3.8 • 950 Ratings
🗓️ 30 March 2022
⏱️ 8 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis. |
0:05.0 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
0:10.4 | Good morning. Today is Wednesday, March 30th, and I'm your host, Rina Sherbal. Our top stories today. |
0:16.0 | SMP 500 exits correction territory, yield curve in version worries, and next-gen storage technologies. |
0:24.0 | Leading today's news, U.S. stock markets have mostly shrugged off the latest news out of Ukraine |
0:30.0 | over the past couple of weeks, suggesting investors are putting headlines related to the |
0:34.0 | conflict on the back burner for now. The three major Indices have even fully recovered all of |
0:39.3 | the losses they experienced since the beginning of the invasion, with the S&P 500 exiting |
0:44.4 | correction territory on Tuesday. Global investors have also taken some comfort |
0:49.0 | over the prospects of a potential peace deal as the two sides met for negotiations in Istanbul. |
0:54.6 | Russia has pledged to reduce military activity in some places in Ukraine, though President |
1:00.1 | Vladimir Zilinsky responded that Ukrainians are not naive people. |
1:04.1 | Remember that Russia announced it would return its troops back to base following military exercises |
1:09.2 | in neighboring Belarus just before launching an all-out invasion of the country on February 24th. |
1:14.9 | In terms of a political settlement, Ukraine said it would agree not to join a military alliance |
1:19.2 | or host foreign troops, but would rather demand security guarantees similar to NATO's collective defense |
1:24.4 | clause known as Article V. In turn, Moscow would not oppose Ukraine joining the EU. |
1:30.6 | Stephanie Lange, chief investment officer at Hamrick Berg, said this has been a nice ride. |
1:35.5 | The market's now up almost 10% in the last 10 days, so we've had a pretty incredible |
1:39.9 | rally in a very short time. |
1:41.7 | I would not get too comfortable for the rest of this year because I think we're going to continue to see a lot of volatility. |
1:47.0 | S&P 500 futures are trending down this morning ahead of the final release of USQ4 GDP data and the ADP National Employment |
... |
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