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- RiskReversal Recap: April 1, 2024
RiskReversal Recap: April 1, 2024
Gold Hits New High
Today’s MRKT Call is Presented by CME Group
Gold Hits New High, Market Euphoria & Charting Mega Trends
Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Monday, April 1st
Timestamps:
Move In Yields (0:00); Apple Stock Analysis (13:50); S&P 500 Futures (24:00); What We’re Watching (32:00)
Click here to access all of the charts mentioned in today’s MRKT Call.
Guy’s CCJ chart
Dan’s SMH chart
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Today’s On The Tape is Presented by CME Group, iConnections and SoFi
What Gold's All-Time High Says About The Market
On this episode of “On The Tape,” Dan Nathan and Liz Young discuss what yields are saying about the stock market, the S&P 500’s strong start to the year despite Apple’s underperformance, positioning for the armageddon scenario, valuations, market euphoria, gold, and what to expect from the Jobs Report on Friday.
Topic Timecodes:
Intro (0:00); Yield Move (2:00); Mag7 Update (11:00); Doomsday Scenarios (14:48); AI Euphoria (24:41); Complacency (31:25); Gold Moves (37:15); Jobs Preview (41:35)
WHAT WE’RE READING
Treasury Yields Jump to Start Second Quarter (CNBC)
The Stock Market’s Magnificent Seven Is Now the Fab Four (WSJ)
Euphoria is Here/"When you Wake up in the Morning do you Care About the Price of Gold?" (Peter Boockvar)
China Industrial Upswing Is Latest Sign of Economic Recovery (Bloomberg)
Loop Capital Cuts AAPL Price Target to $170 Over Weak iPhone Demand (Apple Insider)
They Thought Ozempic Would Help Them Lose Weight. It Didn’t Work. (WSJ)