Sector for much of the day. You see they are still in the red. Apple and tesla are higher. Apple, the worstperforming mega tech cap stock this year. By the way, Eric Woodring of Morgan Stanley joins us shortly with his take on what could turn that stock around. It does take us to what lies ahead for stocks at large for tech as a sector and for the broadening of this market. Lets ask dan greenhouse. Hes here with us at post nine. I know you are as excited as we are. I want to be here and contribute to the show. Good stuff. What about the momentum of the rally . Is it waning . Is that a negative sign, or is that a rest and refresh as we round out another good quarter . Were going to be five months in a row up for stocks, and we just carry this momentum as we begin a new quarter. In the context of what we have experienced off the october low, call it a 30 plus rally for the index, more for a number of names driving the gains. Some level of breather. We talked about this. A number of peopl
Today. Rates, no t story after another read on M Manufacturing comes in ugly. That part of the economy is not doing so hot and look at that foot locker, ouch. Down 30 worst day ever that after earnings disappointed and the ceo warned of slowing consumer trends. What does todays report from nvidia mean to your money this week ahead we have adam parker, founder and ceo of triveria research brin tarkenton, a shareholder of nvidia stephanie link, chief investment strategist at high tower adam, youre here. I will start with you. You used to be a chip analyst. What does this mean . What does this mean here and now . Somebody emailed me today, its like anticipating the gam of thrones ending for me, investing is changes in perception about rates, thats jackson hole, and changes in growth, thats nvidia. These are at duel this week. So 120 billion plus or minus on the stock this big they need goldilocks on the guidance if they guide too good, people will doubt the sustainability. There will be q
but first mike santoli is going to join us to break down cpi the impact today on stocks, volume, vix. there is a lot to watch here. a lot of stuff was already moving pretty hard in one direction. we got an accelerant at the open how do you make a 1.5% drop in the nasdaq feel okay start with the 3% drop in the nasdaq, basically where we are we are down enough you have to look at a longer-term chart to situate us in terms of where we are and how far back in time we have here you go. that is the pre-covid high in the nasdaq 100 it is around 9600 between 96 and 9700 down a thousand points from here you know what? we went down a thousand points in the last 10 or so trading days in the nasdaq 100 you are kind of in the zone there of going back to the pre-covid levels of course a ton of stocks, maybe half of all stocks are below pre-covid peak right there we did kind of lose out on some of those other areas i was looking at more like in the two-year round-trip range that would hav