Also in this playlist...
This transcript is automatically generated
And not commodities today have been in the green after -- -- comments from Ben Bernanke earlier today in Jackson Hole that we've all been talking so much about and it sets up Santa Smith to tell you the latest.
In today's edition of the trade from the -- of the CME in Chicago center.
They -- always good to be down here on the floor at the trading floor in Chicago on -- daylight this but unfortunately for a lot of traders -- -- Ben Bernanke really didn't say anything but strength.
Taken up a join me from can -- capital.
Them -- why did he think anything.
Well he's just he just reiterated the fact that all he hat when everything looks like -- -- all you have is a hammer he's got a hammer and he's willing to swing it will he eventually do some more QE absolutely but for -- the risk adjusted potential returns and equities right now I just don't see I think the risks are significant.
And I think the upside is relatively limited so I don't wanna be long equities here this could be just a short term rally that we're seeing in reaction to this this morning.
I think traders are banking on the fact listen he is going to step in he is going to do QE at some point that's all that's the only tools he has now.
And he's made it very clear that he intends on using them at some point.
And to speak to that point as a -- we have Euro currency hop aboard the Euro and -- -- -- the dollar drop in this the Euro rise.
-- -- your point if there's going to be more easing we would we see weakness in the dollar but.
Don't -- but also remember in the currency market that all the currencies -- race to the bottom every single Central Bank is saying well there's going to be more there's going to be more so that all this is is that like a senate race to the bottom old they're gonna print more dollars the Europe Europe probably get a -- euros the yen is gonna continue to have more of those so that that's all this is not -- market -- represented.
I taken -- can I capital thanks for joining hasn't got mobile live all day and the trading -- -- -- really bringing you the color in the voice of the traders.
After Bernanke's well speech and I guess.
Filter by section