First of all, that a. I. Fueled boom, dell shares surging. Nasdaq coming off its First Closing high in more than two years. And ray dalio down plays talk of a tech bubble. Plus new York Community bank corp. Is warning of Material Weakness in its accounting, and its dragging down a number of other Regional Banks. That bank stock is also down sharply. Suboptimal situation. And in the land of lawsuits, elon musk, suing openai, accusing it of putting profit before humanity. Didnt you ask him about this . I did. I did. And well cover that. But first, lets get to the markets. Obviously, a new month. Happy march. Yes. February, obviously, we had a nice run of things. Jeff marks, my partner for the investing club, happy birthday. Happy birthday. Not mine this time. What do you want to talk about as we look ahead to the month of march . Whats in your mind . I want to obviously get to the dell earnings in a minute, but just give me your overall take on where we are and where were headed. Sure. I
Dow which last 313 points, s p down 26, nasdaq clipped by 85 points. Stocks were lower this afternoon. And stumbled further on the release of the minutes of the april 30th meeting. Did not help to see participants mentioned recent data did not increase confidence and progress towards the 2 inflation goal and some noted, this dumped the markets here, to tighten policy, should risks to the Economic Outlook to materialize and make such action appropriate. A rearview look, markets headlights are about to beam brightly. The Quarterly Report after the bell, and the chip behemoth, they are down 15 points or 1. 5 . At 5. 59 a share, 412 jump on revenues of 24. 6 billion, that would be 240 increase, talk about pressure, jensen wong in the picture, and north of 26 billion in sales. The Options Market expects substantial stock move after the release and who knows how or whether it would spillover to the chip sector and the entire tech sector. The s p and 500, and staggering after reporting earnin
Of innovation. We hear from the microsoft ceo as their conference builds off. Actress Scarlett Johansson back against openai in the eerily similar voice. All of that and so much more ahead. We want to keep the record highs going. The nasdaq turns flats. Pushing forward to whats happening in crypto. We will get back to the major benchmarks in a moment but crypto has been a key story. All i shifting from what we saw was a spot bitcoin etf to potentially a spot eth etf. The nasdaq trading into positive territory. We are at a new record high for the s p. Not so for the stoxx 600 but all eyes focused on fed talk. Raphael bostic still trying to analyze the data. We are seeing whats happening with the 10 year yield. May be a bit of buying into the bond market right now as we push forward to whats happening in earnings. Lets have a look at some of the individual movers. Palo Alto Networks coming off its lows. Cybersecurity company posting revenue that is 11 15 growth on a year on year basis, t
Sold the qs which i find interesting. And last week you said that you are longer now than i you can remember so why did you trim alphabet i add significantly to alphabet in the 130s when all the genesis and noise came out and i thought it was a Short Term Impact and there was no there there. So i took the opportunity to really super ssize the position and now cutting it back to normal size. It is still one of high larger positions. But i dont think that it was prudent. So really risk manager and in terms of the qs, im short the qs as a heenlg because i have no idea what the Inflation Numbers will be. So i sold the position i had after eight days of market straight up, i would have sold them anyway. Because they are always a trade. They are just to express a near term view. So my near term view is just risk management. I have so much beta in the portfolio through the big names that i thought it was prudent to put a little hedge on it im thinking like you look at meta month to date, up 8
Cnbc about inflation and the euro beat. It started in europe and then the United States. We like to see the European Central bank to take action on Interest Rates earlier. Automakers hit the brakes after profit figures shift down a gear at stillantis. And raising a grlass amid better than expected quarter. It is a tough Consumer Sentiment out there with european businesses or asian business withes. No doubt the consumer we are not seeing the same consumption as a couple of years ago. Despite that, we are pleased with the way we started the year. Good morning. Welcome to street signs. We begin with german flash gdp numbers. These are seasonally adjusted figures. These are coming in right now at negative. 2 . That was in line with the forecast and month over month number. We are looking at quarter over quarter numbers coming in hotter than expected at. 2 . The forecast was. 1 . This is a rebound from the prior read and quarter over quarter read. Coming in line with the forecast at negati