RiskReversal Recap: January 19, 2024

S&P Hits New All-Time High; Top Strategist Says Market Rally to Continue in 2024

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

Top Strategist Expects Stock Rally to Continue in 2024

Guy Adami and Dan Nathan are joined by Anastasia Amoroso, Chief Market Strategist at iCapital, for her 2024 stock market outlook (1:15). Later, Guy and Danny Moses go deep on macro headwinds, earnings, and sports betting stocks (35:40).

Next Week’s Notable Earnings Reports

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WHAT WE’RE READING

  • JPMorgan is Still Doubting the Bull with Lowest S&P 500 Target (CNBC)

  • Tech Stocks Are Red Hot. Time to Sell? (Barron’s)

  • Home Sales Were the Lowest in Almost 30 Years in 2023 (WSJ)

  • Improved Inflation Views Lift US Sentiment to Highest Since 2021 (Bloomberg)

  • Traders Bring Back 20-Year Old Options Playbook to Cash In on Higher Rate (Bloomberg)

  • Ford Cuts Workforce Making Electric F-150s on Weak Demand (Bloomberg)

  • BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners wins praise in analyst upgrade (MarketWatch)

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