A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
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, Bob 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.
IPOs: A lousy start to the year, but that may be about to change. About 15 IPOs have happened so far this year, a poor showing, and of that only a little more than half are trading above their initial pricing. Others have been postponed. But this is the busiest week of the year in terms of numbers...at least five IPOs are coming, maybe more. What's driving things?
Groundhog Day, deja vu. Stop me if you've heard any of this before: volume light, no real sellers...half-hearted-attempt to push market down at the open has no legs, shorts cover immediately...Trichet says that speculation that Greece will exit from Euro zone was "absurd." All the above happened today, again.
Yes, futures were weak at the open on two events: 1) many traders were short the market on expectations that healthcare reform passage would rattle stocks, and 2) more uncertainty over the EU's commitment to Greece. But then two things happened...
While the historic health care vote dominated headlines, we are seeing weakness this morning out of Asia, where India's Sensex Index dropped 1 percent in response to Friday's quarter point rate hike. There's also weakness in Europe, as Greece is down another 3.2 percent on uncertainty about what, if any, support Greece may get with its debt crisis...
Wall Street has done a bit of an about-face on health care reform in the past few weeks—while the Street for the most part is strongly opposed to the bill, analysts are increasingly pointing out potential positives in addition to negatives.
There are a few warnings signs materializing this morning ... We've had two days of weakness in energy stocks. Traders note that energy stocks have outperformed the commodities dramatically over the last few months. The dollar strength is also pressuring commodities. Still, the market has advanced this week on numerous positives...
Volume yesterday was again below expectations, despite this being quadruple witching (the quarterly expiration of stock and index futures, and stock and index options). One trader who specializes in volatility and options blamed it on March Madness. Silly, I know, but it makes sense.
Tomorrow (Friday), the S&P 500 will be conducting its quarterly rebalancing. The S&P is weighted by market capitalization, so changes in the share count of companies trigger changes in the relative weightings of the individual stocks in the S&P. Here's a breakdown...
S&P Futures little changed as the February Consumer Price Index (CPI) showed virtually no inflation pressure. And: As the S&P 500 hit another new high yesterday, traders were passing around lots of technical charts, in particular noting that the Relative Strength Index (RSI) is in unusally overbought territory.
Cynics will note that ever since Mr. Volcker and Mr. Bernanke have been testifying, the market has drifted lower. Regardless. There are a number of positive factors behind today's modest move, which—given that the S&P 500 is up 12 out of 14 days—can only be described as a meltup.
JPMorgan Chase will cut about 5,000 jobs over the next year, as the bank closes branches and slims down operations, The Wall Street Journal reported.
Banks have been outperforming the market, and in the long term, technician Rich Ross sees a "beautiful breakout."
After Dick Fuld's first public speech since the crisis, this PR guy had one thing to say: Don't call it a comeback.