Stock market analyst Carter Worth joins Dan Nathan and Guy Adami on the show to discuss various fascinating topics including rates and yield, Carter's Euro trade, the U.S. dollar and gold, and the S&P 500 and NASDAQ. They analyze breakouts, interest rates, and currency trades, focusing on trading the euro. Additionally, they explore the gold market, the S&P 500, and share a trade update. The role of stockbrokers and the challenges of making money in the markets are also discussed.
Historical charts and patterns can be used to predict future market movements.
The weakening US dollar may impact the gold market.
Deep dives
Yields and Stock Market
The NASDAQ is up 2% causing concern for investors. The recent soft economic data has led to lower yields and higher valuations for stocks.
Carter Worth's Take on Yields
Carter Braxton Worth believes that rates have peaked a year ago and equities will reflect that by going lower. He emphasizes the importance of looking at historical charts and patterns to determine future market movements.
The Euro and US Dollar
Carter Worth suggests a balance approach with the euro, predicting a potential bounce after a downward trend. He also highlights the weakening US dollar and its potential impact on the gold market.
Different Views on Market Direction
The discussion highlights varying perspectives on market direction, with some expressing bullishness and others expressing caution due to potential economic uncertainties and the ongoing risks in global markets.