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Big Ben’s Market Rally

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  • Description

    FBN’s Jeff Flock with a market update from the CME with Larry Shover.

  • Duration 2:03
  • Date

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-- -- broader talking to traders in the pits of the CMA Jeff what are they telling him.

Well will last somebody who knows in a second here actually but first it's not just oil it's everything over here almost everything -- -- a just and needed to meet -- that's one of the areas the only -- it's not up today but first let's throw up oil there got over a hundred.

Dollars a barrel for the first time in four months and that's not alone as we said gold platinum copper all -- All the precious metals barrier -- Irish over always -- -- get his take on it.

First of all.

You don't -- we think this.

Good -- do yet.

No it's not a good thing whatsoever -- think about it mean -- -- he has made explicitly clear that he wants inflate his way out of this problem that's his method of choice he doesn't want the economy -- He wants -- to -- a dollar -- What we're seeing behind us -- rallying so these guys are trading -- -- -- like this -- walk with me -- we head over to eurodollar futures.

They -- like this but they are trading this take a look at -- today.

That's another one I mean we just had a terrible government report that should have driven corn down -- of yeah you know this what I call very angry rally that's everything behind -- -- -- -- -- up their hands realizing the tail end of the Central Bank just cannot be underestimated right now before we get away wanna tell you the only losers out here as we do -- walked over to -- dollars a wanna keep my -- on this because the weakened dollar.

Obviously has a huge impact as well but let's look at what was down today.

Only Nat gas that's because mild weather predicted and looks like we got more stocks and silver also -- of profit taking and last but not least as we said feeder cattle.

When the price of -- goes up the price of meat goes down that's right sure does not something or we're gonna have to get used to -- -- we're gonna have.

Food inflation because of this -- dollars cheaper it's gonna get really top and out at combine that with the drought and the USDA report.

And upset by commodity says Larry show over get out of equities by commodities.

Makes more work for us over here in Chicago.

-- Hillary is getting expensive has is up the kind of hours that's assured Jeff --

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