What Guy is Watching:

IBM has been on a bit of a run, currently challenging the prior all-time high made in the spring of 2012. I’m watching to see if we break out here.

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

Something Changed in the Stock Market with Cameron Dawson of NewEdge

On this episode of “On The Tape,” Dan Nathan and Danny Moses sit down with Cameron Dawson, Chief Investment Officer at NewEdge Wealth, for a vibe check on the stock market (4:00), the most important chart Cameron is watching right now (8:00), earnings expectations (11:00), what a Fed rate cut means (14:30), whether something has changed in the market (18:00), the sell-off in semiconductor stocks (22:15), industrial stocks (32:15), homebuilders (34:00), bank stocks (37:30), commodities (44:45), sports gambling stocks (47:45), and earnings season heating up (51:00)

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WHAT WE’RE READING

• ‘Mag Seven’ Get Crushed Before Next Week’s Results (Bloomberg)

• Nasdaq falls 2% in sixth straight losing day as Nvidia and Netflix slide (CNBC)

• Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month (CNBC)

• Netflix Joins Apple, Meta in Withholding Key Data From Investors (Bloomberg)

• Bitcoin Risks Another ‘Sell-the-News’ Market Move After Halving (Bloomberg)

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