Policy rate more than five percentage points. Constant recession bets have come up. Recent months, and narrow market leadership has given way to a convincingly broad rally. That brings us to the talk of the take. Is this approachable time has a chance for investors to cash in, breakeven or confirmation that a young bull market has gathered steam into 2024 . Lets ask warren pies. It is great to have you here. How are you doing . Im good. Thank you for having me. Sure thing. The story for this year, we could have said it a year ago but it was, can inflation go down more quickly than the economy loses steam . That has happened to this point. We have seem to have seen a fed pivot rhetorically and if not in reality. Where does that leave you in terms of what we should expect at least in the first part of next year . I think that we try to be driven at the 314 research. The data points are in a bullish direction. It is hard to deny that at this point in time. You end up with a few broad axio
To go around to sate the buyers. So the positives get magnified and the negatives get ignored. That happened again today. The dow dipped 13 points, s p advanced, nasdaq gained. 29 , nice move. First, lets understand, this market is largely driven not by stock pickers but by index funds. That index fund money comes in automatically everyday billions of dollars placed in equities will move equities higher why does this send stocks up so much the for starters, directional. That money tends not to be traded it soaks up supply quite easily. Remember, the stock market is a function of supply and demand. Before the index phenomenon which didnt exist in the 80s and 90s, mutual funds and hedge funds would be selling as well as buying. They still do. But the amount of index money coming in, chiefly for retirement, far outweighs the amounts that are traded. It overwhelms them dont get me wrong, index funds are the right choice for you if youre putting money away for retirement, you shouldnt try t
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Are actually seeing the euro turning lower here. Looking at crude, the picture in crude, wti down by 0. 4. Date to for brent crude. Heres big stories that we are watching today. Another wild trading session for the worlds oldest bank. Shares of monte dei paschi tell 7 in early trading after the embattled lender admitted there are no anchor investors taking up its share sale. A state bailout is expected with any losses forced on to bond holders. The president elect is tapping carl icahn as a special adviser. The billionaire investor will work on rescinding what he calls excessive regulation on u. S. Businesses. The Transition Team says icahn will not be a federal employee, and he will not take a salary. Another well known face to cnbc viewers is getting a job in the Trump Administration. The president elect is hiring economist Peter Navarro to run a newly formed National Trade council. Navarro is the author of death by china. He backs a hard line approach towards relations with beijing.