There was broad support on the committee for holding. Today, broad I would say, including among non-voters. So that's where that was.Of course, some people did want to cut and then dissented. But committee pretty broadly, four, four, four holding today. Jay Powell there speaking after the Fed held rates steady and signaled a cautious outlook.You're watching the China show this morning. I meant about rulers with David England. Good morning.We are counting down to the open of markets in greater China. Let's g ...

The dollar strengthens, while tech earnings loom over the markets. ...

The Dow Jones Industrial Average headed 0.6% higher along with other major indexes in Monday's stock market with tech earnings on watch. ...

>> AFTER 20 YEARS OF FINANCIAL PRESSURE, WERE BACK TO LIVE MARKETS. >> THE MARKET IS PROBABLY GOING TO TAKE OFF AGAIN. >> WE SEE A LOT OF UPSIDE IN U.S. VOLATILITY MARKETS. >> THE U.S. BOND MARKET IS STILL THE PLACE TO REACT. >> THIS IS "BLOOMBERG BR WITH SURVEILLANCE, WITH JONATHAN FERRO, ANNMARIE HORDERN. SON PATRICK: GOOD MORNING. -- JONATHAN: GOOD MORNING."BLOOMBERG SURVEILLANCE" BEGINS RIGHT NOW. INTERVENTION RISKS AND GOAL. SMASHING THROUGH $5,000, BUILDING ON A RECORD-BREAKING RALLY, GOAL ON A SIX-DA ...

Group 1 - The core focus of the tech earnings season includes capital expenditures (capex), memory prices, and the future of software [2][3] - Meta is set to report its fourth-quarter financials on January 28, indicating a significant upcoming event for investors [2]

Core Insights - The third-quarter earnings season is revealing a divide between growth companies, with some showing strong performance while others lag behind [1] - Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) are benefiting from a higher concentration of successful tech earnings [1][2] Group 1: AI Investment Trends - QQQ and QQQM are recognized as leading proxies for AI investing, with a shift in market sentiment favoring companies that demonstrate profitable and efficient AI utilization [2] - The enthusiasm for AI investments is transitioning to a focus on tangible results rather than speculative spending [6] Group 2: Notable Companies - Alphabet (GOOG) is highlighted as a strong performer, accounting for 6.60% of QQQ/QQQM, with its monetization strategy leading to record-high share prices [3][5] - Amazon (AMZN), the largest consumer discretionary holding in the ETFs, is expected to generate significant attention during the holiday season, particularly through its Amazon Web Services (AWS) unit [4]

Core Insights - The tech-heavy index has experienced a rise for the seventh consecutive month, indicating a sustained positive trend in the technology sector [1] Group 1 - The ongoing increase in the tech-heavy index suggests strong performance and investor confidence in technology stocks [1] - Despite the positive momentum in the tech sector, concerns regarding job stability and employment rates persist, which could impact future market performance [1]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Market Resilience & Economic Outlook - The market has shown resilience despite fears and earnings revisions, experiencing a V-shaped recovery after a 3% drop [1][2] - Tariff concerns are quickly absorbed by the markets and are not expected to derail the current trajectory [2] - Strong corporate earnings contribute to market resilience, even amidst skepticism about CPI numbers due to government shutdowns [3] - The market is engaged in a "juggling act," balancing strong earnings with concerns about economic data [3] - Concerns on the edges of the market are healthy, preventing a straight "rocket ship up" scenario and fostering a two-way conversation [6] Investment Strategy & Portfolio Allocation - A balanced portfolio, including alternative investments, is recommended for clients [4] - Alternative investments are crucial for protection in a down market, offering safe interest, low volatility, and absolute returns [14] - A sample allocation package includes 40-45% equities, 30-40% fixed income, and 25-35% alternative investments [14] - Focus is on market-neutral, uncorrelated asset classes within alternatives, targeting 4-6% volatility and 5-7% coupon [15] Technology & AI - AI is considered a potential global revolution, comparable to infrastructure developments like railroads, and is still in its early stages [5] - Companies are investing heavily in capex to stay ahead in AI, which may temporarily affect earnings but is seen as necessary for growth [11][12] Tech Earnings & Market Dynamics - Tech earnings expectations are relatively high, and the margin of beat may be lower than before [8] - Dispersion within the Mag 7 stocks is healthy, with some stocks up significantly while others are relatively flat year-to-date [8] - A 3% pullback in the market, despite challenges, indicates resilience but also suggests a lack of a significant reset [10] - Strong earnings and ongoing capex spending suggest positive market prospects for the next 6-12 months [12]

Core Viewpoint - Billionaire investor Paul Tudor Jones believes that the Nasdaq could finish the year higher, driven by anticipated rate cuts and strong technology earnings [1] Group 1: Market Outlook - The expectation of rate cuts is seen as a catalyst for a market rally [1] - Strong earnings from technology companies are also expected to contribute positively to market performance [1] Group 2: Concentration Risk - There is concern regarding concentration risk, as a small number of stocks appear to be driving market movements [1]