RiskReversal Recap: May 6, 2024

Markets Rebound to Key Level

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Today’s MRKT Call is Presented by CME Group

Markets Rebound to Key Level

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

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

Market Mis-Matcha with SoFi’s Liz Young

On this episode of “On The Tape,” Guy Adami and Liz Young Berkshire’s massive cash pile (2:00), bond market volatility (6:30), Fed cut expectations (9:45), the consumer (13:30), dollar/yen (21:45), customers trading down (28:00), China buying gold at record pace (33:00).

WHAT WE’RE READING

  • Relief rally is ‘questionable at best’ and stocks to finish year lower from here, says Piper Sandler (CNBC)

  • S&P 500 Keeps Momentum Going With Winning Run (Bloomberg)

  • China Is Buying Gold Like There’s No Tomorrow (NY Times)

  • Treasury Rally Risks Running Into a $125 Billion Brick Wall (Bloomberg)

  • Tech stocks like Apple are table-pounding buys following earnings, Morgan Stanley says (CNBC)

  • Warren Buffett: AI is a genie that "scares the hell out of me" (Axios)

  • Consumers Fed Up With Food Costs Are Ditching Big Brands (WSJ)

  • Disney reports earnings before the bell Tuesday. Here’s what Wall Street is watching (CNBC)

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