Calls For A Correction As Stocks Hit New Highs

Jul 9

July 8, 2024

MRKT Matrix - Monday, July 8th

S&P 500 hovers near record as traders await inflation data and earnings (CNBC)
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’ (Bloomberg)
Oppenheimer raises S&P 500 target to 5,900, second highest on Wall Street (CNBC)
Banks’ Hedges Are Cheap Before the Start of the Earnings Season (Bloomberg)
Goldman tells clients to buy calls on Wells Fargo ahead of results Friday (CNBC)
Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers (CNBC)
Where Have All the Good Stocks Gone? (WSJ)
Google Struggles to Lessen Reliance on Apple Safari (The Information)
China Outspends the U.S. on Fusion in the Race for Energy’s Holy Grail (WSJ)
Beryl unleashes high winds, heavy rains in Texas, stranding residents and leaving 2M without power (AP)
Corn, Soy Slump to Lowest Since 2020 as Hurricane Brings Rains (Bloomberg)

S&P Posts Longest Winning Streak Since January