RiskReversal Recap: April 17, 2024

Semi Stocks Slide & What Higher for Longer Means for the Markets

Today’s MRKT Call is Presented by SoFi

What Higher for Longer Means for Stocks

Dan Nathan, Danny Moses and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, April 17th

Click here to access the charts mentioned in today’s MRKT Call.

Is the Semi trade on the precipice of a sharp decline? ASML reported disappointing Q1 sales, the stock is down 7%, while ARM is down 8% in sympathy. SMH is through its 50 mva moving average and the uptrend that has been in place since the late October lows, from which it has rallied nearly 60%. One big guide lower in the sector and watch out below as there is little support with the ETF 20% above its 200 day mva.

Semiconductor ETF (SMH)

ARM Holdings (ARM)

Advanced Micro Devices (AMD)

Nvidia (NVDA)

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Today’s Okay, Computer. is Presented by RBC and Current

What’s "Halvening" in AI, FinTech & Crypto?

Trevor Marshall, CTO of Current is kicking back with Dan for an update on all things AI, FinTech and crypto.

Topics on the pod today include; a vibe check on Generative AI, Investors Sitting Out the Latest AI Wave, can Apple turn the tide when it comes to AI, the Humane AI pin, a vibe check on Bitcoin after its weekend plunge, upcoming halving & Ethereum.

Topics Timecodes:

AI Stagnation (0:00); Apple Fumbling AI (18:30); Humane AI Pin (27:10); Bitcoin (32:15)

WHAT WE’RE READING

  • ASML Orders Miss Forecasts as Chip Makers Await Recovery in Demand (WSJ)

  • ASML earnings drag semiconductor stocks lower (CNBC)

  • Treasuries Rise After Selloff Fueled by Fed Bets (Bloomberg)

  • Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025 (CNBC)

  • J.B. Hunt Stock Is Down After Earnings Miss. It’s ‘Ominous’ for Transport. (Barron’s)

  • Americans Sick of 0.01% Yields Create New Dilemma on Wall Street (Bloomberg)

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