MRKT MATRIX: November 11, 2024

Today’s Top Stories:

• Dow jumps 300 points to close above 44,000 for the first time as Trump enthusiasm continues (CNBC)

• Wall Street growing worried the stock market’s Trump rally is getting ahead of itself (CNBC)

• Bitcoin Soars Above $82,000 as Trump Win Boosts Crypto Prospects (Bloomberg)

• Tesla shares pop 6% as postelection rally continues (CNBC)

• ETF world buzzing about new cash flooding into funds seen winning from Trump trades (CNBC)

• TSMC Stock Falls After Report Says U.S. Ordered It to Halt AI Chip Shipments to China (Barron’s)

• Piper Sandler names Nvidia a top pick, sees shares rising nearly 20% after blockbuster year (CNBC)

• Highest Forward 12-Month P/E Ratio For the S&P 500 in More Than 3 Years (FactSet)

• A New Streaming Customer Emerges: The Subscription Pauser (WSJ)

• Does Warren Buffett Know Something That We Don’t? (WSJ)

• China Nears Record $1 Trillion Trade Surplus as Trump Returns (Bloomberg)

Today’s MRKT Call is Presented by CME Group

Are Stocks Too Hot? - S&P 500 Hits Crucial Levels

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Monday, November 11th.

Timecodes

• 0:00 - SPX & NDX Levels

• 14:00 - Dollar, Gold & Bitcoin

• 18:00 - Crude Oil

• 19:45 - Big Tech Rotation

• 24:30 - Home Depot

• 26:15 - Audience Q&A

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Today’s On The Tape is Presented by CME Group, iConnections and SoFi

Small Cap Stocks Rip - How to Profit

Guy Adami, Elizabeth Young Thomas of SoFi, and Danny Moses discuss the implications of China's near-record $1 trillion trade surplus, potential trade tariffs, and the cyber attack known as Salt Typhoon. They delve into the repercussions of China's economic maneuvers like currency devaluation and their significant gold purchases. The conversation transitions to talk of U.S. economic indicators, specifically inflation and interest rates, with insights into the Fed's actions. They also touch on topics including crypto, small cap stocks, the performance of regional banks, Warren Buffett's cash holdings at Berkshire Hathaway, and Elon Musk's strategic moves. The episode wraps up with a look at upcoming Fed speeches and their potential impact on the market.

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