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BLOOMBERG Whatd You Miss July 13, 2024

A slight rebound in oil. A pretty significant rebound in copper. The treasurycross curve. Had two backtoback be a equities sitive it will be interesting to see what the sentiment is when we come into work in the morning on wednesday. Still with us, scott rendon. Cohosts joey weisenthal and scarlet fu. Appetitealk about risk , when you look across the globe and you may be look at emerging markets, do you see anything attractive given how far we have seen the dollar move higher and the issues in funding markets . Think there will be some problems. We are also underweight developed International Markets and u. S. Small caps. Right now, we are very focused on u. S. Large caps, u. S. Midcaps. While our targets show positive returns for all of those asset classes, far and away the two best opportunities, at least in capspinion, our u. S. Large and midcaps. We do not want to get overly aggressive in these
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BLOOMBERG Whatd You Miss July 13, 2024

Liquidity conditions. But, fundamentally, this is coming back to a physical problem rather than a monetary problem. Romaine the dow jones down about 3 . The s p. Composite finished in the red. Into the green at the close, about 0. 2 . The only real sector was actually consumer discretionary, but it was a pretty lopsided victory. Namesof the semiconductor actually moving significantly higher, up about 10 index was your outperform her. A lot of names that people think could benefit from the stay at home, work at home environment. Netflix, intel, a lot of those names. Of course, to the downside, we see some of the names in the travel and tourism spacelike marriott, down about 6 on the day. As far as the treasury market, we continue to see some buying. 10 year yield 0. 795. The bloomberg dollar spot index is still higher on the day. 10th street day of games of gains on that index. Still with us, jack manley. Joe weisenthal, scarlet fu, still in their bunkers somewhere. Jack, when you look ....

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BLOOMBERG Whatd You Miss July 13, 2024

Facebook, amazon. A whole lot of the names moving this market higher giving back those gains. Joe pretty ugly all around. Off the lows but nowhere near the highs. Is,ess the consolation yesterday still up substantially on the week. Scarlet positive on the week. Down on the day, down on the year. In 2020. Ones down 9. 2 lets check in with our market reporters. Abigail im thinking about todays two top stories. Of course, the fed rate cut, the emergency rate cut, and the stock selloff. Investment traders thinking the fed has not done enough. There was another period of time when bond yields fell and stocks fell. That was in 2018. At that time, fed chair jay powell they were in a hiking mode and he indicated they would hike. They did. And became more dovish stocks fell off. Between that selloff and this selloff, even with the fed cutting rates, stocks going lower. Investors not liking the messaging, it seems. They should not be worried about message response although perhaps a looking for ....

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BLOOMBERG Whatd You Miss July 13, 2024

For the s p 500, 139 above the moving average. Romaine on a weekly basis, there are only two stocks that finished in the green in the s p 500, and those were both speculative plays around the coronavirus. Sector andal quick looking at, Energy Stocks, small energy up 4. 5 . This is a sector that got up litter rated. No new bond issues. Lets check in with our reporters and see what they are keeping an eye on. Abigail, lets get started. Abigail lets get started. This is the worst week since 2008. As they had that small move. He said watch after 350. That is when the by that can happen. That might be why we saw the better clothes than expected, but when we put it in the theyxt of the longer term, absolutely sliced through the 200day moving average. Here is the moving average and blue. In yellow, the 100week moving average. When that has happen in the past, for the most part, it has signaled that we are likely to go down to the 200day m ....

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BLOOMBERG Whatd You Miss July 13, 2024

As previous days when it comes to losses. Romaine it is all relative. Scarlet lets check in with our reporters for more on the market action. Of the day,the end some of these mega cap tech names. The New York Stock Exchange faang index getting a big boost. Apple, the best day since 2011. Overall, the new york faang index getting its best day since the beginning of january. We had this huge move down yesterday, the big bounceback today. This index may suggest or downside is ahead. The new york faang index still above the 200 day moving average. At the highs, more than 40 above the 200 day moving average. Bearish divergence, falling rsi. Now we are still above that 200 day moving average. These you see some of mega cap names come down to earth, it is hard to believe a true bottom is in place. As the prices get set to hammer the oil companies, one corner of the industry is set to see some gains. Those
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