RiskReversal Recap: January 8, 2024

Bank Earnings, Bullish Nvidia Trade, Small Caps & Crude Oil

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RiskReversal Media
January 08, 2024

MARKET SNAPSHOT

Today’s MRKT Call is Presented by Factset

Carter Charts JPMorgan + Dan's Nvidia Call

On the latest episode of MRKT Call, Dan Nathan, Guy Adami and Carter Worth discuss the rotation happening in the stock market, Dan’s bullish Nvidia trade, and preview what to expect from bank earnings later this week.

Topic Timecodes:
Market Rotation (0:00); S&P 500 + Yields (3:45); Crude Oil & Energy (8:00); Nvidia (13:00); JPMorgan (21:15); American Express/Capital One downgrades (29:20); and Boeing (33:00)

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

Small Caps Hold the Key and a Conversation with Astera Capital’s Kenny Chung

Dan Nathan and Liz Young discuss stock market volatility, jobs, the energy sector, and big banks kicking off earnings season. Later, Dan and Guy Adami sit down with Kenny Chung of Astera Capital Partners for a conversation about China’s credit market.

Topic Timecodes:
Stock market volatility to start the year (3:00); Broadening of the market rally/Small Caps (6:20); The December Jobs Report (11:45); Political uncertainty/2024 election year (14:45); Crude oil (19:25); Energy stocks (23:45); Earnings kicking off with big banks (27:00); Kenny Chung’s background (35:00); The China credit bubble (38:40); China’s economy & stock market (42:00); Opportunities in Asia (48:15); Volatility in yields (50:45); China-Taiwan tensions (53:45); Conflict with consumer products (55:30)

WHAT WE’RE READING

  • Refilling the U.S. strategic petroleum reserve puts a soft floor under prices (Barron’s)

  • U.S. crude oil falls more than 4% as Saudi price cut heightens global demand worries (CNBC)

  • Maersk, Hapag-Lloyd deny safe passage accord with Houthis (Bloomberg)

  • Boeing shares tumble after panel blows out mid-flight, FAA grounds dozens of 737 Maxes (CNBC)

  • Big tech leads US stock rebound (Bloomberg)

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