BLOOMBERG Bloomberg Markets Balance Of Power July 12, 2024
With the some sort of spike in the virus, hopefully not. If that happens that would certainly affect the corporate profit outlook. We are looking at a move into the cyclicals. The Financial Sector being helped out by a steepening yield curve. One area of weakness around china because there is heightened china tensions, chips trading lower on the day. On the year, lots of room for the cyclicals to make up given the fact the s p 500 is down 6 . Etf down 18 . Leading the way still is the fangs, the stayathome trade. David a lot of us thought the markets would take a hit because of the horrible pr...