RiskReversal Recap: February 6, 2024

The Most Important Chart, Troubling Divergence in the Stock Market

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RiskReversal Media
February 06, 2024

Today’s MRKT Call is Presented by CME Group

The Most Important Chart In The Stock Market

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

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

what we’re watching

Topic Timecodes:
Market Breadth Stinks (0:00); Macro Levels (13:20); Yields (21:30); Crude Oil (31:35); Gold/Dollar (36:00); Amgen (38:30); Chipotle (43:00)

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This bonus video is Presented by iConnections

Lessons In Due Diligence with Reddit Co-Founder Alexis Alexis Ohanian + FirstMark's Rick Heitzmann

We're brining you Dan’s panel from iConnections Global Alts with Alexis Ohanian and Rick Heitzmann of FirstMark Capital. ​​

Witness how Alexis Ohanian's journey from founding Reddit to starting Seven Seven Six during the tumultuous year of 2020 has shaped his approach to tech-driven venture capital, focusing on creating deep connections with founders and CEOs. Rick Heitzmann shares insights on forming long-term partnerships with founders, enduring through both triumphs and tribulations, and the importance of due diligence in today's fast-paced investment landscape.

WHAT WE’RE READING

  • Less Than 60% of Stocks in the S&P 500 are Trading Above Their 50-Day Moving Average (Bespoke)

  • The Stock Market Just Did Something for the First Time Since 1987 - and it's a Sign the Rally is Unsustainable, Top Economist David Rosenberg says (Business Insider)

  • Bond Traders Gear Up for $42 Billion 10-Year Sale (Bloomberg)

  • Credit Card Delinquencies Surged in 2023, Indicating ‘Financial Stress,’ New York Fed says (CNBC)

  • Tech Layoffs Just Keep Coming as Sector Resets for AI (WSJ)

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