on. Welcome back to Morning Trade Live. It's time now for the big picture.So, let's welcome in Lisanne Saunders, chief investment strategist, a Schwab Center for Financial Research. Very good morning to you, Lisanne. So, we've got a nice rally underway this morning.Thank you, Micron. Thank you, CPI report. Can it last.>> Well, um I I think we're going to see fits and starts. I think that there there is still that buy the dip mentality that kicks in, especially after you've had a bit of a a pullback. uh you ...

Market Overview - The market is experiencing a rotation trade, with approximately 60% of S&P 500 stocks in the green, but the S&P 500 equal weight index is trading flat to negative, indicating a shift in market dynamics [2][4] - Volatility is relatively low, with the VIX at 14, suggesting a potential for an increase in volatility in the near future [4][10] - The yield on the 10-year benchmark is at 4.19%, reflecting a return to pre-FOMC meeting levels, indicating market caution regarding rate cuts [7][8] Federal Reserve Commentary - Fed speakers, including Austin Goolsby and Schmidt, express concerns about elevated inflation risks, leading to a cautious stance on rate cuts [5][8] - Upcoming Fed commentary and economic data will be crucial for market direction, with a focus on employment and housing data [11][12] Sector Performance - The technology sector is facing sell-offs, with companies like Broadcom and Oracle experiencing declines [4][9] - The healthcare sector is performing well, with stocks like UNH and Humana showing aggressive gains [14][15] Commodities Insights - Natural gas prices are down nearly 3%, influenced by warmer weather forecasts and an inventory buildup in the U.S. [16][18] - If natural gas remains around the $4 level for a few weeks, there is potential for a rebound to $5 or $6 due to expected winter weather disruptions [19][20] - In the metals market, platinum and palladium are seeing gains, driven by industrial demand and potential regulatory rollbacks on emissions [24][25]

Yesterday I told you it was time for the great rotation from gold into bitcoin.Today the rotation started. (h/t @Ashcryptoreal) https://t.co/krbsNbltcdAnthony Pompliano 🌪 (@APompliano):Gold has dominated so far this year, but past results don't guarantee future performance.It is time for the great rotation trade bringing capital from gold into bitcoin. https://t.co/OF80SufnLC ...

Market Overview - The S&P 500 reached all-time highs at the start of the session but experienced a pullback, closing down 0.6% at 6,656 points [16] - Approximately 60% of S&P 500 stocks were in the green, indicating a defensive market with utilities and energy sectors performing well [4][5] - The overall market trend remains upward despite the pullback, with key support levels around 6,650 [2][3] Sector Performance - Energy sector saw a notable increase of 1.7%, driven by a rebound in crude oil prices, which crossed the $61 threshold [11][12] - Consumer staples also showed resilience after a recent sell-off, contributing to a mixed market picture [5][18] - Technology and consumer discretionary sectors faced declines, with technology down over 1% [16][18] Micron Earnings Report - Micron reported fourth-quarter earnings with EPS of $3.30, exceeding estimates of $2.84, and adjusted revenue of $11.32 billion, surpassing expectations of $11.15 billion [19][20] - Gross margins improved to 45.7%, above the expected 44.3%, indicating strong operational performance [20][23] - Guidance for the first quarter revenue is projected between $12.2 billion and $12.8 billion, significantly higher than the street's expectations [21][22] Margin and Growth Insights - Micron's operating margins expanded to 32.3%, up from 23.3% in the previous year, reflecting effective cost management and pricing power [25][27] - The company is experiencing growth across all business segments, including a notable increase in mobile business gross margins [28] - Analysts are optimistic about Micron's ability to sustain growth moving into 2026, with expectations for continued demand in high bandwidth memory and DRAM chips [32][34]