JOE: THE QUESTION IS, "WHAT'D

YOU MISS?"

MATT: U.S. STOCKS MAKE UP THEIR

MIND.

JANET YELLEN'S RECENT COMMENTS

ARE GOOD FOR INVESTORS.

CAN THE FUNDAMENTALS IMPROVE

ENOUGH TO KEEP THE RALLY GOING?

JOE: WALL STREET IS WAITING TO

GET MORE ENDOWMENT CLIENTS

HELPING SCHOOLS MANAGE

INVESTMENTS HAS GROWN INTO A

$100 BILLION BUSINESS.

CHANDRA: IN BRAZIL, THE

IMPEACHMENT TRIAL OF THE

PRESIDENT IS ENTERING ITS FINAL

PHASE.

CAN SHE CONVINCE LAWMAKERS TO

KEEP HER IN OFFICE OR IS HER

REMOVAL ALREADY A FOREGONE

CONCLUSION?

MATT: WE BEGIN WITH OUR MARKET

MINUTE WITH THE BIGGEST GAIN ON

THE S&P WE HAVE SEEN SINCE

AUGUST 5.

WE POINTED OUT THE LONGEST

LOSING STREAK SINCE JUNE HAS

BEEN SNAPPED.

GROUPLL SEE EVERY SINGLE

ON THE 500 INDEX HAS GAINED

TODAY.

OSP TO SEE WHAT M

IS GOING ON IN STOCKS.

YOU CAN SEE THE GAINERS.

I WILL CHANGE IT OVER TO NAMES.

WELLS FARGO, J.P. MORGAN,

BERKSHIRE HATHAWAY ALL BIG

GAINERS TODAY.

FINANCIALS LEADING THE WAY.

AS FAR AS THE LOSERS, BIG NAMES.

ALLERGAN, BIOGEN, AMGEN.

I'M PULLING OUT PHARMACEUTICAL

AND HEALTH CARE NAMES ON THE

LOSING SIDE.

JOE: IN THE GOVERNMENT BOND

MARKET, WE SEE A SELLOFF IN

SOUTH AFRICAN BONDS.

THAT IS ONE COUNTRY -- LET'S

LOOK AT THE U.S. FIRST.

LOWER YIELDS ACROSS THE BOARD.

WE SEE A PARTICULARLY SHARP DROP

ON THE 10 YEAR YIELD.

THE FACT THAT THE U.S. TWO-YEAR

DROPPING LESS THAN THE 10 YEAR

INDICATING A FLATTENING.

FRIDAY AFTER THE FED COMMENTS,

WE SAW YIELDS UP.

TODAY A REVERSAL.

LET'S LOOK AT A ONE-MONTH CHART

OF SOUTH AFRICAN BONDS.

THAT IS INTERESTING.

GROWING ANXIETY ABOUT THE

FINANCE MINISTRY AND POWER

SITUATION HAS SEEN A SHARP JUMP

IN THE LAST WEEK.

CHANDRA: I'M LOOKING AT

CURRENCIES STARTING WITH THE

DOLLAR.

WE HAVE SEEN THE INDEX HIT A TWO

WEEK HIGH TODAY.

WE ARE PRETTY MUCH UNCHANGED AT

THE MOMENT.

YOU CAN SEE THE DOLLAR OVER THE

PAST TWO DAYS.

FRIDAY SEE THE SPIKE ON

AFTER STAN FISHER SPOKE

FOLLOWING JANET YELLEN'S SPEECH.

YOU CAN SEE IT UP .9% OVER TWO

DAYS.

I WANT TO LOOK AT THE YEN.

WE ARE SEEING A STRONGER DOLLAR.

THEYEN WEAKENING AGAINST

DOLLAR FOR A FOURTH DAY AFTER

BANK OF JAPAN GOVERNOR KURODA

REITERATED HIS READINESS TO EASE

MONETARY POLICY.

EYE ON THE REAL AS

WELL, IT IS THE BEST-PERFORMING

EMERGING-MARKET CURRENCY AGAINST

THE DOLLAR TODAY.

