MRKT Call

MRKT Matrix - Thursday, September 12th Dow closes 200 points higher, S&P 500 posts four-day win streak as tech giants rally (CNBC) The Fed’s Rate-Cut Dilemma: Start Big or Small? (WSJ) Fed interest-rate cuts could spell more weakness for the dollar, Pimco says (MarketWatch) Interest payments on the national debt top $1 trillion as deficit swells (CNBC) Micron Will Underperform AI Peers, Analyst Sa...

MRKT Matrix - Wednesday, September 11th Nasdaq climbs more than 1.5% as Wall Street bounces back from inflation report sell-off (CNBC) Nvidia Stock Pops 7% As CEO Huang Touts Demand For Chips (Forbes) Here’s the inflation breakdown for August 2024 — in one chart (CNBC) A Recession Signal Is Flashing Red. Or Is It? (WSJ) Rate Cuts Won’t Quickly Ease Strain on Consumers (Bloomberg) Mortgage rates hi...

MRKT Matrix - Tuesday, September 10th S&P 500 strives for second winning day in tumultuous September (CNBC) JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses (CNBC) Ally Drops After CFO Flags Consumer Stress, Underperformance (Bloomberg) Oracle’s Missteps in Cloud Computing Are Paying Dividends in AI (WSJ) TSMC’s August Revenue Climbs 33% as AI Chip Demand H...

MRKT Matrix - Monday, September 9th Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024 (CNBC) Here’s everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more (CNBC) Utilities are now hottest trade of 2024, and Bank of America says keep buying instead of tech (CNBC) Nvidia’s Dominance Could Be Ending, Citi Says. The Stock...

MRKT Matrix - Friday, September 6th S&P 500 falls 1% Friday, heads for worst week in a year on tech selling, weak jobs report (CNBC) Hiring Softened This Summer, Teeing Up Fed Rate Cuts (WSJ) Summers Says Jobs Weakness Makes It Closer Call on Fed Going 50 (Bloomberg) Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut (Bloomberg) Yellen Says Jobs Report Confirms Labor Market ‘Quite Heal...

MRKT Matrix - Thursday, September 5th Dow falls as growth fears simmer ahead of major jobs report (CNBC) Trading the big jobs report: How JPMorgan sees stocks reacting to these scenarios (CNBC) Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report (Bloomberg) Why oil's getting cheaper (Axios) JPMorgan Abandons Recommendation to Buy China Stocks Ahead of US Election (Bloomberg) Bank of Am...

MRKT Matrix - Wednesday, September 4th Stocks waver as Wall Street tries to recover from big Tuesday sell-off (CNBC) US Yield Curve Disinverts as Soft Labor Data Fuels Fed Cut Bets (Bloomberg) Goldman’s Rubner Sees Potential Correction If Jobs Data Is Weak (Bloomberg) At Dollar Tree, Even Middle-Income Consumers Are Pulling Back (WSJ) Verizon Is in Talks to Buy Frontier Communications (Bloomberg)...

MRKT Matrix - Tuesday, September 3rd Dow slides 600 points, Nasdaq loses 3% as selling to start September intensifies (CNBC) Americans Are Really, Really Bullish on Stocks (WSJ) Will Gold’s Tailwinds Be Enough to Overcome September Curse? (Bloomberg) Firms Pile Into Bond Market in Busiest Day on Record (Bloomberg) T. Rowe Manager Who Predicted Yen Shock Sees Another Coming (Bloomberg) Forecasters...

MRKT Matrix - Friday, August 30th S&P 500 rises, aims for fourth-straight winning month (CNBC) S&P 500’s Win Streak to Face ‘Bad September’ Test (Bloomberg) The Fed’s favorite inflation indicator increased 0.2% in July, as expected (CNBC) US Consumer Sentiment Rises for First Time in Five Months (Bloomberg) Goldman Sachs to Lay Off Over 1,300 Workers (WSJ) Intel working with bankers to present boa...

MRKT Matrix - Thursday, August 29th Dow rises 200 points for fresh record close, Nasdaq falls as Nvidia shares tumble (CNBC) ‘Nvidia Day’ Inspires Watch Parties and Memes, but the Fanfare Doesn’t Last (WSJ) The AI Chip Behind Nvidia’s Supersonic Stock Rally (Bloomberg) Nvidia Has Held Discussions About Joining OpenAI’s Funding Round (Bloomberg) Affirm shares surge 34% and head for best day in thre...

MRKT Matrix - Wednesday, August 28th Nvidia earnings are out — here are the numbers (CNBC) Salesforce beats earnings estimates, president and CFO Amy Weaver to step down (CNBC) S&P 500, Nasdaq close lower Wednesday, Nvidia tumbles before earnings (CNBC) Super Micro Computer Selloff Deepens on Delayed 10-K Filing (WSJ) Shares of Abercrombie & Fitch plunge 15% after CEO warns of ‘increasingly uncert...

MRKT Matrix - Tuesday, August 27th S&P 500 ticks higher as Nvidia rises ahead of earnings (CNBC) Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report (CNBC) As all eyes focus on Nvidia’s earnings, its main supplier is set to cash in if results are strong (CNBC) Super Micro Slips as Hindenburg Takes Aim With Short Report (Bloomberg) Intel board member quit a...

