GO
Loading...

Enter multiple symbols separated by commas

What Does The Market Need? More Demand

Dollar finally rallying today after a couple of down days. Metal commodities lower, but energy commodities flat.

Modest pop in futures as first quarter productivity rose a better than expected 2.2% vs expectations of 1.5%.

What we need here is more DEMAND; we need heavier volume on up days, and a clearer rotation into techs (already evident), industrials, and financials. It's not enough to just say, "Well, we haven't really seen any serious selling in a month." That's true, but not enough. Necessary, but not sufficient.

Sprintup 7 percent on word of a $12 billion joint venture with Clearwire; they are merging their wireless broadband units. They will be trying to roll out the first high speed mobile unit using the WiMAX network. Financing is being provided by Comcast ,Intel , Time Warner Cable , and Google , and Bright House Networks , for a total of $3.2 billion. Google will be Sprint's preferred mobile search provider.

Increased oil and gas production, as well as higher oil and natural gas prices, helped Devon and Transocean reported earnings well above expectations. Transocean up 4 percent, Devon 3 percent.


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.