The latest jobs report showed the unemployment rate climbing to 4.1%.
That's the first time in 30 months it surpassed 4.0%.
Opening Bell Daily🔔
2,405 posts
Opening Bell Daily🔔
@ReadOpeningBell
The industry-leading data newsletter documenting the story of the stock market for serious investors. Also on Bloomberg Terminals.👇
Joined March 2024
- JUST IN: Warren Buffett's cash pile hit a record $325.2 billion. Berkshire Hathaway did not buy any stock in the last quarter — a first since 2018.
- The S&P 500 and Nasdaq just finished their weakest quarter since 2022.
- There is no comparison between the US and China for global investors. The S&P 500 versus iShares MSCI China ETF since January 2023👇
- The stock market since Trump won: - S&P 500 best day ever post-election - Dow sees 4th biggest one-day gain ever - 66% of stocks above 200-day moving averages - Record highs across markets (h/t @RyanDetrick)
- BREAKING: JPMorgan CEO Jamie Dimon has reportedly endorsed Trump for president.
- The Magnificent Seven have DOUBLED the returns of the S&P 500 in the last 12 months. Investors are increasing long-term positions on Big Tech while pulling back on short bets, @S3Partners data shows.
- Nvidia is losing big to pharmaceutical stocks over the last 12 months👇 🟢Longboard Pharma +410% 🟢Janux Therapeutics +228% 🟢Avidity Biosciences +417% 🔵Nvidia +141% 🔵Super Micro +112% 🔵Taiwan Semi +61% Which group will do better for the next 12 months?
- The Fed often touts the resilience of the US economy. Yet a handful of crashing stocks show that the strength isn’t evenly distributed. The consumers are not alright. Today's edition features insights from @sonusvarghese👇
- In today's edition: Jerome Powell sticks to the script • Deep-dive on the Fed speech • Interview with top economist @GregDaco • Iger takes down Peltz in Succession-style board battle at Disney • Why one bear says Tesla stock may plunge 90% READ:
- Replying to @ReadOpeningBell and @CoinSharesCoTom Couture, @Fundstrat VP of digital assets: "Compared to 2021-which represented the peak of the last bull market-flows are far more impressive (clearly helped by spot ETFs). 2021 saw full-year flows of $10.6 billion, while this year's totals are on pace for over $30 billion."
- "These results likely take a 50 basis point rate cut off the table for the Fed’s next meeting in November, barring that next month’s jobs report isn’t a disaster." — @eToro @BretKenwell
- US stocks had their best and worst days of the year in the same week. Here's what Interactive Brokers' chief strategist @SteveSosnick said: “Can we say that today’s number has quelled the looming recession fears? Absolutely not. Can we say that stock traders remain fixated on
- Betting against Elon gets expensive Shorting Tesla has been "mostly a bust" trade, with $52 billion in mark-to-market losses since its IPO in 2010, @S3Partners @ihors3 said. $TSLA earnings are due today
