Asks for her take on the moves, noting others see a buying opportunity.
Matt
Marianne Bartels
Events like this don't change the trend. Markets are trending up with strong internals and fundamentals. This is a buying opportunity, not a derailment of the bull market.
Asks what oil level becomes concerning.
Dani
Marianne Bartels
Technicals suggested oil could go to $70-75 before this. If it breaches $75, next resistance is $80. If oil stays in $70-75, impact is minimal. If it goes to $100, you could see a 20% correction, but it wouldn't derail the long-term market.
Notes the tug-of-war in Treasuries and asks for her view.
Matt
Marianne Bartels
There is percolating inflation (citing PPI, raw industrial metals), which is a good leading indicator for CPI. This is the 'good part of inflation' for producer earnings. Still believes interest rates want to go down.
Asks if this accelerates the rotation from growth to value.
Dani
Marianne Bartels
Tech is in a correction but hasn't ended its bull market. The breakout in energy and metals is real and represents new bull markets. Leadership in the next secular bull will be in small caps and international markets.