Trader Talk

Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. This is the third House hearing focused on GameStop, but this is Gensler’s first appearance as chairman before the Committee.
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Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. The latest earnings reports are chock-full of companies reporting earnings above expectations, and most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the “most
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Traders on the floor of the New York Stock Exchange Source: NYSE Earnings season starts with a rare confluence of bullish factors: stocks at new highs, economic reports exceeding expectations, the vaccine rollout accelerating, an uber-dovish Fed, higher tax fears diminishing, and most importantly, expectations that CEOs will provide far more guidance than they did
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It was a bad day for Cathie Wood.  And it was a very strange trading day.  For weeks, stocks have been held hostage to Treasury yields, particularly the 10-year.  As yields moved up, stocks, particularly high-multiple megacap stocks, moved down.  If yields dropped, tech rallied. That relationship has broken down. Yields have been down three
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