MRKT MATRIX: August 6, 2024

Today’s Top Stories:

•  Dow rallies 500 points as Wall Street rebound gains steam (CNBC)

•  Atlanta Fed Lifts US Q3 GDP Growth Estimate To 2.9% (Markets Insider)

• This Doesn’t Look Like Recession. Here’s How One Could Happen (WSJ)

• JPMorgan Says Carry Trade Unraveling Is Only Half Complete (Bloomberg)

• Market correction has more room to run, says Goldman Sachs (CNBC)

• Solomon Says Fed Will Forgo Emergency Cut Despite Weak Jobs Data (Bloomberg)

• As Regulators Close In, Nvidia Scrambles for a Response (NYT)

• How the Google Antitrust Ruling May Influence Tech Competition (NYT)

• Could Antitrust Ruling Against Google Bring Breakup of the Company? (Bloomberg)

• Disney Raises Prices of Most Streaming Plans (WSJ)

Today’s MRKT Call is Presented by SoFi

Dead Cat Bounce For Markets?

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, August 6th.

JPM on the Yen Carry Trade: https://www.bloomberg.com/news/articl...

Timecodes

• 0:00 - Dead Cat Bounce?

• 14:00 - Yields & Rate Cuts

• 18:00 - Crude

• 23:30 - Gold & Copper

• 27:00 - AI Unwind

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