Is Debt Dull? Guy Adami explains why a company?s debt is the foundation upon which a trade can rest. Click here for the Fast Money Trade School Lesson of the week. |
The Fast Money five takes a look at the week's biggest market movers. | |||
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I wrote in the column some weeks back that it always stops raining. And after weeks of gut-churning, hair-raising volatility, the market appears to have found some semblance of what it has long sought: terra firma. For the second week in a row, the Dow managed to finish up and touch a three-month high. And we're now about 10% higher than we were on March 10th, when a full-on meltdown in the financial markets seemed a likely scenario. All this in a week that saw tough earnings from Microsoft and a lowered outlook from Starbucks, and more importantly, a huge loss at bond insurer Ambac -- an event that would have crippled stocks just a few weeks back. And let's not forget about another record for oil. Sentiment appears to have changed, but for how long remains the sixty-four thousand-dollar question. Next week could bring some answers, when a slew of earnings and economic data hit the tape. Oil, media and consumer product names will grab most of the headlines. Record oil has weighed on stocks and your pocketbook. And now you will see where all that money is going when Exxon Mobil and Chevron report results. And on the flip side, you will also see how the increased costs for gas have crimped consumers' ability to spend when companies like Proctor & Gamble and Disney release quarterly numbers. The Fast Money will be watching. Also worth watching will be the once-mighty dollar. The Geenback is on a bit of a comeback recently, mainly on the assumption that the Fed, having finally brought stability to the markets, may in fact be done lowering rates and will now turn its focus to inflation, where rising commodity prices have caused a steep increase in the costs of everything from food to transportation. Resolution on this front will come on Tuesday and Wednesday when the Fed meets. Most expect a quarter point cut, but guidance on future reductions will drive the markets. Also on the economic front, the Jobs Report on Friday. So far the economy has lost a significant number of jobs this year, and with financial firms hemorrhaging money, it is safe to assume that report could contain a great deal of pain. Remember, an open market is one in which you can make money. So let's try to do just that all next week. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com |
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