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CNBC Mad July 3, 2024 - Vimarsana News

CNBC Mad July 3, 2024

Be nauseated by the companies that have already reported with the sole exception of tech, which is once between getting a pass. We could have more days like today where the dow lost 174 points, s p tumbled. 62 , nasdaq shed. 63 . It was much uglier at one point during the day. What makes me so sure earnings season could actually be so difficult . I think its because were rooting for lower inflation and less wage growth. But so far we just arent getting that scenario. Oh, yeah, we had a onetwo punch today of a hotter than expected Consumer Price index coupled with a Government Bond auction of 3...

CNBC Mad July 3, 2024 - Vimarsana News

CNBC Mad July 3, 2024

Be, i have to make you understand this stuff. Let me use the impact of these glp1 weight loss drugs as an example. Now these medications made by novo nordisk and eli lilly has multiple uses, and theyve become one of the most powerfully disruptive concepts ive ever seen in all my years in this business. I call them concepts because theyre not yet a reality. That doesnt seem to matter to wall street. We own eli lilly for the Charitable Trust and talk about it endlessly and do so with a reason. Its drug might become the greatest selling pharmaceutical of all time. The house of pain all aboard wel...

CNBC Mad July 3, 2024 - Vimarsana News

CNBC Mad July 3, 2024

Cycle. It is the goodwrench time, where the brown sheets that we were looking for, turn into the compost. This actually ends up being good news. We actually start cutting rates. Sooner than expected it still hurts. The house of pain. That is why i want to walk you through the house of pain that you are going to experience. Watch mad money. I know you do. We can provide you with some novocain and anesthesia. We have updates on the today show where the p. O. W. Gained 15. 1 . That is a dip in 1 as well. You need to expect a vicious interday selloff, like we had today. The fifthplace coit. We awa...

CNBC Mad July 3, 2024 - Vimarsana News

CNBC Mad July 3, 2024

Funds and the pessimistic strategies want things to go horribly. And theyve been having their way for weeks. Now the situation looks different. Dow gaining another 135 points today, s p climbing 0. 25 and nasdaq jumping also. Hard to fathom how the bears can gain credence. Hard to take them seriously in this kind of tape. Todays typical. We know theres been widespread concern that Cheesecake Factory will be crossed off by the diabetes weight loss drugs, ozempic and its twin wegovy and m mounjaro. Wall street, im sorry, walmart sounded the alarm to wall street saying their volumes are soft and ...

CNBC Mad July 3, 2024 - Vimarsana News

CNBC Mad July 3, 2024

Flat. Thats one of the main reasons why this market has become so frustrating. Its a real threat to whatever bull markets are left. And the ones that are left out, boy, are they painful. The recent selloffs, theyre much more extreme than our rallies. We just dont have enough sectors with strong prospects, which leads to a shortage of viable stocks. Thats why the universe of winners is so narrow here. Even on a day when the averages rebounded hard from the lows, dow finishing off just 12 points, s p dipping 1. 3 . Nasdaq declined. 12 . You know as i say every night theres always a bull market s...