Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i
Those higher beta growth names and were watching alphabet shares closely today as openai refreshes its chatgpt chat bot, what it means for investors as well in the Broader Markets, well, most s p sectors seeing modest losses today. Small caps are outperforming yields are down. So, what else is new the russell is up. Well watch that over this final stretch. It does take us to our talk of the tape, whether the bull market is at serious risk or not. Lets ask dan greenhaus, chief strategist for solis you see the barons over the weekend . Dow, 40,000, so close you can feel it. Why you should fear it. And make a direct line to the cpi because thats coming up on wednesday. Ppi is tomorrow. They say recent history points to reasons for pessimism at this rate, investors could be betting on rate hikes instead of cuts before the fall what do you think of that . First of all, until this moment, i had no idea where the dow is thank you to barons. I see its on the wall now got to be paying attention
Lisa heading into a week of important inflation data and two of us are live in d. C. , one of us is in paris, and dani burger is a new york. Welcome to bloomberg surveillance. More on why we are all over the place in just a moment. Important week kicks off on wednesday with data releases that make solidify a narrative that has been flipping and flopping. Why wednesday is going to be so important . Dani wednesday will be so important because this market has decided that with the week data coming from the consumer, the week data coming from jobs moving in the wrong direction, if inflation does not also soften maybe well Start Talking about stagflation. Lisa that is part of the fear. We are in washington, d. C. Lets get to the why. And reorder, you have important annemarie, you have important interview with janet yellen coming up at a time when industrialization and the china u. S. Relationship is what every ceo and politician is focused on. What will be your focus . Annmarie we are sitti
Australia. Im paul allen in sydney. Counting down to asias major market opens. Big u. S. Tech jumping after the bell as earnings mostly beat expectations. A sigh of relief from investors worried about lofty valuations. Elite rebound coming after markets were rattled by data showing starved inflation and slowing growth in the u. S. Economy. It is decision day for the bank of japan. Market players scrutinized for hawkish signals. Plenty on the docket today. Lets look at how markets are setting up for this friday in the asiapacific. April hong is in singapore. Its a big day watching out for tokyo cpi numbers for the month of april do this hour. Of course its about the boj decision and more importantly whether we get hawkish signals. Signals of quantitative tightening. The central bank is considering measures to reduce the levels of bond purchases, and in the meantime the likes of Morgan Stanley and mufg economists flagging a potential young shot from the tokyo cpi numbers because of a lac
Looking at this morning. We believe these early indications have bounced, is it showing signs of stability . Its tentative. Being oversold, which is just a measure of how far and fast the market has gone down relative to its trend is just one of those ingredients. It is a precondition for maybe finding our footing. After yesterdays close, the s p 500 was basically oversold as it had been back toward march. We did have trading lows. I still think youll need to see bond yields sustainably calm down a little bit. We cant have this sense we have this disorderly rise in yields. The market is trying to reckon what that means to me for the economy. I dont think its a straight compute the valuation of equities rel to bonds. Its more can we handle what rates are throwing at the economy. The s p 500 down 6 from its high, peak to trough yesterday. The average stock down 8 to 10 . Its getting toward a proper correction. Theres downside in the s p, another 3 , 4 , Something Like that. I think my co