MRKT Matrix - Monday, August 26th Dow touches new record then struggles, S&P pulled down by tech (CNBC) Goldman’s Rubner Sees S&P 500 New High This Week, Spurring FOMO (Bloomberg) Fed’s Preferred Price Gauge Is Set to Reinforce Rate Cuts (Bloomberg) Nvidia Stock Price Levels to Watch as Earnings Report Looms (Investopedia) Apple’s iPhone 16 launch event is set for September (The Verge) Apple Explo...

MRKT Matrix - Friday, August 23rd Stocks rise after Powell signals Fed rate cuts ahead (CNBC) Key Takeaways From Fed Chair Powell’s Jackson Hole Speech (Bloomberg) Why inflation receded without a recession (Axios) Retailers Are Sending Mixed Messages About the Economy. What’s the Deal? (Barron’s) Nvidia Earnings Are Coming. Big Tech Needs Them to Be Good. (Barron’s) Why Ford believes its $1.9 bill...

MRKT Matrix - Thursday, August 22nd Stocks slide as traders brace for big Powell speech, Treasury yields rise (CNBC) Fed’s reliance on monthly data might end up hurting stocks, Tom Lee says (CNBC) Quantitative Tightening Goes Global for the First Time, in Test for Markets (Bloomberg) How Taylor Swift Fans Broke Economics (WSJ) US Shippers Brace for Port Strain as Canada Railways Shut Down (Bloombe...

MRKT Matrix - Wednesday, August 21st S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut (CNBC) Target shares spike as profits rise, despite cautious sales outlook (CNBC) TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter (CNBC) Macy’s cuts sales forecast as department stores struggle to draw shoppers (CNBC) JD.com Stoc...

MRKT Matrix - Tuesday, August 20th S&P 500 tracks for first losing day in 9 as comeback rally takes a breather (CNBC) Lilly’s Zepbound Cut Risk of Diabetes by 94% in Obese People (Bloomberg) Lowe’s cuts full-year outlook as it expects weaker home improvement sales (CNBC) Boeing pauses tests of 777X aircraft after finding damage to one of the jets’ structures (CNBC) Elon Musk’s Twitter Takeover Is...

MRKT Matrix - Monday, August 19th S&P 500 and Nasdaq rise for 8th straight session as recovery rally continues (CNBC) Traders Need Fed’s Rate-Cut Signal to Keep Stocks Rallying (Bloomberg) Nvidia earnings — not Powell’s speech — will be the big catalyst to end summer, Bank of America says (CNBC) Goldman says buy Nvidia with conviction, earnings to top Street next week (CNBC) AMD Buys AI Equipment...

MRKT Matrix - Friday, August 16th Stocks rise as market comeback lifts S&P 500 to best week of 2024 (CNBC) JPMorgan calls recent sell-off a ‘dress rehearsal’ for what’s to come (CNBC) Goldman says keep betting on a ‘soft landing,’ don’t fall for recession or inflation fears (CNBC) Markets Are Way Out of Line With Reality, According to These Measures (WSJ) Citigroup Calls Time on Popular ‘Trump Tra...

MRKT Matrix - Thursday, August 15th Consumer spending jumped in July as retail sales were up 1%, much better than expected (CNBC) Walmart beats estimates, raises outlook as it sees stable consumer health (CNBC) Kroger Plans $1B in Price Cuts After Albertson Deal (Bloomberg) Wall Street volatility is breaking records and there are likely to be aftershocks, says UBS (CNBC) Investors Timing the Marke...

MRKT Matrix - Wednesday, August 14th S&P 500 closes higher for fifth straight day as easing inflation bolsters rate cut hopes (CNBC) 1 big thing: Inflation can take the back seat (Axios) Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year (CNBC) The Big Risk for the Market: Becoming an AI Echo Chamber (WSJ) Hon Hai Shipments of Next-Gen Nvidia Chips to Be...

MRKT Matrix - Tuesday, August 13th Stocks rally as tame inflation data fuels market comeback (CNBC) Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol (CNBC) Home Depot expects sales to weaken as consumers grow more cautious (CNBC) Goldman, JPMorgan Say Markets Pricing in Higher Recession Odds (Bloomberg) Morgan Stanley’s Wilson Sees Few Signs of Bear Market in Stocks (Bloombe...

MRKT Matrix - Monday, August 12th Stocks wobble as traders struggle to build on last week’s comeback (CNBC) Bear market is coming in 2025, warns David Roche, but the Fed will step in before it turns ‘draconian’ (CNBC) Fed’s Bowman Sees Upside Inflation Risk, Signals Caution on Cuts (Bloomberg) Three-year inflation outlook hits record low in New York Fed consumer survey (CNBC) 5 Big Takeaways From...

MRKT Matrix - Friday, August 9th Stocks close higher, clawing back much of the week’s losses in major recovery from Monday’s sell-off (CNBC) S&P 500 Earnings Season Update: August 9, 2024 (FactSet) Has the U.S. Economy Reached a Tipping Point? (WSJ) Volatility Pros Say Record VIX Surge on Monday Was a Head Fake (Bloomberg) Summers Calls for SEC, Exchanges to Probe Monday’s VIX Surge (Bloomberg) Bu...

MRKT Matrix - Thursday, August 8th S&P 500 notches its best day since 2022 as Wall Street claws its way back from Monday’s rout (CNBC) Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market (CNBC) Eli Lilly’s second quarter eases Zepbound pricing fears and suggests it’s making headway in weight loss race (CNBC) JPMorgan raises odds of US recession by year en...