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Now since last october theres the tenyear 4. 26 . As a result, the dow not able to get much going today and safe for the s p tech and discretionary names, obviously thats hurting the nasdaq too as names like apple and microsoft remain, well call it, a bit edgy it takes us to our talk of the tape, the state of this market and where it might be heading from here. Lets ask liz ann shononders good to see you. You too we felt unsettled, its fair to say, over the last couple weeks. Where do you think were going from here . You had a distribution day yesterday, some weakening in breadth, but youre not yet seeing the kind of defensive leadership that you might see when youre getting toward the end of a consolidation period. It doesnt feel like, absent a catalyst, that this is going to unwind in spectacular fashion, but it is it feels like theres probably a bit more consolidation to go. What i wouldnt mind seeing is a continued profit taking, maybe up the cap spectrum into those prior high flye ....
Yes, you heard it right. That debate is ahead but first lets get a check on the markets, and its kind of the wild west out there. Lots of movers the s p seeing lots of good, also a lot of bad and downright ugly movements the good, for instance, viatris beat on earnings, the bad, tyson foods missing on top and bottom lines citing lower demand and look at Sage Therapeutics slashing the price target this comes after the news force the rejection for its major depressive Disorder Treatment and the dow is actually moving towards session highs right now i should say, up 422 points, ty. Wall street cant seem to agree on whether or not were heading into a recession firms saying strong or maybe reversing their calls from earlier in the year. Reversing them generally towards the more dovish scenario inflation data out later this week, a key focus for many as we look for any sips ....
Disney also in focus this ahead, of course, that will be an after the bell Earnings Report but the companys espn unit striking that deal with ten entertainment. We will keep an eye on eli lillys record run sparked by not just its diabetes drug but also that very encouraging study in terms of the broader impact of those weight loss reduction drugs. Also an upgrade this morning jeffries. Thank you start with disney and that espn Sports Betting deal sounds like this morning that you wonder why markets not making a bigger deal of it on the disney side. Yeah, because i think one aft things theres 55 Million People who play fantasy. What people usually do is they have their lineup, they put their team on the espn site, but then they go to draftkings to play daily fantasy and daily fantasy is huge in this country now, i think ....
Market cap coming off the best day since may of 2023. Ordinarily youd have folks say, you know what, i it kills me but im going to wait for a dip and buy this thing i dont care that its up this much, im buying anyway. You bought nvidia. I did as i mentioned an annoyance not owning it. Everybody owning it fomo. Fomo when the earnings hit i tried to buy it, the stock trade down 28 which sounds like a lot. As i quickly went through the release in expectation of the Conference Call and everything is going data centers because were very involved in data centers, you know what, im going to take dives. Its not a big position. Its a third the size of meta, which i continue to hold and havent sold any but they do have momentum in ai and the race for ai truly is going to be all were going to be doing forget about talking about it for the next number of years you feel they are undoubtedly secretariat at this point. I do for now. You have a ....
Market cap coming off the best day since may of 2023. Ordinarily youd have folks say, you know what, i it kills me but im going to wait for a dip and buy this thing i dont care that its up this much, im buying anyway. You bought nvidia. I did as i mentioned an annoyance not owning it. Everybody owning it fomo. Fomo when the earnings hit i tried to buy it, the stock trade down 28 which sounds like a lot. As i quickly went through the release in expectation of the Conference Call and everything is going data centers because were very involved in data centers, you know what, im going to take dives. Its not a big position. Its a third the size of meta, which i continue to hold and havent sold any but they do have momentum in ai and the race for ai truly is going to be all were going to be doing forget about talking about it for the next number of years you feel they are undoubtedly secretariat at this point. I do for now. You have a ....