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)

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