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July 16, 2024
And s p plummeting 1. 22 and nasdaq nosediving 1. 20 . I know they are bad but it was worse at one point, everybody in wall street is searching for Companies Strong enough to tran send the day to day havoc and there is a lot of havoc to tran send we opened on fears the Chinese Government might need to crackdown and send in the army, the poa, the coolest situation down then buyers stepped in to take advantage of the pull back after all, so far china hasnt done anything serious and nothing but a n...
July 16, 2024
We lower on the douby just 6 points some individual stock moves on the final trading day of august to hit check out ulta beauty on track for the worst day ever down around 30 after missing on earnings, revenue, estimates for the fullyear guidance also coming in light blooming brands seeing a spike around 2 00 p. M. After Jana Partners to take a 9 stake in the company saying in a filing it believes shares are undervalued and intends to have discussions with the company about a possible sale. Near...
July 16, 2024
Socalled macrow and listen to individual companies on a day the dow slid, s p lost. 79 and nasdaq shed 6. 8 because treasury yields cantonu to sink and the president terrified the market you dont know the term terrified . You better get used to it. Others were focused on tariffied, i was focus on home depot because when im trying to take the pulse, home depot gives me a better read from the bond market or any talking people on tv home depot has all sorts of insights you cant get from staring at ...
July 16, 2024
The currency weapon has been. Yeah. It was a big surprise last week when the president dropped that tweet about september 1st tariffs. And some people that i talked to, tyler, and kel, it changed the game for them. That what they thought they had was a figured out market for the most part. They felt that way because of the fed and the rate cut and they felt like they had their hands around where the market could go in the months ahead were still throwing out of whack by that. Going into that, th...
July 16, 2024
Is there more pain to come or a real bottom anywhere in sight . Trade tensions still in focus as the Chinese Central Bank does something it has not done in more than ten years. Well tell you what that is on this thursday, augustth as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan you are watching Worldwide Exchange. Thanks for joining us. These crazy, volatile markets have shown no sign...
July 16, 2024
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the b...
July 16, 2024
Welcome. Everybody has a bad day now and again, and some more than others. The same is true for stocks, and this was quite a week. Ongoing fears over a trade war with china sent stocks ler. The nasdaq and the s p 500 were off more than 3 this week. The nasdaq, just about 4 . It w the worst week of the year for those indexes and the better than you marked the second worst for 2019. As for today, the dow lost p nts to 26,485. The nasdaq dropped 107eand s p was off 21. Actually, a trade dl was reac...
July 16, 2024
With the Union Bank Private Bank stocks, as you know, continuing to stage their rebound many of the big names recovering a good prgs of their losses. Pete, i will start right there apple because down more than 5 on monday. Today back over 202. Nike was down 2. 5 on monday its up five since then. Yeah, we talk about the rotations all the time the rotations used to take weeks. Then it was a week then it was days now its intraday. Look where apple and microsoft and a lot of these various different ...
July 16, 2024
Pace for the Third Straight weekly loss, could a friday rally turn it around and great debate, recession or slowdown. Two wall street titans weighing in this morning. And ges ceo wants investors to know he believes in his company as the stock suffers its worst day in over a decade so we do not need to tell you were heading into the final trading day of this volatile market week. The three major indices, each down 2. 4 week to date the s p and the nasdaq still posting double digit gains for the y...
July 16, 2024
Cutting the cord for the Cable Companies. Well hear his surprising report as power lunch begins right now. All right, let less give you a check on the markets they are up by more than 11 for the dow. 289 points the dow up 300 points. At one point as the bond market stabilizes still though on a track, the dow that is for its third week in the red, nasdaq up a buck and three quarters all right, thanks we are looking to close out a wild week on wall street with 100 point swings in every direction. ...