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July 16, 2024
The sessions you want to take a look at whats happening with u. S. Equity futures this morning. Dow futures up 10 points, s p up by three we are still under water for all three major averages even after the gains we saw yesterday the dow down about 3 . The nasdaq is down 5. 6 also bumping up against the end of the quarter. Major averages still in positive territory. Youll see now, it looks like the 10year is sitting at 0. 65 of 1 . Andrew, welcome back thank you, becky House Speaker pelosi said ...
July 16, 2024
You have that poll in the wall stre street journal and maybe the stock market considering maybe we wont have a contested lebs if the polling tells you anything accurate about where this race truly is what do you think investors should be taking from this move . I think thats correct. I think the two primary drivers for the higher market today are certainly the fiscal spending and what it equates to in the near term and the dynamic in the market for a trade and investors to extap larapolate is a ...
July 16, 2024
This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at...
July 16, 2024
What hes expecting ahead of the 22 billion their ddollar debut week power lunch starts right now thank you its been another rough week for the market but the nasdaq is now on track to snap a threeweek losing streak. Dom is following the numbers for us assuming that leadership position again and trying to snap that multiweek winning or losing streak rather but if you take a look at the move higher were still in a position now where the dow industrials and the s p 500 could both be on the verge of...
July 16, 2024
You mentioned the vaccine trials with astrazeneca. That is not voting well. Boding well. Chinese markets nearly 2 down for the shanghai composite. The hang seng down 303 points, and the kospi also lower. Watching the dollar declined overnight, given some of the risk off moves. The pound down on the sixth the day, the longest losing streak since may. Streak eurodollar slightly lower. , ian hashe aussieyen been boosted by the haven play. G10 higherthe only than the dollar. Yields pretty much flat ...
July 16, 2024
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them diff...
July 16, 2024
Investors concerned about rising Coronavirus Infections and what that means for the recovery. Global deaths are approaching one million with record cases in france and the u. K. The Trump Administration given an ultimatum over tiktok to delay a ban or respond in court. Ban isnt trumps due to take effect on sunday. ,aidi it was a meandering confused session in the u. S. Investors seemed to be trying to work out where the lead was. Investors weighing the scanned prospects of another stimulus packa...
July 16, 2024
Sides of the atlantic. 1 , tech00 up 4 10 of doing the heavy lifting. The stoxx 600 up 6 10 of 1 . Euro weakness today. It started before the durable goods number and the news out of berlin. Weakness in the russian ruble. Isssure from belarus increasing on moscow and the ruble is taking it harder as a result. Keep an eye on japan. There is a press conference with it is friday and fascinating to see where we go. European stocks lagging their american peers. This anlysts calling opportunity to shi...
July 16, 2024
Still in the red but a much better picture than it looked this morning. Abigail what a roller coaster on the day and the week. We had big gains from apple and tesla. This week, not so much. Nonetheless, the worst week since june for the s p 500 and the nasdaq 100 since march. The nasdaq down 1. 3 . Pressurehat selling really came off. The new york faang index down 1 at the end of the day. Some of this happened as value money seemed to give a tailwind to the macro sentiment. Yields really backing...
July 16, 2024
The cash trade here in europe is less than an hour away. Lets get your top headlines. Softbank plummets on reports it made big bets on derivatives linked to u. S. Tech. A selloff looks set to continue, although u. S. Stocks are shut today for the labor day holiday. Johnson plays hardball. U. K. Officials say britain is not scared of walking away from brexit negotiations emptyhanded. Talks restart on that note in london this week. And cracks in the pipeline. Germanys board member former minister ...