Morning Dose: Tech Selloff Signals Rate Cut Chaos
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. It’s Friday, November 14th, and futures are pointing to a rough start to the day. The pre-market sentiment is overwhelmingly bearish, driven by continued selloff in tech.
Overnight Headlines
Global markets ended lower, with weak economic data from China and Europe exacerbating the risk-off sentiment. Tech stocks are particularly under pressure.
Economic Announcements
- Producer Price Index and October Retail Sales data are set to release at 8:30 AM Eastern. These numbers could heavily influence market direction.
Earnings Highlights
- Applied Materials (AMAT): Beat earnings and revenue but gapping down over five percent on in-line guidance.
- Apple: Strong iPhone sales in China but caught in tech downturn.
Top Movers
- Warner Bros. Discovery: Gapping up amid bidding war rumors with Paramount, Comcast, and Netflix.
Quick Trade Ideas
Watch key technical levels at open for SPY and QQQ ETFs. Defensive rotation with strength in Utilities and Healthcare, weakness in Financials and Tech.
Key Takeaway
Expect a bearish open driven by Fed fears. Focus on technical levels, cautious trading, and monitor the 8:30 AM data release for market tone. Patience and risk management are crucial.
Thanks for tuning in to The Morning Dose market briefing. Have a great trading day!