slowdown in its FOMC statement today (Tuesday)? Most traders think there is no way the Fed will announce a new round of quantitative easing today, but there should be more pessimistic language on growth, and some statement, similar to what Bernanke made at Jackson Hole.

  • While most point to a strong technical move as the primary mover this morning (the market moved when the S&P 500 passed Friday's high of 1131 to break out of its trading range to a 4-month high), the NBER announcement, which came out at 10:23am ET — as the market was heading up — may have been a help.

  • There were two issues in particular where traders were looking for some flexibility: extending the Bush tax cuts for those making over $250,000, and toning down the "class warfare card" that vilifies the financial industry.

  • 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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