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Transcripts For BLOOMBERG Whatd You Miss 20240713

The outperformance versus small caps. More than 1 on the day. You have the russell 2000 above its 100 day moving average. That 1600 level, very important. What really stands out, the russell 2000, at about levels seen this time last year during all that volatility. The rising rsi and bullish momentum is suggesting we could see the russell 2000 in the near term climb again to that 1600 level. Should that happen, we will see whether the resistance can be broken through. I am looking at the yield curve. The threemonth 10 year is steepening. It is positive for a fifth straight session. You can see how it folds into the banks. There is commentary that says profitability they can be profitable in a flat or inverted yield curve. It does not cause a recession because it discourages bank lending. Instead, Interest Rates versus the shape of the yield curve is what matters to lenders. We can see big gains from the big financials. Morgan stanley leading the gains of 1. 5 . Up ing revenue is going

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