CNBC Squawk July 3, 2024
On squawk box, mohammed el. S p giving back about 40 of the gain from friday. If you look at a longterm chart, its hard to identify these conflict points as being turning points. That being said, the market is in a rational, localized way, punishing those groups that seem like theyre going to be, perhaps, disadvantaged, like the travel related. You get a bit in defense and energy. Its reflex. Theres a lot else going on. We kind of had a cushion because oil prices backed off from their highs. Treasury yields, theyre proxies based on futures and etfs look like theyre easing back a bit as well. Y...