Your equity market right now, totally unchanged on the s p 500. If youre worried about the dates are, do not report it. If youre worried about the market, then sell a depreciate latest news out of china, we have seen these headlines before. Chinese authorities ask you Investment Funds to avoid being net seller of equities. If you do not trade to come if you did not report it, then it is not happen and the answer is at least around the world, especially given the data they have been reporting consistently has been worse than expected so then i guess, in absence of it, people think it is gotten better. Jonathan expectations on wall street around growth on china has changed. Jp morgan had a forecast growth of gdp a 6. 4 this year. This been cut to 4. 8 percent, four handle for a six handle in a number of months. Lisa there are signs peoples bank of china are starting to respond but it is not clear what they can do to generate confidence. I want to go back to the idea that they are not rep
The defense, in one way or another in this federal case, and the other today, saying not so fast. Today, the special counsel, asked for a january 2nd trial date in the election subversion case, which had said partake as little as four weeks. The former president , who is expected to challenge that, took the first step tonight in his social network. Quoting now, but leaving out some of the personal tax on smith and president biden. Quote, only an Out Of Touch Lunatic would ask for such a date. One day, into the new year, and maximum election interference with iowa. Now whatever you make of that, in particular the, the proposed date is yet another entry on what is already a very crowded calendar. Take a look. Surrounding that date are the trump organizations Civil Fraud Trial this october, the e. Jean carroll defamation trial january 15th. That is the same day of the iowa caucuses. Super tuesday, march 5th, is just ten days before march 15th, manhattan hush money trial. In the maralago d
4. 2 it has pulled back off that, a little bit, as you see there the nasdaq down for twostraight weeks. This takes us to the talk of the tape whether it has room to go. Chip investors stepping up and buying today, after the call on nv nvidia kristina is following that today. Its been a nice bounce. 6 , nice bounce the narrative is buy now thats what Morgan Stanley and bank of america is saying about nvidia shares. Theyre calling that an entry point for many, especially with earnings on next week. Nvidia is only serving half of the demand in the a. I. Market. Thats enough to rodrive revenu. They think q2 of 11 billion, which is 50 higher than what analysts is anticipating, is conservative nvidia should blow past its number that call is why youre seeing the stock up 6 . Not everything is perfect. That could cast off nearterm upside secondly, ali baba, and others are trying to rush the chip over fears that the Biden Administration will impose more export restrictions. Overall, you need to
Well discuss that story in just a moment kelly . But, first, lets get a check on the markets and the etf has been focused as the smh has its worst week of the year the smh hit a new 52woke high barely a month ago, and its down 5 this week. Marvel, micron and and mv the laggards some talk on the street around archer aviation, down 3 after soaring as much as 23 after settling a lawsuit with boeing over autonomous flying dispute its actually down 6 now, a volatile response. The quantum computing hardware foam up about 12 , reporting a larger than expected loss but raising its guidance. We begin with a slew of big deals, tapestry acquiring capri for nearly 9 billion, espn striking a 2 billion deal with penn gaming and campbells buying sovos for a little over 2 billion thats a lot of sauce. Dealmaking seemingly hot again and the same could be said for the ipo market according to the wall street journal the nasdaq and nyse are battling it out for prime listings dan, let me begin with you our
Sharply. Have buyers reached their limit on how much theyre willing to pay for a home but we begin with the market john, bottom line, were just off the lows for the day, down about 0. 9 for the s p and Dow Jones Industrial average weve been down 9 out of 11 days on the s p 500 if we close lower today. So that is very noticeable the dow industrials, being held up largely by defensive names. Some of the other sectors like banks and energy are on the weak side the nasdaq down there, 0. 8 . Were down about 5 off of the recent 52week highs of the nasdaq when you get more than 5 , the technicians start noticing tech has been an underperformer. The dow movers here, take a look the good news is Johnson Johnson holding up wells, defensive names merck, proctor and gamble holding up. Caterpillar has been weak, Energy Stocks coming off of their highs after a terrific run. Take a look. I think a key chart is the bank stock. Theyre starting to exhibit negative patterns, what we call head and shoulde