This Is Not a Healthy Market: Sebastian

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Feb. 11 (Bloomberg) –- Swan Wealth Advisors Director of Trading & Investments Mark Sebastian and Bloomberg’s Julie Hyman discuss today’s market rally and what it means for the U.S. markets in “On The Markets” on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Smart," i spoke about the shift in sentiment.

Especially when you look at the reaction to the jobs report on friday.

You were concerned about that being a change in the tapering schedule.

Today, it is staying the course.

Is that somehow a good thing?

Based on the testimony, i would have been left cries if you had told me -- less surprised if you had told me it was down $20. looking at that rally, i see signs of wear.

The treasury has stabilized, the s&p is moving to play.

Rallies with a quick snap and then followed by a slow grind by half a percent.

Those are unhealthy.

These huge moves are not a sign of a healthy market.

The snap that you are talking about is ordained after the s&p. that is the quick snap back we are talking about.

What is next?

What the correction as small as it was not "the" correction?

It will be top.

We have watched the vix over the last few days.

How are they moving to gather?

I expect to see the vix down slightly.

We saw the same thing on friday.

Going into the weekend, there is a lack of reaction that shows that people are going in and buying call.

There are a lot of people owing to these market and they are probably worn out.

I would rather go in to the s&p. it is never a sign of a healthy market.

Correct people are really looking forward to yellen testimony for more information.

What will give us on idea of direction?

When china announced easing, i said to myself, people think that is a good thing.

It is probably not.

You will see the yeah and have some problems.

Emerging markets are having issues.

We are going to 1200 or something like that.

We will eventually have a moving day average around 28. i think we have to.

Good to see you in person.

Thank you for coming into the office.

This text has been automatically generated. It may not be 100% accurate.


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