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On The Tape

A Tale of Two Weeks in the Stock Market | MRKT Call 1/9/24

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 9 January 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, January 9th. John Butters joins the show to preview 2023 Q4 earnings. Timecodes 0:00 - Negative Catalysts for SPX 7:00 - Yields, FedFunds Tracker 10:30 - Earnings Insight 24:20 - NDX Whip Around 31:45 - Crude Oil & Macro Outlook 37:20 - Gold & The Mag7 -- MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

Today's market calls presented by CME Group, where risk meets opportunity.

0:08.4

And facts said, financial data and analytics powered by tomorrow.

0:13.9

One p.m. on the East Coast to his day, January 9th.

0:22.5

I'll start by saying this.

0:24.5

I'm a little worried about the New York Rangers got throttled.

0:28.8

And yes, I chose that word throttle last night by the Canucks of Vancouver, who are one of the best teams in the league.

0:34.4

But, you know, that's the benchmark now for the Rangers.

0:37.1

And they haven't played well for the better part of a month. I'm worried about their net

0:41.5

minder, Dan, as are you. As is, by the way, John Butters, who is joining us today?

0:48.0

O. M. Brickin' gee. How are you, Dan? I'm doing great. I mean, it's not even Thursday.

0:53.4

And it's Butters here on Market Call. And we're going to do a deep dive and a little Q4 earnings preview from John Butters with not even released charts and data that are going to drop in his earnings insight. What do they call that? Like embargoed or something. Yeah, they're embargoed. So we have this embargoed data from Mr. Butters here.

1:13.1

So we're going to check out all of that guy.

1:14.8

But we got a lot to do today on our market call.

1:17.1

Well, we thought we looked.

1:18.2

It appeared as, listen, yesterday the S&P's up a cool 60 handles.

1:23.0

Like that's a big move.

1:25.2

And then today it appeared as though we're going to give some of it

1:28.3

back and the market is fighting itself back to effectively unchanged in the S&P everything to me

1:33.8

is just you know after the S&P everything is this conversation NASDAX up small the S&Ps the

1:40.0

excuse me the Dow's down maybe less than half of 1% now but, the S&P is fighting back to unchanged, which is pretty impressive given where we started

1:48.7

the day.

1:49.2

But there are a lot of things out there.

...

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