GO
Loading...

Enter multiple symbols separated by commas

Markets Show "Rotation" During Week

A change in sentiment? This week saw interesting rotation in the markets.

--Beaten up financials were looking for a bottom, with the largest ones up for the week.

--Retailers showed no signs of bottoming, most of the large ones at 52-week lows.

--Ditto for restaurants.

--Market leaders like consumer & energy stocks looked weak.

--Drugs are the new leaders.

For the week, Dow down 1.5 percent, S&P down 0.7 percent, NASDAQ down 2.4 percent.

As I mentioned before, I know everyone wants to hear from financials next week, but the more important comments will come on the global economy from our parent General Electric , as well as Intel and IBM .



Questions? Comments? tradertalk@cnbc.com

  • Bob Pisani

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

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.