. >> now let's get over to mike santoli. i know you're kelly, for trading nation. >> tyler, thank you very much. semi stocks off their session high, still up a bit after an impressive start to the day. at the day's peak the group was nearly 3% higher, now barely hanging on in the green. that big reversal coming after a 6% drop so far this month. we're joined by matt maley and stacy gilbert. matt, obviously semis, we've talked about them before they were a leadership in the nasdaq, going up into the highs in the spring, have given a lot of that back what do we make of these comeback attempts? >> well, it's funny because right now we are at a key juncture at least on a technical basis for this group as you mentioned, it's been a key leadership group in the past and it did top out several months before the xlk by several months the key is right now, as you mentioned, we've seen a little bit of a bounce and it's made a couple of minor higher highs and higher lows. that's good. the problem is it has to continue if you look at a l

i'm mike santoli it's time for trading nation boeing tanking today as trade uncertainties continue to weigh on the company the ceo sitting down with becky quick earlier today and discussing the recent market volatility >> what you see is some local volatility again in the market because of some trade uncertainty. and we're hopeful coming out of the g-20 summit that we're on the path to finding a trade agreement with the china that's productive for both the u.s. and china. its an important marketplace for us >> given that uncertainty, how should you trade boeing now? joined my matt milley and stacey gilbert to talk about just that. matt, this quasi-such a leader going into the market highs this year down pretty significantly from those highs. where do you think it is set up right now? >> well, definitely become more concerned about the stock recently you mentioned how it was such a great leader the problem is the vast majority of gains came in the first two weeks of the year. then it's been kind of stuck in a range lately, so it's been kind of dead money for almost 11 months now more i

. >>> this month's market volatility has mike santoli working overtime. he's going back to take a look at the recent outperformance of the safe haven defensive stock plays. >> and whether it will continue. bitcoin not being a safe haven. was it the big financial story of 2018? tell us what you think on twitter and we'll have the results at the end of the show. ♪ ♪ (buzzing) gather new insights, leave your data protected on-site, and put it all to work with ai. the ibm cloud. the cloud for smarter business. >>> defensive plays like consumer staples, utilities, real estate all higher in the last week. michael santoli to look at how long outperformance in these defensive stocks could last. is this where investors should be next year >> i'm going to show you two sides of that question. obviously the preference lately has been for these defensive stocks. splv is an etf that follows the lowest volatility stocks. sphb is the highest beta stocks, the most aggressive. when risk appetites are going down, low volatility stocks go up. you see right now that over

t is the time to reach for safety more on this when we come back >>> welcome back i'm mike santoli it is time for trading nation. the safety trade acting anything but safe right now defensive sectors like health care, staples, and utilities plummeting over the past week and offering no real shelter as the selloff intensifies. is there nowhere to hide we discuss that. bill, first of all, what's your read on this pattern here? does it just mean it's indiscriminate selling folks are just getting rid of everything and therefore not really discerning between safe and not safe >> there's been systemic selling across the board for about two months now you're seeing it from index to index. you're seeing a portion of the treasury yield invert. now you're seeing the dow take out february lows. you're seeing the nasdaq get near february lows ultimately, i did not predict this last leg in the market. that's okay. i've been pounding the table on being long treasuries. so if you're long the reads or utilities, they may outperform, but you're still going to lose money. i like going long on treasurie

mike santoli is so excited he put together a special segment at the tele-strator. >> i'm running through the rules of our version we're going with two different stocks, mystery stocks last year's performance plus statistical stuff. here is stock number one showing you the chart of this stock how it did in 2017 last year. obviously did not do well. huge decline, down 45% in 2017 had a moderate forward price earnings ratio of 16.7 at the end of last year and only 17% of analysts with a buy rating not a well-loved stock very tarnished number one number two, i'll show you, stock also did very poorly almost actually a little bit worse than number one down 50% last year very expensive stock 65 times earnings still after the decline. a little more than a third of analysts saying it was a buy if those were the choices, sarah to own for 2018 for the current year, stock number one or stock number 2, your choice. >> i choose stock number 2. >> stock number two i think you'll be glad you did let's see what it is you like the expensive stocks. >> don't you have to use a briefcase to reveal. >> number

i'm reacting to joe kernin, coming back from a break mike santoli is here with his take on what is turning into the great debate this morning. >> yeah. so, 24 hours ago, i said that the market was at th stretched to the downside. the reaction to me shows a couple of things, one is the market, the force of this downtrend, the threshold for what would have pleased this market is higher than we thought, than i thought. but also, the market is portraying itself as if it's in this need of greater rescue. because i think of this liquidity vacuum at the end of the year, association tso, the t psychology has worked its way into this way of thinking. now, once we get this reaction, now what is the big question for me we look back at this 2015 experience, yellen gets a first hike into the cycle, by two months later, she was acknowledging, yeah, i guess we'll do negative risk even with what fed has on paper right now, two hikes in eight live meetings, you're not going to hear about tightening month for another month. i think the focus on the balance sheet, again, shows more of investors' acute sensit

i'm melissa lee with joe kernen and wilfred frost sitting in with us for the next two hours is mike santoli. let's look at yesterday's record breaking rebound the dow logging its largest one-day point gain in history. the 4.98% gain was the biggest upside percent move since march of 2009. it was the biggest post-christmas rally for stocks ever retail led the way shares of wayfair, kohl's, dollar general jumping more than 7% amazon stock up 9.45%, wiping out declining from the christmas eve selloff. the stock pairing some of those gains this morning >> checking on the markets right now, pointing lower after that positive move yesterday. we are about 350 points lower. around 1.5% for each of those major indices. yesterday we gained 5% for the dow and the s&p. in asia, positivity in japan after a very poor christmas day performance. up 4% today. hong kong and shanghai both lower. european trade less positive than that. the dax down 1.5%. france flat. the rest of europe showing declines european trade has been closed the last two sessions. so this the first trade since the christmas eve decline

we have mark linear who won one of those cases >>> joining us now, cnbc commentator mike santoli and peter boockvar at bleakley advisory group and a cnbc contributor. we sign him more as things get bleaker and bleaker. we'll start -- you didn't actually put any specific santoli-esque -- >> i'm just going to counterpunch >> you may need with that boockvar i've kidded you in the past about being bearish. but in the past couple of months a lot has come to pass do you think we're searching for a bottom here? or are we on an elevator halfway down from its destination? >> i think in the very short term and we can define that in the next couple weeks. i think when we sold off, those were the areas of safety that people were hiding out in. once they got around to that, it was a lot of forced selling. whether it was margin calls, redemptions, people raising cash that kind of fore selling means you get to a short-term bottom >> in the past, rates were staying low for too long and a lot of people argue that and both people -- both sides are sort of claiming victory now. people said they should