he boosted his ear and forecast by 24%, writing a fall in erp, adjusted risk premiums will be offset by a rise in bond yields. the combination will boost the end,o already 600 by years 3800 in 12 months time. this represents a significant increase driven by valuation. what do the technicals have to say about that? joining me now is katie stockton, founder of fairlead strategies. off of the highs now. what does that tell you about the next direction? is flirting with that resistance. the level i m watching is 3394, the intraday high from february. for a breakout to be decisive, we need to see a couple of closeouts above that level. highs onct new positive short-term momentum but also looking for momentum to falter before the end of the month. you have some overextended readings in some of , alsoternal measures sentiment. basedrcentage of stocks on their 50-day moving averages reaching levels often associated with pullbacks in the s&p 500. at the same time, sentiment reaching e
find a bid. we wait for more gloomy economic data at 8:30. time now for our market moving news from our new york team. we are going to start with oil. the iea says the outlook for oil demand has improved somewhat, yet it sees crude production on track for historic decline this month, at the lowest level in nine months. annmarie hordern joined me now for more. annmarie: this report is still bleak, but slowly but surely improving. they had to say is that outlook for the oil markets are improving somewhat. amanda little stronger than what they were expecting, but really, the big take away from this report demand a little bit stronger than what they were expecting, but really, the big take away is that this month is on track for historic decline, the most in nine years. this week alone, we saw the kingdom, the uae, and kuwait deepen cuts for june. the same time, the iea is looking at producers outside the group like the united eights that are just being forced due to supply and
despite fears that continue to permit. the bait in the bond market continues. down five basis points from the 10 year. out, $47.ly wiping you will have a lot of paper from banks that lend to producers. we will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. we begin with asia. the death toll is climbing, cases worldwide are above 82,000. saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. stephen engle joins us from asia. stephen: it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. it could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. as you mentioned, saudi arabia does not have confirmed ca
Compass Diversified (NYSE:CODI) Q1 2024 Earnings Call Transcript May 1, 2024 Compass Diversified isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to Compass Diversified First Quarter 2024 Conference Call. Today’s call is being recorded. All lines […]