Pimco's Bet on the Market- May 2010
Airtime: Fri. May 21 2010 | 2:05 PM ET
Pimco’s Mohamed El-Erian and Bill Gross discuss where they’re putting Pimco money right now.
Airtime: Fri. May 21 2010 | 2:05 PM ET
Pimco’s Mohamed El-Erian and Bill Gross discuss where they’re putting Pimco money right now.
A breakdown of the Fed’s latest Beige Book, with CNBC’s Steve Liesman and James Bianco, Bianco Research and Lou Brien, DRW Trading Strategist.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Fitch Ratings downgraded Spain’s credit rating by one notch on Friday, with Win Tin, Brown Brothers Harriman sr. currency strategist.
North Korea is severing ties with South Korea in response to sanctions handed down, and the escalating tension is adding another layer of fear to the global markets. NBC’s Jim Miklaszewski has the details.
President Obama names Solicitor General Elena Kagan to the Supreme Court of the United States.
The world’s biggest and most expensive ever expo is underway in Shanghai, China. CNBC’s Bernard Lo & Cheng Lei tell us what visitors can expect at Expo 2010, as well as its economic impact.