Trader Talk
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
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CNBC Reporter
The dollar dropped on the strong economic news, as it gives traders confidence to continue the risk trade (short dollar/long commodities/long emerging markets).
The CBOE Volatility Index (VIX), a measure of the cost of buying puts and options on the S&P 500, dropped immediately at 10 AM ET as the ISM revealed strong manufacturing activity than expected.
September pending home sales (contracts) were also stronger than expected, rising to their highest level in nearly three years.
The VIX moved up almost 6 points (24 percent) on Friday, and is down 2.5 points (8 percent) today, so it has lost nearly 40 percent of the gains it made on Friday.
Now that 80 percent of the S&P 500 has reported earnings, it’s going to be all about economic news for the next couple months.
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POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes