VIDEO: A Flurry of Moving Market Storylines and Today’s Trades
Oil prices are down, but where they settle out compared to January and February will matter
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US-MARKETS-ECONOMY
Following our early morning trades, I had several media interviews today and I spent some time with the investment team at SuRo Capital (SSSS) . It made for a hectic day, especially given the uncooperative weather in New York City today, but I can now share some of these clips with you and the conversations about the market, oil, our decision to close out our ProShares Short S&P 500 ETF (SH) position, add a new one in Applied Materials AMAT today, and a few other topics. I’ll have more on my conversations with SuRo later this week.
Schwab Network
"What we're seeing today is the market getting a sigh of relief," says Chris Versace, referencing headlines on President Trump and Iran offering room for a technical bounce. He walks investors through his firm's investment strategies from when the strikes on Iran first occurred through Monday morning's Truth Social post from Trump pointing to a five-day ceasefire. Chris also has stocks on his shopping list amid the positive price action, from American Express (AXP) and Applied Materials (AMAT) to Palantir (PLTR) .
Click here to watch Chris’s conversation with the Schwab Network
The New York Stock Exchange
Yahoo! Finance
"If we get the follow-through and oil comes down, maybe comes down further, perhaps we could see a rate cut, you know, back on the table in the second half of the year," Tematica Research CIO @ChrisJVersace says. pic.twitter.com/jyzv5OMEf9
— Yahoo Finance (@YahooFinance)
