Hotter. Retail sales lighter. Jobless claims lighter, too. You have yields moving up. Take a look at the ten year, was 4. 26. Nvidia is lower. Tesla is lower again down 5 this week. The worst s p stock year to date. So were watching all of that. The point being, as i turn to josh brown, you say its not the place to look anyway, if youre thinking about where this next leg of the rally will come from, if you do believe one is in the offing, you say it will come from the small caps and thats where you are zeroed in for us today. Small caps and value and cyclical. Really, anything but tech is the beneficiary. Theyre going to keep using the companies atm witness, not because theres anything wrong fundamentally with the stories amongst the Largest Technology companies, but because theyve all been overbought for a very long time, people have chased, and there are other places to be, and, you know, professionals who have been in the market for a long time, they understand the need to have othe
Weve got United Health, bank of america, Morgan Stanley, Johnson Johnson also beating on the bottom line, although different reactions in the markets. Sara eisen sits down to ecb president , Christine Lagarde discussing inflation, Interest Rates and where the central bank is diverging from the fed when it comes to rate policy. Stocks look to rebound again, similar picture in terms of the premarket yesterday. We know how beholding the market is to some of these headlines. For sure. The yields are basically still pushing higher at a pretty moderate pace, but in service of the pain threshold for stocks and the economy, this has been a similar backdrop to what we had late last year except with the economy in more secure footing it seems. We basically unwound this idea, you can have the eem mat lack disinflation, talking about the economy almost in overheat mode. What have we done or accomplished in the markets so far in april . That long streak of no 2 dips in the s p, thats over. One of t
Market cap added and it is now bigger than j j and creeping up on anal . Well, it is, and the problem that it has has and the problem i have, is that i have voting shares for a whole host of compliance reasons, but what keeps it out of peoples portfolio is that fact alone. Well, doc, is it going to be in everybodys portfolio . I think it should well, where apple was, facebook is there now. Well, im a trader and not investor. And for the Wealth Management clients, knock on the wood that we were loaded up on the facebook, and call spreads and naked stock, and it worked out well, and pete made a great call yesterday on the show about it. As far as me and a trade, once it gets up to the level of 1119, i think that you let it rest a little bit and it does not mean that it is not going to go to 125 and work higher from there, but i think that after this serious afterhours pop which has held now so far today, but basically not extended past, i think that you would get a couple of days or the
Siemens. Answers. Welcome back to squawk. We want to thank or guest hosts for being here on this postsuper bowl wrapup day. Steve liesman, well see you tomorrow. Join us tomorrow. Squawk on the street starts right now. Good morning. Welcome to squawk on the street. Im carl quintanilla, with melissa lee, jim cramer. David faber is off. Signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. It comes after the dow did top 14,000 on friday for the first time in more than five years. Look at europe, thats where the storys going to be for most of the morning before we close at 11 30 eastern time. Germany taking it down 1,100 points as well. Asia got action as well as china. Nonmanufacturing came in better than expected. Clearly the story is going to be in europe for most of the morning. Weve certainly seen a flight to safety take place this morning, as weve seen the bond yields, particularly the spanish 1