Investors Move Toward Cyclical Stocks

Nov 21

November 21, 2024

MRKT Matrix - Thursday, November 21st

Dow jumps nearly 500 points as investors rotate out of tech into stocks linked to broader economy (CNBC)
Morgan Stanley CEO is bullish on stocks, says the U.S. economy is ‘outperforming’ (CNBC)
Google Should Be Forced to Sell Chrome Browser, Justice Department Says (WSJ)
Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated (CNBC)
Bitcoin hits fresh record, races toward $100,000 as rally continues (CNBC)
Novogratz warns that there will be a bitcoin correction, says crypto is ‘levered to the gills’ (CNBC)
Starbucks Is Said to Consider Selling Stake in Chinese Unit (Bloomberg)
Target’s recent trade imports data tells the real story behind massive earnings miss (CNBC)
Trump’s Growth and Trade Agendas Are at Odds. His Economic Team Will Point to the Winner. (WSJ)
Trump and Fed Chair Powell could be set on a collision course over interest rates (CNBC)
Temu-Owner PDD’s Shares Dive After Warning of Worsening Profit (Bloomberg)

Major Averages End Week Higher As Rotation Continues