Bob Pisani, NBR, CNBC.com’s Posts

We’ve seen a notable breakout, but still no signs of profit taking. It’s been one heck of a month for equities. Not only do we have historic highs in the S&P 500, S&P Midcap, and Russell 2000, but every major index is up 5 percent or so. Major Indices in February: NASDAQ: up 5.7 percent …

Greece and the Eurozone may be in a temporary stalemate, but you wouldn’t know that looking at Europe. The Greece ATHEX Composition has risen 6 percent, and a somewhat vague declaration on a cease-fire in Ukraine is animating the rest of Europe, with all major bourses up. European banks are especially strong after a terrible …

Let’s run through the jobs report: 257,000 jobs created in January, above expectations of 237,000; upward revisions in November (423,000!) and December; wage growth up 0.5 percent; year-over-year growth of 2.2 percent. Job growth and wage growth? We haven’t seen this in a long time. The S&P 500 and bond yields are up, while gold …

The news on oil is still mostly bearish—BP announced a $3 billion cut in capital expenditures for 2015 on Tuesday—but analysts and strategists are again trying to call a bottom. Raymond James’ Jeff Saut told CNBC Monday that oil has indeed found a bottom. This morning, following a disappointing earnings report from Anadarko Petroleum, Stifel …

In a quiet week, one of the main topics of interest was the Dow Utilities‘ 4-percent drop in the last two trading days, following a huge rally in the middle of the month. It was still the best-performing of the major indices, up 28 percent for 2014. All this occurred without a bond market rally. …

I don’t make predictions on where the S&P 500 will end up next year, but if you look at what usually powers gains in the stock market—corporate profits or multiple expansion—it seems more likely that any gains will come from increasing corporate profits. Increasing the multiple is possible, but there are many headwinds. Let’s talk …

The exchange-traded fund winners this year were biotech and mainland China. It was a home run for biotech across the three largest ETFs. SPDR Biotech, an equal-weighted index of U.S. biotech stocks, is up 43.5 percent for the year. First Trust Biotech ETF, another equal-weighted index, has also been a big performer, up 49.5 percent. …

We are heading into the end of the year, and this week we will see a spate of IPOs get pushed through the door. On Wednesday night, LendingClub, the largest peer-to-peer lending service, is seeking to price 57.7 million shares at $12 to $14 a share, which is up from $10 to $12 just two …

Bourbon is in, and apparel is out. That’s the story if you look at the earnings picture today. Abecrombie & Fitch cannot catch a break. Third-quarter earnings were about in line with expectations, but EPS of 42 cents is poor in comparison to last year’s 52 cents. Traffic was weak, and with about 30 percent …

December is traditionally a strong month, but as we begin we are getting: 1) more weak data from China, with PMI down to 50.3, the lowest reading since March. Many big material names like BHP Billiton were down big last week—about 10 percent—on concerns China’s growth is slowing. 2) more weak data from Europe, with …

The shocker overnight wasn’t that the Halliburton–Baker Hughes deal went through. It was Japan GDP going negative—for the second straight quarter. I don’t know what you call GDP coming in negative 1.6 percent for the quarter when the consensus was growth of 2.1 percent, but it certainly is a shock. That, following a 7.1 percent …

Two of the great darlings of momentum traders are reporting good earnings, but with sales growth slowing, they are getting hurt. Momentum trading is a fiscal business. Traders want revenue growth, preferably growth of at least 20 percent, but 30 percent or 40 percent is better. When earnings growth decelerates, it can be difficult. Look …

The double upside whammy in Japan has implications for global stocks. The Bank of Japan announced additional purchases of government bonds, but the real market mover was the announcement that the country’s Government Pension Investment Fund would put half its assets in stocks and cut its holdings of government bonds by a third. And we …

Yesterday, the Fed upgraded its outlook for the U.S. economy and said it could hike rates sooner, depending on how closely the economic data improves. That’s why everyone was watching today’s first look at Q3 GDP. The headline number was stronger than expected at 3.5 percent. But below the hood, business and real estate investment …

Oil dropped below $80 per barrel on Monday morning, with important implications for production and jobs. The most important issue for the markets is oil that dips below $80. Today, Goldman Sachs cut its West Texas Intermediate Crude target to $75 from $90. The investment bank also cut Brent crude to $85 from $100. A few …