Michael P. Reinking, CFA
Sr. Market Strategist
Well, if you just looked at the headline trading in futures markets at the moment you probably wouldn’t guess that there was an Israeli air strike in Iran overnight. Similar to the situation heading into last weekend the response seemed well telegraphed and left minimal damage and casualties. Press is suggesting that the tit-for-tat response was designed to de-escalate the situation and commentary from Iranian sources have suggested there is no immediate plan for retaliation. On the headlines overnight there were sharp moves across futures markets with the typical conflict related trading across equities, oil and into other safe haven assets like Treasuries, the USD and gold. However, the bulk of all of those moves have already unwound. As we approach the open S&P futures are trading only slightly lower nearly 2% off the overnight low. That overnight move filled the gap from late February post Nvidia earnings. The S&P 500 had closed lower for 5 consecutive sessions coming into today and was set up to end lower for the third consecutive week. Obviously, we would have preferred the selloff to happen within regular trading hours as equities had started to get short-term oversold and would have provided an easier opportunity for a bounce. This setup is much more difficult to navigate. Adding to that complexity today is options expiration which will add to volumes and potentially volatility around the open and the close.
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In 2023, the NYSE was home to 2 of the 3 largest IPOs of the year, and a large number of transfers. We look forward to welcoming more leading companies from around the world in 2024, growing our one-of-a-kind community and setting the pace for innovation on a global scale.
The NYSE hosts major events across key business topics in our iconic building, and beyond that, we convene a wide range of notable personalities, from superstar athletes to global leaders, from Broadway’s best to icons like Dwayne “the Rock” Johnson.
The NYSE was on the ground in Las Vegas to attend CES 2024. Take a look inside the most powerful tech event in the world.
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The NYSE sent a crew to Madrona’s IA Summit in Seattle, where we had a chance to meet the leaders of exciting companies in AI and ask them to share questions and prompts on a variety of thought-provoking topics. But this isn't just another Q&A series, we took those answers and transformed them into art – using AI, of course.
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At this year’s Fortune Brainstorm Tech, we asked 20 leaders to take a seat, answer the same five questions and share their thoughts on how the future will — or should — unfold.
When fans tune into the Super Bowl this week, they come for the football, but stay for the ads. Those million-dollar spots are often much more intricate than a nickel defense and require the best in the business to help make them. An artist who regularly gets the call is Paul Blair, a.k.a DJ White Shadow.
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