UP 1%.

ON THE COMMODITIES FRONT,

LET'S CHECK OUT GOLD WHICH HAS

BEEN ON A LOSING STREAK LATELY.

IF WE LOOK AT A CHART OVER THE

LAST MONTH, HERE IS A ONE-YEAR

CHART.

WE'VE HAD A BIG RALLY SINCE

DECEMBER.

BUT WE HAVE TOPPED OUT LATELY.

WE HAVE NOT MADE A NEW HIGH IN A

WHILE.

OVER THE LAST MONTH, A BIT OF A

LOSING STREAK.

GOLD HAVING A SEVEN-DAY LOSING

STREAK.

AFTER A TORRID START, GOLD IS

FADING.

MATT: THOSE ARE THE MARKET

MINUTES WE ARE LOOKING AT.

WE WANT TO GET INTO THE DEEP

DIVES AND TAKE A LOOK INTO THE

BLOOMBERG.

I WANT TO SHOW YOU THE FUNCTIONS

YOU CAN PULL UP BY LOOKING, FOR

ME IT IS THE BOTTOM RIGHT-HAND

CORNER.

FOR YOU, THE BOTTOM LEFT-HAND

CORNER OF YOUR SCREEN.

I HAVE ONE ON OIL WHICH I THINK

IS GREAT.

THE ECONOMIST AT BLOOMBERG

INTELLIGENCE SENT ME THIS.

YOU SEE THE DIFFERENT OPEC

COUNTRIES AND THEIR PRODUCTION

GOING BACK TO THE 1990'S.

ONLY THE WHITE LINE, WHICH IS

SAUDI ARABIA, THE ORANGE LINE

WHICH IS A ROCK -- IN IRAQ, AND

THE BLUE LINE WHICH IS A RUN,

HAVE MADE SIGNIFICANT JUMPS UP.

IRAN COMING BACK TO NORMAL.

IRAQ IS THE BEGINNER AMONG THE

OPEC COUNTRIES.

YOU CAN SEE ALL OF THE DIFFERENT

MARKET SHARES THERE.

YOU SAW IT FOR A BRIEF MOMENT.

IT IS INTERESTING TO LOOK AT THE

BREAKUP OF THE OPEC COUNTRIES.

JOE: DEFINITELY.

I'M LOOKING AT THE CORRELATION

BETWEEN TWO E.T.F. AND I THINK

IT SAYS A LOT ABOUT WHAT IS

GOING ON IN THE MARKET NOW.

THE CORRELATION BETWEEN THE SB

TLT.D

.HIS IS A 90-DAY CORRELATION

THEY ARE THE MOST POSITIVELY

CORRELATED IN FIVE YEARS.

WHEN EVERYTHING IS CORRELATED

TOGETHER LIKE THIS, IT HAS LOTS

OF IMPLICATIONS FOR THE MARKET.

IT MAKES IT HARD TO DIVERSIFY

WHEN BONDS AND STOCKS ARE DOING

THE SAME THING.

YOU GET NO DIVERSIFICATION IN

YOUR PORTFOLIO.

IT SHOWS THE IMPORTANCE OF THE

FED.

TODAY WE SAW BONDS AND STOCKS

RALLY AT THE SAME TIME.

FRIDAY WE SAW BONDS AND STOCKS

SELL OFF SIGNIFICANTLY AT THE

SAME TIME.

IN THEE ONLY VARIABLE

MARKET SEEMS TO BE THE TIMING OF

THE FED, YOU GET EVERYTHING ELSE

RALLYING OR DECLINING AT THE

SAME TIME.

WE ARE GOING TO KEEP AN EYE ON

THAT CORRELATION.

CHANDRA: BY CHART SHOWS A

DIVISION BETWEEN WALL STREET AND

MAIN STREET.

IT IS NOT THE FIRST TIME THIS

HAS HAPPENED.

I THOUGHT IT WAS INTERESTING

BECAUSE IT IS LOOKING AT

VOLATILITY.

WE HAVE THE CALMEST STOCK MARKET