RiskReversal Recap: May 16, 2024

Dow Hits 40,000 for the First Time Ever

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RiskReversal Media
May 16, 2024

Today’s MRKT Call is Presented by FactSet

New Highs, Now What?

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Thursday, May 16th.

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WHAT WE’RE READING

  • The Dow just hit 40,000. Here’s a look at how it got here (CNBC)

  • The Dow Is a Terrible Index. But It Is Telling Us Something Important. (WSJ)

  • Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’ (Bloomberg)

  • Stanley Druckenmiller built a big bullish position in small-cap stocks last quarter (CNBC)

  • America Is Still Headed for a Soft Landing (WSJ)

  • Walmart Sales Surge as Wealthier Shoppers Flock to Retailer (Bloomberg)

  • Cisco Rallies After Upbeat Forecast Shows Spending Recovery (Bloomberg)

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