The lead on one of its most complex phase and missions. Today, the outcomes arent international. I a, michael, quite sure what the latest updates now the ones is waging an open war against russia. Had the hands of the ukrainians, and thats according to the Russian Foreign Ministry Spokeswoman mario i bought the car over who was responding to a recent comments by britain and stopped implement. And then it came in on the new debit camera in an interview with reuters suddenly declared that ukraine has the right to strike as he put it on russian territory with british weapons. For the 1st time, a western politician so openly admitted something that has long been an open secret for all countries of the global majority. The west is wage and an open war against russia at the hands of ukrainians. Well, david cameron, an x, british Prime Minister, now the u. K is most senior diplomats and he had some more interesting things to say when it came to essentially escalating the conflict in ukraine a
When the Bottle Market is in charge he wont make much money in the stock market because bond owners are pessimist, real glass halfempty guys and the bond market is certainly in charge right now. Today we saw exactly how pessimistic they really are when they overlooked very Weak Consumer Confidence data and averted eyes from a chicago report 17 month low. Both signs that we are making progress in the fight against inflation. Instead, they focus on a slightly higher than expected employee wage figure. The results, bond yields moved up slightly and the stock market got annihilated. The dow tumbling 570 points. The s p punching 1. 57 and the nasdaq plummeting. April 2024 will go down as the worst month for the dow since september of 2022. Good riddance. Now, on the verge of a fed meeting tomorrow that will no doubt show that j powell wants to keep Interest Rates up higher for longer because the popular perception is the economy is weakening. Notice i put it that way. Popular perception bec
Weve been lagging in financials. They have been not really participating in this. We get any participation from that, scott, think about the momentum that could push into the marketplace. Obviously weve gotten through these earnings. Tech has a leader. They have been an absolute work horse in the market. And each and every day we seem to see it. Its not just the big fang names, its across the board all way into the Semi Conductor world, but technology itself is leading. We mentioned, joe, 2400 on the s p was a significant hurdle to get over. We closed above that and now were at 2412. The significance of that . How much momentum do you put behind that . Technical breakout, same thing that happened at 2300. Got above 2300, really never fell back again. I think youre witnessing that right here. I think whats adding fuel to it is the amount of pessimism and negativity that we had especially last week when the markets were down 300 plus that one day. There were many who went defensively. I
Awaiting janet yellen at 2 00. Plus, trump versus the house gop or not, two days until the inauguration and the president elect now suggesting that the border tax could be back. Trouble at target, Retail Stocks moving lower after target cuts its outlook on weak holiday sales. But stocks are looking to rebound one day after the dow and nasdaq each posted their lowest closes of the new year. Wall street digesting Bank Earnings today, citi beats on bottom line but misses on revenue, goldman exceeds consensus estimates. Stay tuned for exclusives with Goldman Lloyd blankfein and j. P. Morgan jamie dimon. Thats coming up later today on squawk on the street. Jim, you tweeted earlier today nothing is good enough mode on the fins. Yeah, look, these stocks ran a great deal and i thought the goldman quarter was exceptional. My travel strus owns this next one, if you adjust revenue for citi for international because they have a Huge International business, if you adjust for the dollar turns out th
It was really the trading view u that got goldman. Bank of america on fixed income, up 30 . Goldman sachs flat only up 1 . On the earnings call, new incoming cfo is first to deal with. He said there was particular focus on weak commodities where they have a higher exposure. In general, he said it was lower volumes, not because of specific positions. He said it was a volumes things and said no quarter particularly defines the franchise. This doesnt mean our franchise is broken, but a big outliar. On the other conclusion, i spoke to one investor and he cited the fact they dont have the big commercial bank to off set things and therefore, they werent getting the flow coming in from other areas. We did see that in terms of jpmorgan citi. Which is something to bear in mind. I thought it was interesting on the Conference Call from marty chavez say thag the vix when it comes to u. S. Dollar euro was low and the Oil Volatility was very low so it was a cc and the thick that really got Goldman S