Tech trader

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US markets are trading higher even as a potential government shutdown looms. Oil is retreating from three-year highs. Tech stocks are rallying. Here’s Lutz: Good morning, and Happy Friday!! All the talking heads focused on a potential US government shutdown, but spoos don’t care, with futures marked up 30bp – Tech acting well in pre-market. Gains in AMD, INTC, NVDA, AAPL and NFLX offsetting a 3% hit to Big Blue as the QQQs climb 50bp. Strong session in Germany, where the DAX is up 1% – Autos ripping again, up 10% in 2018 on average – Tech climbing 1%, and those Banks are staging a rally. FTSE move more muted, climbing 25bp – Oil Majors offsetting a pop in Miners, while Consumer names shrugging off weaker Christmas sales – Sea of Green in Asia … [Read more...] about A shutdown looms: Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. A government shutdown is looming, but traders’ angst remains low. Cryptocurrencies are rising after a two-day bloodbath. Here’s Lutz: Good morning! US Futures are unchanged, digesting yesterday’s rally to new highs, as the street noodles over Upbeat China Data released. While the Talking Heads are focused on the “Shutdown” – we are seeing little angst as smokesignals from DC show a chance of a can kicktomorrow. AAPL headers have a fire under Tech shares globally, helping the DAX jump 40bp early, with Banks in rally mode just behind. HC Shares continue to stumble, while Yield Sectors like utilities, telecom and real-estate companies under pressure. Rising Sterling is a headwind for FTSE, which is off 35bp with every sector except for the miners under pressure. Mixed Overnight … [Read more...] about The crypto bloodbath is over: Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Stocks continue their 2018 trend of gains. Asian markets were trading in the green. Oil is retreating from its three-year highs. Cryptocurrencies are falling fast. Here’s Lutz: Morning! The “Melt Up” continues, with US Futures in the green, with Industrials adding 80bp early, followed by Nasdaq at 50bp as we await Citigroup numbers. Decent rallies overseas as well, where the DAX is adding 80bp with Tech leading to upside in Germany, followed by a 1.6% pop in Consumer stocks. Stockholm only major in the red on the continent as Ericsson gets hit. FTSE is lower as Carillion-exposed companies see some selling, while BP Getting hit on Deepwater Writedown headers. Strong Overnight in Asia – Nikkei up 1% as Yen weakened – Hang Seng leapt 1.8%, … [Read more...] about Crypto is falling: Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. China’s lack of interest in US Treasuries is sending most US assets lower. Much of the world is trading in the red. Jeffrey Gundlach gave a presentation Tuesday calling for the end of the bull market in 2018. Here’s Lutz: Morning, US futures were drifting just under the waterline early, then headlines “China Officials Are Said to View Treasuries as Less Attractive” accelerated selling in everything USA. The S&P is down 50bp, but with Treasuries getting hit and the Curve getting steep, Tech is taking it worst, with Nasdaq off 70bp. It’s pretty red overseas, where the DAX is down nearly 1% as the Euro jumps – Fins the only sector holding a bid, but Healthcare weaker but nearly 2% and Exporters breaking lower. FTSE doing a touch better, up small, but … [Read more...] about Everything is red: Here’s a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Earnings season starts this week. Most of the global markets are green. Ethereum is rising. Here’s Lutz: Morning, and Welcome to the kick off of Earnings week, with several major US Banks posting Friday, and As the bellwether JPM HC Conference kicks off, we awaken to 2 Biotech deals this AM. US Futures are starting off a touch weaker, as Investors rotate back into Treasuries early. It’s a decent session in Europe tho, where the EU Stoxx 600 is kissing 3Y highs as the DAX climbs 40bp behind a solid rally in the Autos. Fins are red tho, as a bid develops in Bunds. FTSE is Lagging as Tech hit behind Micro Focus, and Healthcare and Staples both rest in the red. Another green overnight in Asia – Hang Seng up 30bp despite a 10% rip higher in Country Garden – Shanghai … [Read more...] about Ethereum hits a high: Here’s a super-quick guide to what traders are talking about right now