For equities you got stocks trading heavy bank of america says Fund Managers are overweight. Tech the most since 2021. Is there even cash left to buy any dip here from new york, im alex deal with my cohost in london, guy johnson. Welcome to bloomberg markets. Not as intense as it was a few hours ago, but were definitely seeing a strong up risk off kind of move within the market. Diy and holding up those are two things you never want to hear in the same sentence because it really does. To be honest, im just talking about from personal experience. The consumer thing i think is fascinating. Look at what is happening. You got strong wage data out of the uk, youve got marks and spencer, a stalwart of the british high street, coming out and announcing really strong results on your side of the pond. Home depot back to the to the diy thing. The numbers look good. Yeah. Structurally, i think theres a long term positive story, but what but a couple of things. I mean, one, gasoline prices are qui
Read tomorrow. Not so invisible. The chip giant notching its biggest stock reversal in nearly seven years and the biggest single day percentage decline since last may, plus targeting tiktok. Theres a bill thats moving through Congress Pretty quickly that could ban the social media platform in the United States. President biden says if, in fact, it passes congress, hell sign it. Lets begin with what will be a very busy week for the markets that ended friday with a losing week for the s p. We havent done that for a few times, but it didnt stop your former employer. That is true. Berens. I think the nature of the decline, you mentioned the reversal in nvidia and we had an almost made to order jobs number and the market didnt exactly shrug, but it wasnt able to capitalize on it. It highlights a couple of the things people have been suggesting would be a test for the market, which is its become a bit overreliant on pure momentum on certain segments meaning the types of stocks that are doing
It is announcing that it sold the last 70 million shares that it announced a couple of weeks ago. Finally with all said and done would recoup about 431 billion of the 421. That is about a 10 billion dollar gain on all other things out there. So i guess bringing history to an end here where treasury will leave or exit the General Motors once the biggest auto maker in america. Certainly one of the biggest. Certainly profitable as they point out, talking about 340,000 new auto jobs created for gm. Thank you, steve. Be careful. The stock that is not much of an overhang. A lot of people knew this. Going for the job saying this is happening. Those are taking it. You wont see it last a day unless the futures go up. Gm doing better in europe and china. It is a good story. Ford not going up since the the stock shouldnt be up at all. Along with that a lot of retail numbers. Shares of target are down sharply. Discount retailer posting results below estimates siting delusion relating to the canadi
Three billionaire money managers sold down their positions in Nvidia during the first quarter, while buying shares of two other artificial intelligence stocks.
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