https://www.howestreet.com/2024/07/is-it-time-to-take-defensive-investment-positions-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

You can relish or cry on corporate earnings depending on your favorite, but the real story remains WAR.  Don’t lose sight of this despite the media is manipulated and controlled.  The media and investors are blindfolded – I think intentionally.  We long defense, gold, oil.  

Also, the market has already made its move as investors salivate over a September rate cut.  Bull trap!

Israeli Prime Minister Benjamin Netanyahu said Wednesday that Israel has dealt “crushing blows” to Hezbollah and Hamas, referring to a strike that killed a senior Hezbollah official in Beirut late Tuesday. Still, he stopped short of claiming responsibility for the killing of Hamas leader Ismail Haniyeh in Tehran. Haniyeh, the head of Hamas’s political wing, was assassinated early Wednesday. Hamas and Iran both blamed Israel and vowed to retaliate. It was not immediately clear how Haniyeh was killed, but the attacks risk plunging the region further into crisis.

Key updates

Khamenei says avenging Haniyeh’s death is Iran’s ‘duty’

Haniyeh’s killing threatens negotiations, raises specter of wider war

U.S. was not warned of Haniyeh killing, Blinken says

U.S. Stocks Rally On Upbeat Earnings News, Rate Cut Optimism

After moving sharply higher […]

https://www.howestreet.com/2024/07/is-it-time-to-take-defensive-investment-positions-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

Nasdaq Moves Sharply Lower As Tech Stocks Slump But Dow Moves Higher

After ending yesterday’s choppy trading session narrowly mixed, the major U.S. stock indexes moved in more starkly opposite directions during trading on Tuesday. While the tech-heavy Nasdaq moved sharply lower, the Dow ended the day firmly positive.

The Nasdaq tumbled 222.78 points or 1.3 percent to 17,147.41, ending the session at its lowest closing level in well over a month. The S&P 500 also fell 27.10 points or 0.5 percent to 5,436.44, while the narrower Dow climbed 203.40 points or 0.5 percent to 40,743.33.

The steep drop by the Nasdaq came as tech stocks came under pressure as the day progressed, with AI darling and sector leader Nvidia (NVDA) plunging by 7.0 percent to a two-month closing low.

Microsoft (MSFT) and Advanced Micro Devices (AMD) also moved to the downside ahead of the release of their quarterly results after the close of today’s trading.

The weakness in the sector may have reflected concerns the earnings won’t be strong enough to support further upside after tech stocks helped lead the markets to record highs earlier this month.

Among tech stocks, […]