Tell those guys, there may people. Before we get to the markets take a look at yellow truck down about 25 . It has been gyrated wildly since last week on news that it would file for bankruptcy and today that happened, the stock is at 2. 67 but it morphed into a mean stock that Retail Investors are playing very heavily. This month alone is pop 55 with jawdropping selloffs and quarter to date it has soared 283 , Charlie Gasparino is looking at the funds he is back he has some news on who needs to stand to lose and when. Even if you dont own the stock. Lets get to the market after the worst week of march, the flipping the script and given the role of protagonist to the bulls at this hour as we kick off the final 59 minutes of trade, Dow Jones Industrial of 405 points. The dow lost 393 points total last week driven by the fitch downgrade of the credit worthiness from aaa to aa plus. Along with investors with the Quarterly Report those losses and raced we are up we are not down like we were
Nvidia. We will hone in on them to get a preview of what we can expect from their earnings later in the week. The grayscale ceo, leaving the company after three years at the helm. That and so much more. A quick check on the macro as we see record high after record high across the benchmark, the nasdaq, the s p 500, the dow, all powering higher on the fact that you are still seeing perhaps that geopolitical risk, of course, with a fatal crash happening in iran, not enough to take away the overall focus that is the macro policy of a Federal Reserve that can potentially cut rates into the second half of the year. Thats what the market wants to see coming off of the bond market yields going up one or two basis points with quietness as we have a lot of fed speak to digest. Copper at a record high, medical metal, gold, copper, a conundrum when it comes to the Federal Reserve, but record highs in the commodity space. In the world of crypto there is a risk on set filtering into crypto. 66,900
The crypto market continues to avoid gaining momentum on the upside but remains within an uptrend: the bulls fail to accelerate price gains, but the overall upward trend remains. ‘Extreme Greed’ persists in the markets, with the corresponding index at 79. In contrast, the sentiment in the stock markets is almost ‘Neutral’.
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