Move higher, stocks surging with the dow gaining more than 250 points energy, consumer discretionary, industrials all leading the way, this as the yield on the 30year bond hit an alltime low so do you trust todays market rally . Guy adami . Hi, mel no, i definitely dont trust it but i will say this. As we get into the later part of this week, into a holiday weekend, theres an old saying steve knows this on the floor never short a dull market you could see the market flowing through over the next couple of days into early next week. I will say it again. I think it will culminate on the down side when the vix trades up to 30. With that said, there are Trading Opportunities here i will do a power pitch in back end of the show. I thought you were going to do it right now. That is going to speak to exactly that. Yes grasso theres another saying too, dont fight the fed. Never short a dull market, dont fight the fed. You have both coming up right now. Do they cancel each other out . No they m
Stock . Steve grasso i dont think so. Bespoke, paul hickey was on. He said a great thing about seasonality, the Second Quarter is a bit tough it gets better going into yearend i think if you are a netflix bull, this really hits you in the gut, but longer term i think you can stay long. Thats looking at the glass half full, isnt it . 2. 7 i mean 2. 7 million. It is a terrible number. Versus 5 million, the first drop in u. S. Paid subscribers ever. Thats the key. You could you could argue, you could argue that, okay, fine, wall street got ahead of itself and was expecting 5 million, they came in at 2. 7 million international, but it is the loss in the u. S. When you are facing competition and you have raised prices, that really calls the whole story into question. I dont think it is international. What i was upset with was in april theyre the ones that came out and gave us the 5 million number. Right. It should have come from their guidance, was completely wrong in april how do they not
For the highlyanticipated rate cut. Tech sold out. The nasdaq hitting a record high before reversing lower as big tech is under fire the white house is hosting a summit targeting social media giants can tech rally in the face of the major headwinds or is the group handcuffed so many options as to where to go guy, what do you say first of all, this is unbelievable actually no. It was years ago it is interesting that, you know, billy joel, great artist and you played potentially his worst song. I knew you would say that. Thank you. Up town girl. Excellent point. Terrible song. With that said, can you still buy tech here . I think theres still an inch you can buy. Facebook, if thats technology, will rally in energy i think on microsoft, thats fine lets look at micron real quick because i think it is where the battle line is being drawn that stock was at 32 on june 25th when they reported earnings, and the stock has rallied probably 30 since then you sort of break down the earnings guess w
Stranger to angelinos. Hes the anchor of abc seven Eyewitness News at four and 6 p. M. Hes produced multiple Award Winning documentaries, two of which have made their way into the smithsonian institution. We welcome to our stage. He served in the United States house of representatives from 2011 to 2023, representing. 16th congressional district. During his tenure, he served on the House Select Committee to investigate the january sixth attack on the United States capitol, as well as the House Committee on energy and commerce and the House Foreign Affairs committee. Gentlemen we welcome you to the stage. Hi, everybody. Yeah, great, great to see you. You can hear our mikes, right . Everybodys mikes. Okay. Can you can you hear his notes . One, two and two. Not hearing him. Try now. There you go. I did have it on and then i that off. Good, good, good. Well, first of all, thank you for for here. Thank you. Yes, im sitting with you because ive always wanted to meet you. And im not just blowi
Stranger to angelinos. Hes the anchor of abc seven Eyewitness News at four and 6 p. M. Hes produced multiple Award Winning documentaries, two of which have made their way into the smithsonian institution. We welcome to our stage. He served in the United States house of representatives from 2011 to 2023, representing. 16th congressional district. During his tenure, he served on the House Select Committee to investigate the january sixth attack on the United States capitol, as well as the House Committee on energy and commerce and the House Foreign Affairs committee. Gentlemen we welcome you to the stage. Hi, everybody. Yeah, great, great to see you. You can hear our mikes, right . Everybodys mikes. Okay. Can you can you hear his notes . One, two and two. Not hearing him. Try now. There you go. I did have it on and then i that off. Good, good, good. Well, first of all, thank you for for here. Thank you. Yes, im sitting with you because ive always wanted to meet you. And im not just blowi