The Everything But Tech Rally

Written By Timmy Adami

July 16, 2024

MRKT Matrix - Tuesday, July 16th

  • Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3% (CNBC)

  • Small Caps Beat Nasdaq 100 by Most Since 2011 (Bloomberg)

  • Traders see the odds of a Fed rate cut by September at 100% (CNBC)

  • Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates (CNBC)

  • Oil Bulls Face Make-or-Break Moment on Price Rally (Bloomberg)

  • Three Major Takeaways From Big Banks’ Earnings (WSJ)

  • Charles Schwab Stock Slides After Brokerage Reports Lower Bank Deposits, More Short-Term Funding (WSJ)

  • UnitedHealth Stock Rises After Earnings Beat Eases Cyberattack Concerns (Barron’s)

  • Exclusive: Taboola to sell ads for Apple (Axios)

Timmy Adami
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